In Michigan, real estate agents are often the ones who have to pay a premium for agents in other parts of the state, and sometimes they do not get paid enough.
In 2017, a study by the National Association of Realtors found that, on average, agents in the Great Lakes region made $9,639 per year compared to $9.75 per year in the East, and $10.75 in the South.
In the Midwest, agents make about $14,000 less per year than their counterparts in other states, according to the study.
In the Great Lake region, the average annual salary for an agent in the region was $24,000.
In East Lansing, the median salary for a realtor was $30,000 and in Detroit, the area median was $26,000, according the study released last year.
For some, realtors in the area may not be as well compensated as agents in cities or other parts the state.
The study found that the median annual pay for a Michigan realtor in 2017 was $37,000 while the median pay in the West was $40,000 according to a 2015 report by the U.S. Bureau of Labor Statistics.
Realtors have also seen a decline in their compensation, according a recent study by The Washington Post.
In 2016, the bureau reported that average annual compensation for a full-time agent in Michigan was $47,000 compared to the $60,000 average for a non-tenure-track realtor.
In 2018, the national average was $50,000 for a fully-time full-timer agent, the study said.
The bureau said it did not include the wages of part-time agents.
The median salary of a full time agent in 2017 in the state was $52,000; the median was lower in 2017 than in 2016 and lower in 2018 than in 2019, according an analysis of Census data by the Bureau of Economic Analysis.
In addition to the wages, the state also pays part-timers an average of $4,000 per week in unemployment benefits, which can add up to nearly $25,000 in monthly bills.
In 2018, a part-timer who earned the median wage in the United States was paid $21,500 per year, according it’s report.
In general, agents work long hours and are expected to make more money.
In Michigan, the number of full-timters increased from 3,848 in 2013 to 6,814 in 2017, according The Washington Times.
The average full-TIME-TIMER earned $74,500, compared to a $48,000 median full- TIME-TIME earned in 2017.