Real Estate Broker salary in Madison, WI
Real Estate Brokers in the Madison, WI metro area earn a median of $66,680 a year ($32.06 an hour), based on BLS data for this job.
Pay ranges from $61,430 for the lowest-paid 10% to $118,980 for the top 10%. That is 9% lower than the national median of $73,220. The average (mean) salary is $84,910, above the median because a few high earners pull it up.
Pay range for real estate brokers in Madison, WI
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $61,430 | $29.54 |
| 25th percentile | $65,620 | $31.55 |
| Median | $66,680 | $32.06 |
| 75th percentile | $87,670 | $42.15 |
| 90th percentile (top earners) | $118,980 | $57.20 |
| Average (mean) | $84,910 | $40.82 |
Half of real estate brokers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $5,556.67 |
| Semi-monthly (24 a year) | $2,778.33 |
| Biweekly (26 a year) | $2,564.62 |
| Weekly | $1,282.31 |
| Hourly | $32.06 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Real Estate Broker salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Milwaukee-Waukesha, WI | $168,320 | 160 |
| Minneapolis-St. Paul-Bloomington, MN-WI | $61,890 | n/a |
Highest-paying states for real estate brokers
| State | Median salary |
|---|---|
| New Jersey | $111,390 |
| Connecticut | $105,800 |
| Utah | $92,830 |
| Washington | $82,790 |
| Alabama | $82,630 |
| Michigan | $82,510 |
| Maryland | $81,550 |
| California | $80,450 |
| New Mexico | $80,340 |
| Colorado | $79,970 |
Related jobs in Madison, WI
| Job | Median salary | Hourly |
|---|---|---|
| Real Estate Sales Agent | $62,440 | $30.02 |
| Sales Engineer | $119,900 | $57.64 |
| Sales and Related Workers, All Other | $57,930 | $27.85 |
| Demonstrators and Product Promoters | $39,070 | $18.78 |
| Retail Salesperson | $35,830 | $17.23 |
| Cashier | $34,550 | $16.61 |
| Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel | $65,840 | $31.66 |
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | $65,400 | $31.44 |
| First-Line Supervisors of Retail Sales Workers | $52,280 | $25.14 |
| Insurance Sales Agent | $80,700 | $38.80 |
| Counter and Rental Clerks | $47,300 | $22.74 |
| Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products | $90,680 | $43.60 |
| First-Line Supervisors of Non-Retail Sales Workers | $98,620 | $47.42 |
| Securities, Commodities, and Financial Services Sales Agents | $74,950 | $36.03 |
More: Sales and Related Occupations · all salaries in Madison, WI
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 41-9021. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a real estate broker make in Madison, WI?
The median salary for real estate brokers in the Madison, WI metro area is $66,680 a year, or $32.06 an hour. Pay ranges from $61,430 for the lowest-paid 10% to $118,980 for the top 10%.
How much do the highest-paid real estate brokers make in Madison, WI?
The top 10% of real estate brokers in the Madison, WI metro area earn at least $118,980 a year. The top 25% earn $87,670 or more.
What is the starting pay for real estate brokers in Madison, WI?
Entry-level pay (the 10th percentile) is about $61,430 a year, and a quarter of real estate brokers earn $65,620 or less.