How much does a real estate broker make in Memphis?
$52,570a year
Median yearly pay for real estate brokers in the Memphis, TN-MS-AR metro area. That is $25.27 an hour or $4,381 a month.
- Hourly
- $25.27
- Vs. national median
- -28%
- Rank among cities
- 72 of 86
- Jobs in the area
- 80
Pay range
Lowest 10%: $31,740Median: $52,570Highest 10%: $109,300
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $31,740 | $15.26 | |
| 25th | $38,900 | $18.70 | |
| Median | $52,570 | $25.27 | |
| 75th | $75,530 | $36.31 | |
| 90th | $109,300 | $52.53 |
Other cities in Tennessee
Median yearly pay for real estate brokers.
| Nashville, TN | $62,350 |
| Knoxville, TN | $58,280 |
Related jobs in Memphis
Same field, median yearly pay.
| Sales Representative | $96,940 |
| First-Line Supervisors of Non-Retail Sales Worker | $81,120 |
| Sales Representative | $61,430 |
| Sales Representatives of Service | $59,140 |
| Security | $58,500 |
| Insurance Sales Agent | $51,570 |
| First-Line Supervisors of Retail Sales Worker | $49,010 |
| Real Estate Sales Agent | $46,490 |
| Advertising Sales Agent | $40,560 |
| Sale and Related Worker | $39,550 |
Frequently asked questions
How much does a real estate broker make an hour in Memphis?
The median hourly pay in the Memphis, TN-MS-AR metro area is $25.27 ($52,570 a year).
Do real estate brokers make more in Memphis than the national average?
No: $52,570 against $73,220 nationally, 28% less.
How does Memphis compare with the rest of Tennessee?
The median in Tennessee is $60,150, so Memphis pays 13% less.
Where does Memphis rank for real estate broker pay?
72 of 86 metro areas with data.
How much does a real estate broker make starting out in Memphis?
The lowest-paid 10% make $31,740 or less a year; the top 10% make $109,300 or more.
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS): pay in May 2025, published by BLS in 2026. Hourly pay is the yearly figure divided by 2,080 hours.