Mortgage and Nonmortgage Loan Brokers — Average Employee Salary
The average employee in the mortgage and nonmortgage loan brokers industry earns $105,948 per year ($50.94/hour), according to Bureau of Labor Statistics QCEW data.
What Do Mortgage and Nonmortgage Loan Brokers Workers Earn?
At $105,948/year (equivalent to $50.94/hour for a full-time worker), mortgage and nonmortgage loan brokers wages are significantly above the national average of ~$65,000.
Higher wages in this industry typically reflect specialized skills, professional certifications, or technical expertise required for the work. Employers competing for talent in this space face elevated labor costs.
The typical mortgage and nonmortgage loan brokers business employs 5 people. Most operations are small — often owner-operated with a handful of staff. Labor costs are manageable relative to revenue.
Wages as a Percentage of Revenue
For the average mortgage and nonmortgage loan brokers business generating $3.3M/year with 5 employees at $105,948 each, total payroll represents roughly 16.0% of revenue. Labor costs are relatively low compared to revenue — other costs (materials, equipment, overhead) dominate.
What This Means for Business Owners
If you're starting or running a mortgage and nonmortgage loan brokersbusiness, here's what the wage data means for your bottom line:
- Per-employee cost: Budget approximately $137,732/year per employee (salary + ~30% for benefits, taxes, and insurance).
- Typical team size: 5 employees = ~$529,740/year in base payroll.
- Hourly equivalent: $50.94/hour base — factor this into pricing and project estimates.
- Revenue needed: With average revenue of $3.3M/business, you need strong utilization rates to maintain healthy margins after payroll.
See how these wages compare to total revenue and profit margins.
View full Mortgage and Nonmortgage Loan Brokers revenue benchmarks →Frequently Asked Questions
- How much do mortgage and nonmortgage loan brokers employees make?
- The average mortgage and nonmortgage loan brokers employee earns $105,948 per year, which is equivalent to $50.94/hour for a full-time worker (2,080 hours/year). This is above the national average of approximately $65,000.
- How many people work in the mortgage and nonmortgage loan brokers industry?
- The mortgage and nonmortgage loan brokers industry employs 86,531 workers across 17,617 establishments in the United States. The average business in this industry has approximately 5 employees.
Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW 2023).