Key Factors That Influence Licensed Broker Salaries
A Licensed Broker's salary isn't a fixed number. It's shaped by several important factors.
Below, we'll explore how your years of experience, geographic location, skills
and company size
can directly affect your earning potential.
How Experience Level Affects Licensed Broker Salaries?
Experience is a primary driver of a Licensed Broker's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
Salaries can also vary between different cities.
Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay.
Here are a few examples of average annual salaries in different U.S. cities:
San Jose: $65,141
San Francisco: $64,427
Oakland: $63,070
San Jose, CA$65,141
San Francisco, CA$64,427
Oakland, CA$63,070
New York, NY$59,464
Paramus, NJ$58,741
Queens Village, NY$58,739
Passaic, NJ$58,690
Bergenfield, NJ$58,685
Stamford, CT$58,571
Huntington, NY$58,550
Newark, NJ$58,169
Bridgeport, CT$58,060
Vallejo, CA$57,957
New Brunswick, NJ$57,936
Petaluma, CA$57,905
Middlesex, NJ$57,807
Somerset, NJ$57,771
Santa Cruz, CA$57,704
Boston, MA$57,389
Monterey, CA$57,207
Seattle, WA$57,089
Santa Rosa, CA$57,079
Los Angeles, CA$57,063
Juneau, AK$56,929
Washington, DC$56,872
Orange, CA$56,688
Santa Ana, CA$56,552
Long Beach, CA$56,500
Anaheim, CA$56,490
Anchorage, AK$56,464
Santa Maria, CA$56,309
Everett, WA$56,299
Danbury, CT$56,117
Bremerton, WA$56,046
Tacoma, WA$55,860
New Suffolk, NY$55,859
Sacramento, CA$55,844
Santa Barbara, CA$55,788
Trenton, NJ$55,731
San Diego, CA$55,731
Brockton, MA$55,674
Fairbanks, AK$55,548
Lompoc, CA$55,416
Lowell, MA$55,374
Ventura, CA$55,364
Nashua, NH$55,354
Stockton, CA$55,349
Modesto, CA$54,972
Poughkeepsie, NY$54,858
Olympia, WA$54,760
Kennewick, WA$54,760
New Haven, CT$54,739
Lawrence, MA$54,553
Hartford, CT$54,502
Riverside, CA$54,491
New Bedford, MA$54,440
Richland, WA$54,440
Bakersfield, CA$54,367
San Bernardino, CA$54,347
New Britain, CT$54,342
Atlantic City, NJ$54,342
New London, CT$54,321
Norwich, CT$54,305
Portsmouth, NH$54,295
Boulder, CO$54,186
Portland, OR$54,114
Worcester, MA$54,109
Minneapolis, MN$53,949
Philadelphia, PA$53,877
Honolulu, HI$53,706
Saint Paul, MN$53,682
Vineland, NJ$53,670
Providence, RI$53,520
Chicago, IL$53,371
Bellingham, WA$53,309
Springfield, MA$53,267
Baltimore, MD$53,252
Chico, CA$53,123
Pittsfield, MA$52,983
Manchester, NH$52,885
Spokane, WA$52,658
Denver, CO$52,653
Albany, NY$52,410
Troy, NY$52,389
Nassau, NY$52,334
Schenectady, NY$52,281
Wilmington, DE$52,240
Burlington, VT$52,167
Salem, OR$52,147
Portland, ME$51,987
Yakima, WA$51,935
Rochester, MN$51,775
Reno, NV$51,749
Fresno, CA$51,749
Milwaukee, WI$51,703
Detroit, MI$51,651
Ann Arbor, MI$51,642
Allentown, PA$51,635
Colorado Springs, CO$51,548
Syracuse, NY$51,522
Carson City, NV$51,522
Houston, TX$51,449
Eugene, OR$51,424
Gary, IN$51,362
Springfield, OR$51,320
Bismarck, ND$51,310
Galveston, TX$51,274
Medford, OR$51,196
