Principal Broker Salary in Detroit, Michigan

Principal Broker Salary in Detroit, MI

How much does a Principal Broker make in Detroit, MI?

As of April 01, 2025, the average annual salary for a Principal Broker in Detroit, MI is $186,911. According to Salary.com, salaries can range from a low of $144,800 to a high of $248,744, with most professionals earning between $164,869 and $219,277.

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Principal Broker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Principal Broker Salary $144,800 Detroit,MI April 01, 2025
25th Percentile Principal Broker Salary $164,869 Detroit,MI April 01, 2025
50th Percentile Principal Broker Salary $186,911 Detroit,MI April 01, 2025
75th Percentile Principal Broker Salary $219,277 Detroit,MI April 01, 2025
90th Percentile Principal Broker Salary $248,744 Detroit,MI April 01, 2025
25% $164,869 10% $144,800 90% $248,744 75% $219,277 $186,911 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 Detroit, MI

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

 
 
 
164869
219277
186911

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
164869
219277
186911
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Principal Broker in Detroit, MI. The base salary for Principal Broker ranges from $164,869 to $219,277 with the average base salary of $186,911. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $164,869 to $219,277 with the average total cash compensation of $186,911.

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164869
219277

 

About Detroit, Michigan    Detroit (/dɪˈtrɔɪt/, locally also /ˈdiːtrɔɪt/; French: Détroit, lit. 'strait') is the largest and most populous city in the U.S. state of Michigan, th....More

Detroit, Michigan  area prices were up 1.2% from a year ago

Principal Broker Salary in popular cities: Grand Rapids, Warren, Sterling Heights

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