Overview Salaries

Broker Salaries

Updated on Sep 14, 2026
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Salary

How much does a Broker make?

The average salary for a Broker is $85,298 per year in the US.
Yearly
Monthly
Weekly
Hourly
Graph depicting the yearly salary distribution for Broker positions, showing an average salary of $85,298 with varying distribution percentages across salary ranges.
Graph depicting the monthly salary distribution for Broker positions, showing an average salary of $85,298 with varying distribution percentages across salary ranges.
Graph depicting the weekly salary distribution for Broker positions, showing an average salary of $85,298 with varying distribution percentages across salary ranges.
Graph depicting the hourly salary distribution for Broker positions, showing an average salary of $85,298 with varying distribution percentages across salary ranges.

A Broker's salary can vary based on their experience and the industry they work in. On average, Brokers earn about $85,298 a year. Some Brokers may earn more, while others may earn less. It all depends on the type of clients they have and the deals they make.

Brokers in the top 10% of earners make more than $155,275 a year. This includes top-performing individuals who handle large and important deals. They usually have a lot of experience and a strong network. Beginners might earn less as they learn the trade. But with time and experience, the earning potential grows significantly.

Here are some key points to know:

  • The lowest-paid Brokers earn around $33,256 a year.
  • Most Brokers earn between $50,688 and $102,981 annually.
  • The highest-paid Brokers earn more than $190,138 a year.
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What are the highest paying cities for a Broker?

San Francisco tops the list with the highest average salary for brokers at $151,814 annually. Tampa follows closely with an average salary of $130,417. Cincinnati, Philadelphia, and Houston offer competitive salaries as well, making them attractive locations for brokers seeking high earnings. Brokers in these cities can expect attractive compensation packages. Los Angeles, Austin, Seattle, and Miami also provide good opportunities with competitive average salaries. These locations show a strong demand for skilled brokers, offering them the chance to earn well while pursuing their careers.
Graph displaying highest paying cities salaries for Broker jobs, highlighting San Francisco, CA with the highest at $151,814 and Miami, FL with the lowest at $109,837.

  1. San Francisco, CA
    Average Salary: $151,814
    In San Francisco, professionals find a dynamic job market. The tech sector, led by companies like Charles Schwab, drives demand for brokers. Networking and adaptability are key in this vibrant city.
    Find Broker jobs in San Francisco, CA


  2. Tampa, FL
    Average Salary: $130,417
    Tampa offers a warm climate and a growing job market. Companies such as Raymond James Financial attract brokers. This city balances professional growth with a friendly environment.
    Find Broker jobs in Tampa, FL


  3. Cincinnati, OH
    Average Salary: $126,305
    Cincinnati provides a rich history and a thriving business scene. Major employers like Morgan Stanley create numerous opportunities. Brokers benefit from the city's strong sense of community.
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  4. Philadelphia, PA
    Average Salary: $124,422
    Philadelphia combines rich history with modern industry. Employers like Vanguard Group offer solid career paths. This city values dedication and hard work, rewarding brokers with good opportunities.
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  5. Houston, TX
    Average Salary: $121,537
    Houston's economy thrives on energy and healthcare. Companies like Goldman Sachs attract skilled brokers. The city's fast-paced environment offers plenty of growth chances.
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  6. Chicago, IL
    Average Salary: $118,711
    Chicago offers a robust job market with major firms like Merrill Lynch. Brokers here benefit from a strong financial sector and diverse opportunities. The city's energetic atmosphere is perfect for driven professionals.
    Find Broker jobs in Chicago, IL


  7. Los Angeles, CA
    Average Salary: $116,139
    Los Angeles boasts a bustling economy. Firms like Wells Fargo provide numerous openings for brokers. This city's diverse market offers excellent prospects for growth and success.
    Find Broker jobs in Los Angeles, CA


  8. Austin, TX
    Average Salary: $115,919
    Austin combines innovation with a vibrant lifestyle. Companies like Edward Jones offer great positions. The city's friendly environment makes it a top choice for career development.
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  9. Seattle, WA
    Average Salary: $114,728
    Seattle's tech-savvy atmosphere attracts top talent. Major players like Fidelity Investments seek skilled brokers. This city offers a mix of professional growth and quality of life.
    Find Broker jobs in Seattle, WA


  10. Miami, FL
    Average Salary: $109,837
    Miami's warm climate and diverse economy provide excellent opportunities. Companies like BNY Mellon look for talented brokers. The city's lively atmosphere supports professional and personal growth.
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What are the best companies a Broker can work for?

