What are the main factors that influence a Broker's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Broker's salary?

A Broker's salary grows with experience: an Insurance Broker Trainee (0-2 years)earns $64,072, an Broker (2-4 years)earns $87,959, an Insurance Senior Broker (4-7 years)earns $155,354, an Insurance Managing Broker (7+ years)earns $210,293, an Insurance Broker Executive (7+ years)earns $253,111,

What are the highest paying states for a Broker?

Broker salary varies significantly by state. The top 3 highest paying states for Broker roles are District of Columbia $97,840, California $97,469, Massachusetts $96,170. These tech hubs typically pay 10-15% above the national average.

How much do different types of Broker roles make?

Salaries for Broker level roles vary by specialization: Principal Broker: $201,583; Floor Broker: $180,691; Stock Broker: $164,429; Commodity Broker: $90,433; Insurance Broker: $86,529.

Broker Salary in Delaware

How much does a Broker make in Delaware?

As of May 18, 2021, the average salary for a Broker in Delaware is $89,693 per year, which breaks down to an hourly rate of $43.

However, a Broker's salary can vary significantly. Here’s a look at the typical salary range:

Top Earners (90th percentile): $114,473
Majority Range (25th-75th percentile): $80,015 to $102,664
Entry-Level (10th percentile): $71,204

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Broker Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$102,664	$8,555	$1,974	$49
Average	$89,693	$7,474	$1,725	$43
25th Percentile	$80,015	$6,668	$1,539	$38

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Key Factors That Influence Broker Salaries

A Broker's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

Levels	Salary
Insurance... Level Broker	$64,072
Broker Level Broker	$87,959
Insurance... Level Broker	$155,354
Insurance... Level Broker	$210,293
Insurance... Level Broker	$253,111

How Do Broker Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Brokers. For example, consider the average annual salaries in these key locations:

District of Columbia: $97,840.
California: $97,469.
Massachusetts: $96,170.

District of Columbia $97,840 California $97,469 Massachusetts $96,170 Washington $95,817 New Jersey $95,781 Alaska $95,658 Connecticut $94,438 New York $93,943

Hawaii $92,362 Rhode Island $91,619 Maryland $91,116 Minnesota $90,426 Colorado $90,161 Illinois $90,073 Oregon $89,737 Delaware $89,490

New Hampshire $89,334 Virginia $88,986 Pennsylvania $87,970 Nevada $87,457 North Dakota $87,289 Michigan $87,024 Wisconsin $86,927 Vermont $86,733

Texas $86,194 Maine $86,158 Arizona $86,105 Ohio $86,043 Georgia $85,230 Indiana $84,824 Wyoming $84,744 Utah $84,621

Iowa $84,568 Kansas $84,143 Louisiana $84,020 North Carolina $83,976 Missouri $83,958 Florida $83,613 Montana $83,428 Nebraska $83,251

Kentucky $83,154 South Carolina $82,800 Tennessee $82,579 Idaho $82,491 New Mexico $81,846 Oklahoma $81,705 Alabama $81,183 South Dakota $80,308

Arkansas $79,831 West Virginia $79,575 Mississippi $78,806

Top Paying Cities for Brokers

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

Lincoln: $92,618
Little Creek: $91,761
Magnolia: $92,141

Lincoln, DE $92,618 Little Creek, DE $91,761 Magnolia, DE $92,141 Milford, DE $92,618 Marydel, DE $91,416 Millsboro, DE $92,618 Millville, DE $93,237 Milton, DE $92,618

Nassau, DE $92,618 Ocean View, DE $93,237 Rehoboth Beach, DE $93,237 Seaford, DE $91,646 Selbyville, DE $93,237 Smyrna, DE $91,310 Viola, DE $92,141 Woodside, DE $91,876

Bear, DE $90,639 Newark, DE $90,674 Claymont, DE $90,745 Delaware City, DE $90,674 Hockessin, DE $90,745 Kirkwood, DE $90,674 Middletown, DE $91,125 Montchanin, DE $90,745

New Castle, DE $90,745 Odessa, DE $91,248 Port Penn, DE $90,426 Rockland, DE $90,745 Saint Georges, DE $90,674 Townsend, DE $91,116 Winterthur, DE $90,745 Lewes, DE $92,618

Wilmington, DE $90,745 Dover, DE $91,717 Dover Afb, DE $91,929 Bethany Beach, DE $93,237 Bethel, DE $91,646 Bridgeville, DE $92,618 Camden Wyoming, DE $91,814 Cheswold, DE $91,505

Clayton, DE $91,275 Dagsboro, DE $93,237 Delmar, DE $91,646 Ellendale, DE $92,618 Felton, DE $92,618 Fenwick Island, DE $93,237 Frankford, DE $93,237 Frederica, DE $92,618

Georgetown, DE $92,618 Greenwood, DE $92,618 Harbeson, DE $92,618 Harrington, DE $92,618 Hartly, DE $91,231 Houston, DE $92,618 Kenton, DE $91,275 Laurel, DE $91,646

Yorklyn, DE $90,745

Broker Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Broker's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on May 18, 2021

$80,015

Average $89,693/year

$102,664

$6,668

Average $7,474/month

$8,555

$1,539

Average $1,725/week

$1,974

$38

Average $43/hour

$49

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$102,664	$8,555	$1,974	$49
Average	$89,693	$7,474	$1,725	$43
25th Percentile	$80,015	$6,668	$1,539	$38

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