SOC 41-9021 · May 2025 · BLS OEWS
Real Estate Brokers — Richmond
Richmond, VA · 2 metro areas compared
The median wage for Real Estate Brokers in Richmond, VA is $75,300 per year, close to the national median of $73,220 for the same occupation.
Wage distribution · annual
Shaded band holds the middle 50% of earners
How pay has moved
The next ten years
Projected to grow about as fast as average
- Change in jobs, 2024 to 2034
- +3.3%
- Openings per year
- 9,700
- Typical entry-level education
- High school diploma or equivalent
- Related work experience
- Less than 5 years
Includes jobs opened by workers leaving the occupation, not only new positions.
54.5% of people in this occupation work for themselves.
Projections are published nationally only. This is the outlook for the occupation across the United States, not a measurement for Richmond, VA.
Projections are based on 2024 employment and run to 2034. The wages above are from the May 2025 survey, a separate BLS programme on a different release cycle, so the two are not two views of one dataset.
Salary overview
The median wage for Real Estate Brokers in Richmond, VA is $75,300 per year, close to the national median of $73,220 for the same occupation. Pay ranges from under $51,530 at the tenth percentile to more than $159,370 at the ninetieth, with the interquartile range running from $52,850 to $131,820.
Harrisonburg leads the state's metro areas for this occupation, at $84,590. Set against every other occupation measured in the same area, it ranks 199th of 593 by median pay.
Percentile breakdown
| Percentile | Annual | vs US median |
|---|---|---|
| 10th | $51,530 | −29.6% |
| 25th | $52,850 | −27.8% |
| Median (50th) | $75,300 | +2.8% |
| 75th | $131,820 | +80.0% |
| 90th | $159,370 | +117.7% |
| Mean | $97,680 | +33.4% |
Other metro areas in Virginia
| # | Metro area | Median | Jobs | Relative |
|---|---|---|---|---|
| 1 | Harrisonburg | $84,590 | — | |
| 2 | Virginia Beach | $70,800 | 390 |
What the pay is worth locally
Prices in Richmond run 2.1% below the national average, so the median of $75,300 goes as far as $76,915 would elsewhere in the country. Measured that way it compares to the national median at 5.0% above the national median in real terms.
Published median
$75,300as reported by BLSLocal price level
97.9US average = 100 · BEA 2024Adjusted for local prices
$76,915US average = 100 · BEA 2024Why the state that pays most is usually not where pay goes furthest
Key takeaways
- Median pay is $75,300 a year, 2.8% above the national median.
- Published pay spans $51,530 to $159,370 between the tenth and ninetieth percentiles.
- The highest-paying metro area covered is Harrisonburg, at $84,590.
Frequently asked questions
What is the median wage for Real Estate Brokers in Richmond, VA?
The median annual wage is $75,300, or $36.20 per hour, as of May 2025. Half of the workers in this occupation earn more than that and half earn less.
Is that higher than the national average?
The national median for this occupation is $73,220, so pay in Richmond, VA is 2.8% higher. These figures are medians, not averages: half of workers fall on each side.
What do the top earners make?
The top tenth of this occupation in Richmond, VA earns more than $159,370 per year. The ninetieth percentile is the highest figure the survey publishes.
What is the starting range?
The tenth percentile wage is $51,530 per year. The survey measures wages actually paid rather than experience level, so this reflects the lowest-paid tenth rather than entry-level pay specifically.
Which area nearby pays the most?
The highest median for this occupation among the metro areas covered is in Harrisonburg, at $84,590 per year.
Source and methodology
U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 Wages are for wage-and-salary workers; self-employed workers are not included. Salary Explorer is an independent project. It is not affiliated with, or endorsed by, the U.S. Bureau of Labor Statistics or any government agency. Full methodology.
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