Fort Collins, CO$51,176
Concord, NH$51,150
Austin, TX$51,134
Mesa, AZ$51,026
Reading, PA$51,021
Phoenix, AZ$51,016
Dallas, TX$51,000
Saint Cloud, MN$50,951
Madison, WI$50,881
Utica, NY$50,742
Rochester, NY$50,659
Des Moines, IA$50,654
Raleigh, NC$50,649
Atlanta, GA$50,571
Battle Creek, MI$50,556
Salt Lake City, UT$50,540
Lancaster, PA$50,463
Harrisburg, PA$50,391
Kansas City, MO$50,339
Champaign, IL$50,329
Kansas City, KS$50,329
Fort Worth, TX$50,324
Columbus, OH$50,315
Boca Raton, FL$50,303
Pittsburgh, PA$50,282
Richmond, VA$50,262
Indianapolis, IN$50,251
Cleveland, OH$50,246
Las Vegas, NV$50,184
Cincinnati, OH$50,184
Petersburg, VA$50,107
Huntsville, AL$50,029
Lansing, MI$49,995
Lebanon, PA$49,988
Pueblo, CO$49,983
Appleton, WI$49,967
Buffalo, NY$49,947
Dayton, OH$49,931
Racine, WI$49,921
Charlotte, NC$49,916
Saint Louis, MO$49,900
York, PA$49,869
Elkhart, IN$49,869
Gastonia, NC$49,859
Billings, MT$49,847
Beaumont, TX$49,833
Lorain, OH$49,823
Benton Harbor, MI$49,812
Toledo, OH$49,802
Binghamton, NY$49,776
Rock Hill, SC$49,771
Rockford, IL$49,745
Springfield, IL$49,724
Elyria, OH$49,719
Fargo, ND$49,719
Flagstaff, AZ$49,683
Fort Lauderdale, FL$49,652
Duluth, MN$49,621
Miami, FL$49,621
Cheyenne, WY$49,585
Grand Forks, ND$49,585
Bangor, ME$49,471
Cedar Rapids, IA$49,415
Durham, NC$49,393
Louisville, KY$49,389
Grand Rapids, MI$49,378
Hialeah, FL$49,373
Casper, WY$49,301
Scranton, PA$49,239
New Orleans, LA$49,224
Virginia Beach, VA$49,218
Akron, OH$49,193
Peoria, IL$49,125
Sarasota, FL$49,115
Nashville, TN$49,079
Omaha, NE$49,079
Green Bay, WI$49,079
Baton Rouge, LA$49,053
Charleston, SC$49,043
Jamestown, NY$49,017
Davenport, IA$49,017
Tucson, AZ$48,991
Saint Petersburg, FL$48,960
Tampa, FL$48,950
Evansville, IN$48,919
Port Arthur, TX$48,919
Bradenton, FL$48,898
Santa Fe, NM$48,805
Orlando, FL$48,712
Clearwater, FL$48,697
Canton, OH$48,588
La Crosse, WI$48,588
Albuquerque, NM$48,557
Newport News, VA$48,552
High Point, NC$48,537
Ogden, UT$48,516
Corpus Christi, TX$48,475
Norfolk, VA$48,444
Laramie, WY$48,444
Rock Island, IL$48,413
Saginaw, MI$48,402
Jacksonville, FL$48,397
Salisbury, NC$48,387
Boise, ID$48,377
Moline, IL$48,351
Fort Myers, FL$48,335
Memphis, TN$48,325
Tulsa, OK$48,299
Waterloo, IA$48,268
Spartanburg, SC$48,216
Lincoln, NE$48,191
Fort Wayne, IN$48,180
Provo, UT$48,175
Cedar Falls, IA$48,113
San Antonio, TX$48,092
Greensboro, NC$48,072
South Bend, IN$48,067
Savannah, GA$48,010
Muskegon, MI$47,989
Birmingham, AL$47,984
Winston Salem, NC$47,959
Lake Charles, LA$47,834
Anderson, IN$47,824
Lexington, KY$47,808
Augusta, GA$47,793
Greenville, SC$47,793
Lima, OH$47,752
Wichita, KS$47,746
Tuscaloosa, AL$47,746
Columbia, SC$47,700
Springfield, OH$47,690
Asheville, NC$47,607
Bloomington, IN$47,571
Knoxville, TN$47,385
Shreveport, LA$47,380
Wilmington, NC$47,313
Roanoke, VA$47,313
Topeka, KS$47,220
Frankfort, KY$47,214
Oklahoma City, OK$47,178
Chillicothe, OH$47,158
