Real Estate Broker salary in New Jersey
Real Estate Brokers in New Jersey earn a median of $111,390 a year ($53.55 an hour), based on BLS data for 1,290 workers.
Pay ranges from $47,750 for the lowest-paid 10% to $111,390 for the top 10%. That is 52% higher than the national median of $73,220. New Jersey ranks 1st of 36 states for real estate brokers pay, one of the best-paying states for this job. There are 0.30 real estate brokers per 1,000 jobs here — close to the national average. The average (mean) salary is $105,630, close to the median.
Pay range for real estate brokers in New Jersey
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $47,750 | $22.96 |
| 25th percentile | $100,500 | $48.32 |
| Median | $111,390 | $53.55 |
| 75th percentile | $111,390 | $53.55 |
| 90th percentile (top earners) | $111,390 | $53.56 |
| Average (mean) | $105,630 | $50.79 |
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 | $9,282.50 |
| Semi-monthly (24 a year) | $4,641.25 |
| Biweekly (26 a year) | $4,284.23 |
| Weekly | $2,142.12 |
| Hourly | $53.55 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Real Estate Broker salary in cities in New Jersey
| Metro area | Median salary | Workers |
|---|---|---|
| Atlantic City-Hammonton, NJ | $45,590 | 80 |
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 New Jersey
| Job | Median salary | Hourly |
|---|---|---|
| Sales and Related Workers, All Other | $74,520 | $35.83 |
| Sales Engineer | $139,010 | $66.83 |
| Demonstrators and Product Promoters | $36,420 | $17.51 |
| Telemarketer | $39,370 | $18.93 |
| Door-to-Door Sales Workers, News and Street Vendors, and Related Workers | $44,370 | $21.33 |
| Model | $60,520 | $29.10 |
| Real Estate Sales Agent | $99,990 | $48.07 |
| Cashier | $34,590 | $16.63 |
| Retail Salesperson | $36,520 | $17.56 |
| Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel | $79,200 | $38.08 |
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | $79,410 | $38.18 |
| First-Line Supervisors of Retail Sales Workers | $57,320 | $27.56 |
| Securities, Commodities, and Financial Services Sales Agents | $82,420 | $39.62 |
| Insurance Sales Agent | $81,640 | $39.25 |
More: Sales and Related Occupations · all salaries in New Jersey
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 New Jersey?
The median salary for real estate brokers in New Jersey is $111,390 a year, or $53.55 an hour. Pay ranges from $47,750 for the lowest-paid 10% to $111,390 for the top 10%.
How much do the highest-paid real estate brokers make in New Jersey?
The top 10% of real estate brokers in New Jersey earn at least $111,390 a year. The top 25% earn $111,390 or more.
What is the starting pay for real estate brokers in New Jersey?
Entry-level pay (the 10th percentile) is about $47,750 a year, and a quarter of real estate brokers earn $100,500 or less.
How many real estate brokers work in New Jersey?
About 1,290 real estate brokers are employed in New Jersey, not counting the self-employed.