Career Attributes

  • $52,944
  • 348,800
  • 3.1
  • 5.8%
  • High school diploma
  • Business Management And Administration
More Attributes

How much does a Real Estate Agent make in Michigan?

Average Real Estate Agent Yearly Salary in Michigan

Real Estate Agents earn an average yearly salary of $42,891. Salaries typically start from $19,043 and go up to $73,367.

Average Real Estate Agent Hourly Wage in Michigan

Real Estate Agents earn an average hourly wage of $20.62. Hourly wages typically start from $9.16 and go up to $35.27.

Source: Sokanu (Aggregated)

These numbers may vary depending on several factors, like level of education, amount of experience, industry, company size and location.

Learn more about the Real Estate Agent job market for salaries of real jobs in your area. Alternatively, see what Real Estate Agents earn in other states.

How much agents make depends on the number of transactions they complete, the commission paid to the brokerage, and their split with the sponsoring broker. It is very hard to make money as a real estate agent right away. Most first-year real estate agents earn very little at first, primarily because they are struggling to learn everything while they build a client base. Agents who are just starting out typically receive a low commission split while they learn the business (it is not unusual for a first-year agent to make about 50% of the commission paid to the broker).

Being a real estate agent is like running a business. It takes time and a lot of effort to build up a business. In the beginning, you have to work hard and get out of your comfort zone. Once you build up the business and get clients, business will come to you and you will not have to put as much effort into the business.

There are almost one million real estate agents in the United States. Income statistics can be very misleading because there are many part-time agents. The median income for a full-time real estate agent in 2012 was over $54,000. The median income is over $87,000 a year for those who work more than 60 hours per week. More than 21 percent of realtors make over $100,000 a year, which shows realtors can make a lot of money when they work full-time and have a plan.

Top producers earn a lot more than the average real estate agent. Each real estate office sets its own standards for top producers, but it's probably safe to say that a top producer would need to sell at least one home a month to qualify. Mega-stars earn $200,000 per year and up.

Employment Type Mix

67%
Full-Time
33%
Part-Time

Source: Sokanu user data. View more Real Estate Agent demographics

Salary Satisfaction

3.0
SCORE
2098
RATINGS
Real Estate Agents average a score of 3.0 out of 5 on our salary satisfaction scale. This places Real Estate Agents in the 54th percentile of salary satisfaction.

Source: Sokanu user data. View more Real Estate Agent satisfaction

How to Become a Real Estate Agent

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Real Estate Agent Earnings by Seniority

Top End Real Estate Agent Earnings

The highest earning Real Estate Agents in Michigan earn:

$35.27
an hour
$73,366.5
per year
Senior Real Estate Agent Earnings

Senior Real Estate Agents in Michigan earn:

$26.96
an hour
$56,080.9
per year
Experienced Real Estate Agent Earnings

Experienced Real Estate Agents in Michigan earn:

$17.59
an hour
$36,596.4
per year
Junior Real Estate Agent Earnings

Junior Real Estate Agents in Michigan earn:

$13.20
an hour
$27,462.5
per year
Starting Real Estate Agent Earnings

Starting Real Estate Agents in Michigan earn:

$9.16
an hour
$19,043.5
per year

Approximate values based on highest and lowest earning segments.

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Real Estate Agent Salary Comparison

Real Estate Agents earn more than 53% percent of similar careers in Michigan.

Executive Assistant Salary $45k
Sign Language Interpreter Salary $45k
Meter Reader Salary $44k
Hazardous Materials Removal Worker Salary $44k
Firefighter Salary $44k
Real Estate Agent Salary $42k
Clergy Salary $42k
Highway Maintenance Worker Salary $42k
Event Planner Salary $41k
Landscaper Salary $41k
Source: Sokanu (Aggregated)

Career Attributes

  • $52,944
  • 348,800
  • 3.1
  • 5.8%
  • High school diploma
  • Business Management And Administration
More Attributes