Real Estate Brokers Salary in Memphis, TN-MS-AR
According to the latest U.S. Bureau of Labor Statistics data, the median annual wage for Real Estate Brokers in Memphis, TN-MS-AR is $52,570. BLS estimates approximately 80 people work in this occupation in Memphis, TN-MS-AR. Memphis, TN-MS-AR is 28.2% below the national median ($73,220).
Salary Distribution
Not everyone earns the median. Percentile wages show the range of pay within this occupation.
| Percentile | Annual wage | Hourly wage |
|---|---|---|
| 10th percentile | $31,740 | $15.26 |
| 25th percentile | $38,900 | $18.70 |
| Median (50th) | $52,570 | $25.27 |
| 75th percentile | $75,530 | $36.31 |
| 90th percentile | $109,260 | $52.53 |
Data Reliability
BLS OEWS is a survey, not a full census — every estimate carries a margin of error. The relative standard error (RSE) below is BLS’s own measure of how much an estimate could vary; lower is more precise.
- Wage estimate
- RSE 6.1% — Reliable
- Employment estimate
- RSE 35.6% — Low reliability
Where Does Your Salary Fall?
Enter an annual salary to see roughly where it falls among reported wages for this occupation, based on the percentile points above.
Concentration
- Jobs per 1,000
- 0.13
- Location quotient
- 0.44
Cost-of-Living Adjusted Salary
Memphis, TN-MS-AR’s regional price level is below the national average (index 92.179, where 100 = U.S. average). Adjusted for that, the median salary has the purchasing power of $57,030 at the national price level.
This is a Career Atlas USA calculation based on BLS wage data and BEA Regional Price Parities. It is not a separate BLS wage estimate. Wage data: May 2025. Cost-of-living data: 2024.
Sources
Wage data: BLS Occupational Employment and Wage Statistics (OEWS) — May 2025 (release 25).
Figures shown as “Not available” reflect wages the source does not publish (e.g. suppressed for reliability), not zero.