Looking to secure a lucrative role as a broker? Companies like Guy Carpenter offer top-tier salaries, averaging $202,078. Ryan Specialty and Risk Placement Services, Inc. follow closely, providing competitive compensation packages. These firms can provide a rewarding career with excellent financial benefits.
Graph displaying best paying company salaries for Broker jobs, highlighting Guy Carpenter with the highest at $202,078 and VIPcare with the lowest at $69,364.

  1. Guy Carpenter
    Average Salary: $202,078
    Guy Carpenter is a top firm for Brokers. They offer jobs in risk management and insurance. Their offices are in many places like New York, London, and Hong Kong. Brokers here work on tricky insurance issues for big clients.


  2. Ryan Specialty
    Average Salary: $116,253
    Ryan Specialty provides jobs for Brokers who want to specialize in insurance. They have offices in Chicago, Denver, and Detroit. Brokers at Ryan Specialty work on different types of insurance for businesses.


  3. Risk Placement Services, Inc.
    Average Salary: $101,384
    Risk Placement Services, Inc. offers jobs for Brokers who focus on risk management. They have offices in Minneapolis and Madison. Brokers here work on managing risks for their clients.


  4. CRC GROUP INC
    Average Salary: $101,081
    CRC GROUP INC is a firm where Brokers can find rewarding jobs. They have offices in Chicago and New York. Brokers at CRC GROUP INC deal with insurance and risk management for their clients.


  5. Windermere Real Estate
    Average Salary: $94,000
    Windermere Real Estate offers jobs for Brokers in the real estate sector. They have offices in Florida and New York. Brokers here work on real estate transactions and advising clients.


  6. Molina Healthcare
    Average Salary: $91,798
    Molina Healthcare provides jobs for Brokers in the healthcare insurance sector. They have offices in many places like Washington and California. Brokers at Molina work on healthcare plans for their clients.


  7. NFP, an Aon company
    Average Salary: $86,967
    NFP, an Aon company, offers jobs for Brokers in insurance and risk management. They have offices in Atlanta and Boston. Brokers here work on a variety of insurance needs for businesses.


  8. Amwins
    Average Salary: $79,930
    Amwins provides jobs for Brokers who focus on insurance and risk management. They have offices in Chicago and New York. Brokers at Amwins work on different types of insurance for businesses.


  9. USI Insurance Services
    Average Salary: $72,804
    USI Insurance Services offers jobs for Brokers who specialize in insurance. They have offices in many places like New York and San Francisco. Brokers here work on insurance solutions for their clients.


  10. VIPcare
    Average Salary: $69,364
    VIPcare provides jobs for Brokers in the healthcare sector. They have offices in Florida. Brokers at VIPcare work on healthcare plans and services for their clients.

How to earn more as a Broker?

Becoming a successful broker often means earning more by understanding key factors that can boost income. A broker can increase earnings through various strategies. One of the most effective ways is by specializing in a niche market. This allows a broker to offer unique services that cater to specific client needs, often commanding higher fees. Another factor is building a strong network of clients and partners. The more connections a broker has, the more business opportunities they can access.

Additionally, leveraging technology can enhance a broker's efficiency and reach. Using online platforms to market services and manage transactions can save time and reduce costs. Continuous education and staying updated with industry trends also play a crucial role. A broker who invests in their professional development can provide better advice and services, which can lead to higher client satisfaction and retention. Finally, maintaining a professional and ethical reputation can significantly impact a broker's income. Clients are more likely to trust and refer a broker who demonstrates integrity and excellence.

Here are five key factors to help a broker earn more:

  1. Specializing in a niche market
  2. Building a strong network of clients and partners
  3. Leveraging technology for efficiency
  4. Continuous education and staying updated with industry trends
  5. Maintaining a professional and ethical reputation

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