Real Estate Brokers pay range in Memphis
New workers and the lowest-paid 10% earn about $31,740 a year or less, while the top 10% make $109,260 or more. The middle half of real estate brokers in Memphis earn between $38,900 and $75,530.
- $32K10th
- $39K25th
- $53KMedian
- $76K75th
- $109K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $61,480 | $5,123 | $29.56 |
| Median | $52,570 | $4,381 | $25.27 |
| Entry level (25th percentile) | $38,900 | $3,242 | $18.70 |
| Experienced (75th percentile) | $75,530 | $6,294 | $36.31 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Real Estate Brokers pay in Memphis vs. Tennessee and the U.S.
Real estate brokers in Memphis earn about the same as the Tennessee average ($62,910) and 27% less than the U.S. average ($83,950). At the median the gap is -28% against the U.S. median of $73,220.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Memphis | $61,480 | $52,570 | $31,740 | $109,260 | 80 |
| Tennessee | $62,910 | $60,150 | $33,560 | $108,370 | 540 |
| United States | $83,950 | $73,220 | $37,110 | $143,300 | 46,100 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Real Estate Brokers salary after taxes in Memphis
On the average salary of $61,480, a single filer in Memphis takes home about $51,579 a year, or $4,298 a month and $1,984 every two weeks. Taxes take 16% of gross pay.
The Memphis, TN-MS-AR metro area crosses state lines, so take-home pay depends on the state where you work:
| State | Per year | Per month |
|---|---|---|
| Working in TN | $51,579 | $4,298 |
| Working in MS | $49,852 | $4,154 |
| Working in AR | $49,792 | $4,149 |
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
Is Memphis a good place for real estate brokers? Pay vs. cost of living
Prices in the Memphis area are 8% below the U.S. average (BEA price parity 92.2), so the average $61,480 buys what about $66,696 would buy in a typical U.S. metro. This job pays 1.1 times the median wage of all jobs in Memphis ($46,890). A typical home costs $247,229, or 4.0 years of this average salary before tax.
Real Estate Brokers salary in other Tennessee cities
Memphis ranks 2nd of 4 Tennessee metro areas for this job; Nashville pays the most ($68,270).
Highest-paying cities for real estate brokers
Milwaukee, WI pays this job the most of the metro areas we cover ($137,160).
- Milwaukee, WI$137,160
- Durham, NC$134,280
- Charlotte, NC$126,750
- Los Angeles, CA$115,770
- Providence, RI$114,000
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Real Estate Brokers salary in Memphis: questions
How much do real estate brokers make an hour in Memphis?
$29.56 an hour on average, and $25.27 at the median (BLS, May 2025).
What is the entry-level real estate brokers salary in Memphis?
The lowest-paid 10% earn about $31,740 a year and the 25th percentile is $38,900, a fair guide to starting pay.
What is the real estate brokers take-home pay in Memphis?
About $51,579 a year ($4,298 a month) for a single filer on the average salary of $61,480. Tennessee has no state income tax.
Do real estate brokers earn more in Memphis than elsewhere?
The average here is 27% less than the U.S. average for this job ($83,950).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 41-9021; area Memphis, TN-MS-AR (32820). Relative standard error of the mean wage: 6.1%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
- Job concentration: location quotient 0.44, this job is less common than in the U.S. overall (location quotient 0.44).
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