Principal Broker Salary in Cleveland, Ohio

Principal Broker Salary in Cleveland, OH

How much does a Principal Broker make in Cleveland, OH?

As of March 01, 2025, the average annual salary for a Principal Broker in Cleveland, OH is $231,565. According to Salary.com, salaries can range from a low of $145,194 to a high of $342,163, with most professionals earning between $186,355 and $289,456.

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Principal Broker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Principal Broker Salary $145,194 Cleveland,OH March 01, 2025
25th Percentile Principal Broker Salary $186,355 Cleveland,OH March 01, 2025
50th Percentile Principal Broker Salary $231,565 Cleveland,OH March 01, 2025
75th Percentile Principal Broker Salary $289,456 Cleveland,OH March 01, 2025
90th Percentile Principal Broker Salary $342,163 Cleveland,OH March 01, 2025
25% $186,355 10% $145,194 90% $342,163 75% $289,456 $231,565 50%(Median) Didn’t find job title? Click
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What is a Principal Broker ?

A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confused with that of an agent—one who acts on behalf of a principal party in a deal....

Source: Wikipedia (as of 04/18/2019). Read more from Wikipedia

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Job Openings for Principal Broker in Cleveland, OH

Career Path for this job

  1. Down a level:

    Insurance Senior Broker

    4 - 7 years experience
    Bachelor's Degree

  2. This Job:

    Principal Broker

    7 + years experience
    Bachelor's Degree

  3. Up a level:

    Insurance Broker Executive


    Bachelor's Degree

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Understand the total compensation opportunity for a Principal Broker, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
186355
289456
231565

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
204506
383093
265941
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Principal Broker in Cleveland, OH. The base salary for Principal Broker ranges from $186,355 to $289,456 with the average base salary of $231,565. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $204,506 to $383,093 with the average total cash compensation of $265,941.

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186355
289456

 

About Cleveland, Ohio    Cleveland (/ˈkliːvlənd/ KLEEV-lənd) is a major city in the U.S. state of Ohio, and the county seat of Cuyahoga County. The city proper has a populatio....More

Cleveland, Ohio  area prices were up 1.6% from a year ago

Principal Broker Salary in popular cities: Columbus, Cincinnati, Toledo

Recently searched related titles: Insurance Broker Manager

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role