Real Estate Broker salary in Tennessee
Real Estate Brokers in Tennessee earn a median of $60,150 a year ($28.92 an hour), based on BLS data for 540 workers.
Pay ranges from $33,560 for the lowest-paid 10% to $108,370 for the top 10%. That is 18% lower than the national median of $73,220. Tennessee ranks 28th of 36 states for real estate brokers pay. There are 0.16 real estate brokers per 1,000 jobs here — the job is less common than nationally (location quotient 0.55). The average (mean) salary is $62,910, above the median because a few high earners pull it up.
Pay range for real estate brokers in Tennessee
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $33,560 | $16.13 |
| 25th percentile | $36,620 | $17.60 |
| Median | $60,150 | $28.92 |
| 75th percentile | $72,660 | $34.93 |
| 90th percentile (top earners) | $108,370 | $52.10 |
| Average (mean) | $62,910 | $30.25 |
Half of real estate brokers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $5,012.50 |
| Semi-monthly (24 a year) | $2,506.25 |
| Biweekly (26 a year) | $2,313.46 |
| Weekly | $1,156.73 |
| Hourly | $28.92 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $60,150 salary, see how much house you can afford in Tennessee at today's mortgage rates, or work out a payment with the mortgage calculator.
Real Estate Broker salary in cities in Tennessee
| Metro area | Median salary | Workers |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN | $62,350 | 170 |
| Knoxville, TN | $58,280 | 70 |
| Memphis, TN-MS-AR | $52,570 | 80 |
| Kingsport-Bristol, TN-VA | $45,250 | 40 |
Highest-paying states for real estate brokers
| State | Median salary |
|---|---|
| New Jersey | $111,390 |
| Connecticut | $105,800 |
| Utah | $92,830 |
| Washington | $82,790 |
| Alabama | $82,630 |
| Michigan | $82,510 |
| Maryland | $81,550 |
| California | $80,450 |
| New Mexico | $80,340 |
| Colorado | $79,970 |
Related jobs in Tennessee
| Job | Median salary | Hourly |
|---|---|---|
| Real Estate Sales Agent | $46,250 | $22.24 |
| Telemarketer | $29,470 | $14.17 |
| Sales and Related Workers, All Other | $48,190 | $23.17 |
| Sales Engineer | $111,580 | $53.64 |
| Demonstrators and Product Promoters | $35,070 | $16.86 |
| Retail Salesperson | $31,950 | $15.36 |
| Cashier | $28,590 | $13.74 |
| First-Line Supervisors of Retail Sales Workers | $47,880 | $23.02 |
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | $61,630 | $29.63 |
| Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel | $60,230 | $28.96 |
| Securities, Commodities, and Financial Services Sales Agents | $58,050 | $27.91 |
| Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products | $94,450 | $45.41 |
| Counter and Rental Clerks | $37,960 | $18.25 |
| Insurance Sales Agent | $57,120 | $27.46 |
More: Sales and Related Occupations · all salaries in Tennessee
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 41-9021. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a real estate broker make in Tennessee?
The median salary for real estate brokers in Tennessee is $60,150 a year, or $28.92 an hour. Pay ranges from $33,560 for the lowest-paid 10% to $108,370 for the top 10%.
How much do the highest-paid real estate brokers make in Tennessee?
The top 10% of real estate brokers in Tennessee earn at least $108,370 a year. The top 25% earn $72,660 or more.
What is the starting pay for real estate brokers in Tennessee?
Entry-level pay (the 10th percentile) is about $33,560 a year, and a quarter of real estate brokers earn $36,620 or less.
How many real estate brokers work in Tennessee?
About 540 real estate brokers are employed in Tennessee, not counting the self-employed.