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Last updated: October 31, 2024
Real Estate Broker Salary
in Watertown, Massachusetts
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
$108,390 (USD)
Average Salary
$52/hr
Average Hourly
$21,255
Average Bonus
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Last updated: October 31, 2024
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Salary Recap
The average pay for a Real Estate Broker is $108,390 a year and $52 an hour in Watertown, Massachusetts, United States. The average salary range for a Real Estate Broker is between $60,265 and $135,487. On average, a High School Degree is the highest level of education for a Real Estate Broker. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Watertown, Massachusetts.
ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Find actuarial salary survey data and benchmark salary and pay.
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Education and Skills
Education and Skills
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Salary Potential
Salary Potential
Estimated salary in 2029:
$121,750
5 Year Change:
12 %
Shift Differentials
Shift Differentials
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About Watertown, Massachusetts
Watertown Cost of Living Score:
Description:
Watertown is a city in Middlesex County, Massachusetts, United States, part of Greater Boston. The population was 35,329 in the 2020 census. Its neighborhoods include Bemis, Coolidge Square, East Watertown, Watertown Square, and the West End.
Watertown was one of the first Massachusetts Bay Colony settlements organized by Puritan settlers in 1630. The city is home to the Perkins School for the Blind, the Armenian Library and Museum of America, and the historic Watertown Arsenal, which produced military armaments from 1816 through World War II.
Job Summary
Description:
- Buys and sells residential and commercial properties, or rents properties, and arranges loans, through a self-owned real estate business.
- Operates a real estate office, overseeing Real Estate Agents and transactions.
- Generates leads through canvassing, door-knocking, mailings, email blasts, compilation of data bases, cold-calling, and/or participating in community organizations.
- Generate lists of properties for sale, their locations and descriptions, and available financing options.
Real Estate Broker Job Listings for
No listings found
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Salary Recap
The average pay for a Real Estate Broker is $108,390 a year and $52 an hour in Watertown, Massachusetts, United States. The average salary range for a Real Estate Broker is between $60,265 and $135,487. On average, a High School Degree is the highest level of education for a Real Estate Broker. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Watertown, Massachusetts.
ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Find actuarial salary survey data and benchmark salary and pay.
Powered by ERI's Database
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsJob Statistics
Real Estate Broker Job Prevalence in the United States
Job family: Real Estate Brokers
Job family population: 51,350
Estimated population of Real Estate Broker jobs: 12,704
Rate of error: 12.9%
Take the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
About Watertown, Massachusetts
Watertown Cost of Living Score:
Description:
Watertown is a city in Middlesex County, Massachusetts, United States, part of Greater Boston. The population was 35,329 in the 2020 census. Its neighborhoods include Bemis, Coolidge Square, East Watertown, Watertown Square, and the West End.
Watertown was one of the first Massachusetts Bay Colony settlements organized by Puritan settlers in 1630. The city is home to the Perkins School for the Blind, the Armenian Library and Museum of America, and the historic Watertown Arsenal, which produced military armaments from 1816 through World War II.
Job Summary
Description:
- Buys and sells residential and commercial properties, or rents properties, and arranges loans, through a self-owned real estate business.
- Operates a real estate office, overseeing Real Estate Agents and transactions.
- Generates leads through canvassing, door-knocking, mailings, email blasts, compilation of data bases, cold-calling, and/or participating in community organizations.
- Generate lists of properties for sale, their locations and descriptions, and available financing options.
Real Estate Broker Job Listings for
No listings found
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsTake the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
You May Also Like
White Papers
National Compensation Forecast October 2024
ERI examines compensation trends and changes for the upcoming year to provide guidance on the expected salary increase for the upcoming year.
Read More
Remote Work, AI, and Compensation Best Practices Survey Results - Spring 2024
Learn how remote work and artificial intelligence changes how organizations approach labor and compensation practices.
Read More
Planning Global Compensation Budgets for 2025
Learn about current global salary trends and salary increases in 2024 to strategically inform your financial planning decision for the upcoming year.
Read More