Longview, TX$47,153
Melbourne, FL$47,147
Sioux Falls, SD$47,065
Mobile, AL$47,060
Terre Haute, IN$47,039
Altoona, PA$47,008
Amarillo, TX$46,972
Killeen, TX$46,956
Fayetteville, AR$46,915
Chattanooga, TN$46,899
Sioux City, IA$46,853
Idaho Falls, ID$46,843
Lynchburg, VA$46,801
Gainesville, FL$46,734
Portsmouth, OH$46,708
Little Rock, AR$46,698
Lafayette, LA$46,677
Youngstown, OH$46,677
Daytona Beach, FL$46,646
Clarksville, TN$46,641
Pensacola, FL$46,636
Temple, TX$46,632
Hopkinsville, KY$46,481
Erie, PA$46,471
Florence, SC$46,450
Charleston, WV$46,368
Great Falls, MT$46,342
Macon, GA$46,269
Tallahassee, FL$46,264
Fayetteville, NC$46,254
Waco, TX$46,244
Helena, MT$46,207
Pine Bluff, AR$46,188
Vincennes, IN$46,125
Lubbock, TX$46,104
Alamogordo, NM$46,073
Twin Falls, ID$46,027
Rapid City, SD$46,011
Jackson, MS$45,918
Huntington, WV$45,915
Greenville, MS$45,913
Parkersburg, WV$45,860
Montgomery, AL$45,851
Wichita Falls, TX$45,799
Springfield, MO$45,799
Biloxi, MS$45,774
Monroe, LA$45,722
Johnstown, PA$45,686
Sumter, SC$45,665
Columbus, GA$45,660
Pascagoula, MS$45,562
Abilene, TX$45,562
Kingsport, TN$45,428
Albany, GA$45,428
Gulfport, MS$45,412
Alexandria, LA$45,242
Fort Smith, AR$45,113
El Paso, TX$44,973
Las Cruces, NM$44,741
Harlingen, TX$44,609
Pocatello, ID$44,601
Florence, AL$44,534
Brownsville, TX$44,524
Mcallen, TX$44,415
Dothan, AL$44,343
Columbus, MS$44,036
Altus, OK$43,796
Lawton, OK$43,697
Pierre, SD$43,512
What Skills Can Increase a Licensed Broker's Salary?
Demanded Skills for the Role:
Initiative (Mentioned in 9.04% Job Postings): Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.
CPR (Mentioned in 6.61% Job Postings): Cardiopulmonary resuscitation (CPR) combines rescue breathing (mouth-to-mouth) and chest compressions to temporarily pump enough blood to the brain until specialized treatment is available.
Bond (Mentioned in 2.56% Job Postings): Bonds are issued by borrowers to raise money from investors willing to lend them money for a certain amount of time.
Mastering certain specialized skills can lead to a significant increase in pay.
Here are examples of skills and the potential impact they can have on a Licensed Broker's salary.
Integrity: Can increase your salary by up to 8%.
Active Listening: Can increase your salary by up to 8%.
Problem Solving: Can increase your salary by up to 6%.
Licensed Broker Salary: Hourly Rate, Weekly Pay, and Monthly Pay
Understanding how a Licensed Broker's annual salary breaks down can help with budgeting.
Below, you can see the average hourly rate, weekly pay, and monthly pay for this role.
Use the buttons to switch between different pay periods.
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Where Does Our Salary Data Come From?
Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources.
We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right.
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