Principal Broker Salary in Norfolk, Virginia

Principal Broker Salary in Norfolk, VA

How much does a Principal Broker make in Norfolk, VA?

As of April 01, 2025, the average annual salary for a Principal Broker in Norfolk, VA is $175,305. According to Salary.com, salaries can range from a low of $135,809 to a high of $233,299, with most professionals earning between $154,632 and $205,661.

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Principal Broker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Principal Broker Salary $135,809 Norfolk,VA April 01, 2025
25th Percentile Principal Broker Salary $154,632 Norfolk,VA April 01, 2025
50th Percentile Principal Broker Salary $175,305 Norfolk,VA April 01, 2025
75th Percentile Principal Broker Salary $205,661 Norfolk,VA April 01, 2025
90th Percentile Principal Broker Salary $233,299 Norfolk,VA April 01, 2025
25% $154,632 10% $135,809 90% $233,299 75% $205,661 $175,305 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 Norfolk, VA

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

 
 
 
154632
205661
175305

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
154632
205661
175305
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Principal Broker in Norfolk, VA. The base salary for Principal Broker ranges from $154,632 to $205,661 with the average base salary of $175,305. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $154,632 to $205,661 with the average total cash compensation of $175,305.

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154632
205661

 

About Norfolk, Virginia    According to the United States Census Bureau, the city has a total area of 96 square miles (250 km2), of which 54 square miles (140 km2) is land and 4....More

Norfolk, Virginia  area prices were up 1.2% from a year ago

Principal Broker Salary in popular cities: Virginia Beach, Chesapeake, Richmond

Recently searched related titles: Insurance Broker Manager

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