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Real Estate Agent Salary


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Real Estate Agent Salary

Real Estate Agent Salaries By Percentile
Percentile 10% 25% 50% 75% 90%
Hourly Wage $9.95 $13.21 $18.82 $30.43 $45.93
Annual Wage $20,700 $27,470 $39,140 $63,300 $95,540

How much does a real estate agent make? According to the U.S. Bureau of Labor Statistics, the median salary for for real estate agents was $39,140 in May 2012 and is based primarily on sales commission. This means that an agent doesn't earn any money until he or she sells a property.


A real estate agent salary depends on several factors. First, there is the housing market. When the process of buying and selling houses is slow due to the economy, real estate agents tend to make less money. In addition, experienced agents with an established clientele will make more than those just starting out in the field.


Another reason why some agents make more than others is the market they work in. Those agents who sell pricier properties will make a higher commission than those who send lower end properties. After a real estate agent has been working in the field for a year or more, depending on the state, he or she can apply to become a real estate broker. This means agents can work for themselves rather than having to work for a real estate company. Obtaining a broker's license can further increase an agent's pay, since the median real estate broker salary is $52,910.


Top Paying Industries

Industry Employment % of industry employment Hourly mean wage Annual mean salary
Securities and Commodity Contracts Intermediation and Brokerage 40 0.01 $47.64 $99,090
Support Activities for Mining 60 0.02 $42.11 $87,600
Oil and Gas Extraction 790 0.43 $37.83 $78,690
Federal Government 2,860 0.14 $36.51 $75,930
Wired Telecommunications Carriers 140 0.02 $36.28 $75,460

Top Paying States

State Hourly mean Wage Annual mean salary # Employed Employment/1000 jobs
New York $40.22 $83,660 16,480 1.93
District of Columbia $39.82 $82,830 630 0.97
Illinois $37.24 $77,470 5,230 0.93
Alaska $32.92 $68,480 190 0.59
New Mexico $31.11 $64,700 300 0.38

Salary By State

State 10% 25% Median 75% 90% Jobs (2010) Jobs (2020) Outlook
Alabama $19,600 $30,000 $47,100 $70,300 $97,900 3,830 4,190 +9%
Alaska $40,600 $56,600 $69,000 $81,500 $95,300 80 80 +12%
Arizona $18,800 $22,300 $28,200 $40,000 $62,000 - - -
Arkansas $17,400 $20,100 $29,400 $42,600 $68,800 1,750 1,910 +9%
California $22,400 $28,400 $38,500 $68,500 $97,300 29,400 34,700 +18%
Colorado $18,500 $27,300 $45,200 $63,500 $82,900 7,960 8,890 +12%
Connecticut $27,000 $36,200 $52,400 $62,000 $118,600 2,260 2,380 +6%
Delaware $25,100 $30,300 $42,500 $66,300 $119,200 1,380 1,760 +27%
District of Columbia $31,800 $40,400 $74,900 $100,900 $140,900 1,860 1,980 +7%
Florida $20,400 $25,000 $32,200 $45,300 $67,600 51,230 58,300 +14%
Georgia $20,400 $27,700 $39,300 $63,800 $101,300 16,660 19,120 +15%
Hawaii $25,900 $31,100 $48,300 $64,300 $89,000 760 860 +14%
Idaho $17,300 $20,700 $28,400 $38,600 $61,800 1,250 1,470 +17%
Illinois $20,100 $33,100 $55,700 $95,900 $175,100 9,060 10,110 +12%
Iowa $21,300 $26,600 $34,000 $61,700 $81,800 1,620 1,890 +17%
Kansas $18,400 $33,000 $39,400 $62,100 $75,100 1,160 1,240 +7%
Kentucky $17,600 $20,400 $29,700 $47,800 $71,200 3,670 4,280 +17%
Louisiana $21,200 $26,800 $35,100 $45,800 $69,000 2,510 2,760 +10%
Maine $18,200 $29,200 $38,100 $46,600 $63,800 470 510 +7%
Maryland $19,200 $27,900 $41,600 $58,700 $95,000 7,900 8,180 +4%
Massachusetts $32,300 $38,200 $52,300 $73,800 $92,200 5,400 5,620 +4%
Michigan $18,500 $24,900 $33,300 $58,300 $87,700 4,860 5,630 +16%
Minnesota $22,000 $27,200 $36,200 $57,300 $75,800 6,360 7,210 +13%
Mississippi $17,200 $19,900 $28,300 $43,500 $67,300 2,080 2,160 +4%
Missouri $20,500 $24,800 $31,800 $49,100 $71,100 7,120 7,630 +7%
Montana $18,500 $25,500 $36,800 $57,100 $73,700 1,290 1,280 -1%
Nebraska $19,100 $28,100 $39,900 $61,200 $87,000 1,190 1,300 +10%
Nevada $18,400 $24,400 $32,400 $60,700 $91,500 3,780 4,160 +10%
New Hampshire $20,700 $27,900 $36,200 $46,500 $76,200 880 960 +10%
New Jersey $25,100 $30,500 $37,100 $51,800 $78,600 4,270 4,600 +8%
New Mexico $27,100 $39,100 $65,100 $83,200 $105,700 1,040 1,160 +12%
New York $34,900 $45,900 $66,700 $102,600 $149,800 25,430 28,530 +12%
North Carolina $24,100 $29,500 $44,700 $64,800 $91,900 8,990 10,230 +14%
North Dakota $17,600 $21,500 $29,500 $42,200 $61,200 830 910 +10%
Ohio $19,700 $25,700 $34,400 $59,600 $90,900 6,800 7,340 +8%
Oklahoma $18,400 $22,900 $32,500 $52,000 $80,800 5,150 5,640 +9%
Oregon $21,000 $25,300 $34,000 $68,900 $89,900 8,320 9,170 0%
Pennsylvania $31,800 $39,000 $50,200 $64,700 $86,800 16,190 17,200 +6%
Rhode Island $28,200 $35,400 $55,200 $84,900 $96,600 850 920 +8%
South Carolina $18,500 $24,500 $33,200 $45,500 $62,800 6,440 7,230 +12%
South Dakota $32,900 $40,100 $48,500 $66,500 $86,400 430 520 +21%
Tennessee $20,300 $23,800 $29,300 $43,300 $74,300 - - -
Texas $18,600 $24,200 $33,500 $61,300 $103,300 35,810 42,130 +18%
Utah $19,100 $25,900 $37,000 $63,300 $95,700 5,240 6,610 +26%
Vermont - - - - - 460 500 +8%
Virginia $22,700 $30,100 $40,300 $60,400 $85,600 24,030 26,270 +9%
Washington $23,100 $27,900 $44,000 $62,400 $86,700 6,330 6,320 0%
West Virginia $19,100 $27,500 $33,300 $58,500 $86,800 490 500 +3%
Wisconsin $19,900 $26,200 $34,700 $55,200 $75,900 4,030 4,510 +12%
Wyoming $27,200 $42,100 $65,100 $85,500 $100,200 140 160 +11%

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