Real Estate Broker Salary in Springfield, IL ()
Updated 49 days ago · 3 observed active listings
As you prepare to negotiate your salary as a Real Estate Broker in Springfield, it’s important to understand the dynamics at play in the local market. With a trimmed average salary of $71,987, the salary landscape is shaped by factors such as the concentration of real estate activity, the varying levels of experience in the field, and the competitive pressures stemming from the cost of living. The current salary distribution indicates a demand for brokers with diverse experience levels, influencing what employers are willing to offer.
Salary Distribution
Key Insights
- The wide P10–P90 spread ($20,000–$140,000) reflects a significant range of skill and experience among brokers, with entry-level positions starting at the lower end and seasoned professionals earning substantially more.
- The fact that the 25th percentile is $40,000 while the 75th percentile is $100,000 highlights a considerable gap in earnings, suggesting that employers are willing to pay a premium for brokers with proven success in closing deals and client management.
- Three active employers in the area, including Cushman & Wakefield and Vylla Home, indicate a concentration of competitive firms, which can drive salaries upward as they vie for top talent amid a limited pool of qualified candidates.
- The relatively low number of open positions (3) can suggest a stable market with less turnover, which often leads to more competitive offers for experienced brokers who can deliver results.
- The salary levels are also impacted by the cost of living in Springfield, necessitating higher offers to attract and retain skilled professionals amidst rising living expenses.
Current Real Estate Broker Jobs in Springfield
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Vylla Home · Springfield, Sangamon County$94,121 – $94,121
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Cushman & Wakefield · Springfield, Sangamon County$65,224 – $65,224
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Hanson Professional Services · Springfield, Sangamon County$50,773 – $50,773
Frequently Asked Questions
What is the average Real Estate Broker salary in Springfield, IL?
The average Real Estate Broker salary in Springfield, IL is $71,987 per year, with a range from $20,000 to $140,000.
How many Real Estate Broker jobs are available in Springfield?
There are currently 3 open Real Estate Broker positions in Springfield, IL.
What factors affect Real Estate Broker salaries in Springfield?
Real Estate Broker salaries in Springfield vary based on experience level, company size, industry sector, certifications, and demand. Cost of living in Springfield also plays a significant role in compensation levels.
Related Reading
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Career Intelligence — Real Estate Broker in Springfield
Dig deeper: purchasing power, market demand, career growth potential, and the skills that move salaries at each level.
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