Principal Broker Salary in Memphis, Tennessee

Principal Broker Salary in Memphis, TN

How much does a Principal Broker make in Memphis, TN?

As of March 01, 2025, the average annual salary for a Principal Broker in Memphis, TN is $220,953. According to Salary.com, salaries can range from a low of $138,541 to a high of $326,483, with most professionals earning between $177,815 and $276,192.

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Principal Broker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Principal Broker Salary $138,541 Memphis,TN March 01, 2025
25th Percentile Principal Broker Salary $177,815 Memphis,TN March 01, 2025
50th Percentile Principal Broker Salary $220,953 Memphis,TN March 01, 2025
75th Percentile Principal Broker Salary $276,192 Memphis,TN March 01, 2025
90th Percentile Principal Broker Salary $326,483 Memphis,TN March 01, 2025
25% $177,815 10% $138,541 90% $326,483 75% $276,192 $220,953 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 Memphis, TN

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

 
 
 
177815
276192
220953

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
195135
365538
253754
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Principal Broker in Memphis, TN. The base salary for Principal Broker ranges from $177,815 to $276,192 with the average base salary of $220,953. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $195,135 to $365,538 with the average total cash compensation of $253,754.

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177815
276192

 

About Memphis, Tennessee    Memphis is a city located along the Mississippi River in southwestern Shelby County, Tennessee, United States. The 2017 city population was 652,236, m....More

Memphis, Tennessee  area prices were up 1.3% from a year ago

Principal Broker Salary in popular cities: Nashville, Knoxville, Chattanooga

Recently searched related titles: Insurance Broker Manager

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