Real Estate Broker salary in New Mexico
Real Estate Brokers in New Mexico earn a median of $80,340 a year ($38.63 an hour), based on BLS data for this job.
Pay ranges from $61,360 for the lowest-paid 10% to $154,620 for the top 10%. That is 10% higher than the national median of $73,220. New Mexico ranks 9th of 36 states for real estate brokers pay. The average (mean) salary is $96,320, above the median because a few high earners pull it up.
Pay range for real estate brokers in New Mexico
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $61,360 | $29.50 |
| 25th percentile | $63,670 | $30.61 |
| Median | $80,340 | $38.63 |
| 75th percentile | $139,700 | $67.16 |
| 90th percentile (top earners) | $154,620 | $74.34 |
| Average (mean) | $96,320 | $46.31 |
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 | $6,695 |
| Semi-monthly (24 a year) | $3,347.50 |
| Biweekly (26 a year) | $3,090 |
| Weekly | $1,545 |
| Hourly | $38.63 |
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 Mexico
| Metro area | Median salary | Workers |
|---|---|---|
| Albuquerque, NM | $80,340 | 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 New Mexico
| Job | Median salary | Hourly |
|---|---|---|
| Demonstrators and Product Promoters | $29,110 | $14.00 |
| Real Estate Sales Agent | $76,170 | $36.62 |
| Sales and Related Workers, All Other | $35,610 | $17.12 |
| Sales Engineer | $119,420 | $57.41 |
| Retail Salesperson | $33,300 | $16.01 |
| Cashier | $30,120 | $14.48 |
| First-Line Supervisors of Retail Sales Workers | $46,550 | $22.38 |
| Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel | $61,880 | $29.75 |
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | $61,320 | $29.48 |
| Counter and Rental Clerks | $35,580 | $17.11 |
| Insurance Sales Agent | $45,180 | $21.72 |
| Securities, Commodities, and Financial Services Sales Agents | $60,850 | $29.25 |
| Parts Salesperson | $36,890 | $17.74 |
| Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products | $87,310 | $41.98 |
More: Sales and Related Occupations · all salaries in New Mexico
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 Mexico?
The median salary for real estate brokers in New Mexico is $80,340 a year, or $38.63 an hour. Pay ranges from $61,360 for the lowest-paid 10% to $154,620 for the top 10%.
How much do the highest-paid real estate brokers make in New Mexico?
The top 10% of real estate brokers in New Mexico earn at least $154,620 a year. The top 25% earn $139,700 or more.
What is the starting pay for real estate brokers in New Mexico?
Entry-level pay (the 10th percentile) is about $61,360 a year, and a quarter of real estate brokers earn $63,670 or less.