Real Estate Broker salary in Richmond, VA
Real Estate Brokers in the Richmond, VA metro area earn a median of $75,300 a year ($36.20 an hour), based on BLS data for this job.
Pay ranges from $51,530 for the lowest-paid 10% to $159,370 for the top 10%. That is 3% higher than the national median of $73,220. Pay here is 3% lower than the Virginia statewide median of $77,270. The average (mean) salary is $97,680, above the median because a few high earners pull it up.
Pay range for real estate brokers in Richmond, VA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $51,530 | $24.78 |
| 25th percentile | $52,850 | $25.41 |
| Median | $75,300 | $36.20 |
| 75th percentile | $131,820 | $63.38 |
| 90th percentile (top earners) | $159,370 | $76.62 |
| Average (mean) | $97,680 | $46.96 |
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 | $6,275 |
| Semi-monthly (24 a year) | $3,137.50 |
| Biweekly (26 a year) | $2,896.15 |
| Weekly | $1,448.08 |
| Hourly | $36.20 |
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 |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $87,670 | n/a |
| Harrisonburg, VA | $84,590 | n/a |
| Virginia Beach-Chesapeake-Norfolk, VA-NC | $70,800 | 390 |
| Kingsport-Bristol, TN-VA | $45,250 | 40 |
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 |
See Real Estate Broker pay in every state or the Virginia statewide figures.
Related jobs in Richmond, VA
| Job | Median salary | Hourly |
|---|---|---|
| Demonstrators and Product Promoters | $36,070 | $17.34 |
| Sales and Related Workers, All Other | $37,890 | $18.22 |
| Real Estate Sales Agent | $64,850 | $31.18 |
| Sales Engineer | $101,210 | $48.66 |
| Retail Salesperson | $33,580 | $16.14 |
| Cashier | $30,350 | $14.59 |
| Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel | $61,510 | $29.57 |
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | $63,180 | $30.37 |
| First-Line Supervisors of Retail Sales Workers | $48,380 | $23.26 |
| Securities, Commodities, and Financial Services Sales Agents | $73,500 | $35.34 |
| Counter and Rental Clerks | $46,520 | $22.36 |
| Insurance Sales Agent | $62,330 | $29.97 |
| First-Line Supervisors of Non-Retail Sales Workers | $99,960 | $48.06 |
| Parts Salesperson | $38,320 | $18.42 |
More: Sales and Related Occupations · all salaries in Richmond, VA
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 Richmond, VA?
The median salary for real estate brokers in the Richmond, VA metro area is $75,300 a year, or $36.20 an hour. Pay ranges from $51,530 for the lowest-paid 10% to $159,370 for the top 10%.
How much do the highest-paid real estate brokers make in Richmond, VA?
The top 10% of real estate brokers in the Richmond, VA metro area earn at least $159,370 a year. The top 25% earn $131,820 or more.
What is the starting pay for real estate brokers in Richmond, VA?
Entry-level pay (the 10th percentile) is about $51,530 a year, and a quarter of real estate brokers earn $52,850 or less.