Average Real Estate Agent Salary in United States for 2024

In this article, we will look at the average Real Estate Agent salary for 2024 in United States and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Real Estate Agent Make in United States?

A Real Estate Agent working in United States will typically earn around 87,000 USD per year, and this can range from the lowest average salary of about 43,100 USD to the highest average salary of 130,400 USD.

Average Annual Salary
87,000 USD
Average Monthly Salary
7,250 USD

Lowest Annual Salary
43,100 USD
Lowest Monthly Salary
3,591 USD

Highest Annual Salary
130,400 USD
Highest Monthly Salary
10,866 USD

These are average salaries for a Real Estate Agent in United States and include benefits such as housing and transport. It's also possible for a Real Estate Agent to earn more or less than the average salaries shown above.

Real Estate Agent salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Real Estate Agent Salaries in United States

So we've looked at the average salaries a Real Estate Agent will earn in United States. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Real Estate Agent can earn between 43,100 USD and 130,400 USD on average in United States. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Real Estate Agent in United States is 81,300 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 81,300 USD, and 50% of the population earn more than 81,300 USD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Real Estate Agent salary in United States, 25% of the population are earning less than 57,800 USD while 75% of the population earn more than 57,800 USD.

75% of the population earn less than 102,700 USD, and 25% of the population earn more than 102,700 USD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Real Estate Agent Salary by Experience Level in United States

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average real estate agent salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Real Estate Agent in United States that has less than two years of experience can expect to earn somewhere in the region of 49,300 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate Agent salary would increase to 70,000 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate Agent, the average salary would be 87,900 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 109,000 USD.
  • 15 - 20 Years Experience. A Real Estate Agent with 15 to 20 years of experience can earn an average of 117,100 USD.
  • 20+ Years Experience. For a Real Estate Agent with more than 20 years, the expected average salary increases to 125,400 USD.

Average Salary by Experience Chart

0-2 Years
49,300 USD
2-5 Years +34%
70,000 USD
5-10 Years +30%
87,900 USD
10-15 Years +21%
109,000 USD
15-20 Years +9%
117,100 USD
20+ Years +5%
125,400 USD

Real Estate Agent Salary by Education Level in United States

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Real Estate Agent in United States based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Real Estate Agent in United States with a high school education can earn an average salary of 61,300 USD.

  • Certificate or Diploma. A Real Estate Agent in United States with a certificate or diploma education can earn an average salary of 86,100 USD.

  • Bachelor's Degree. A Real Estate Agent in United States with a bachelor's degree education can earn an average salary of 119,700 USD.

Average Salary by Education Chart

High School
61,300 USD
Certificate or Diploma +43%
86,100 USD
Bachelor's Degree +38%
119,700 USD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in United States is around 39,500 to 118,000 USD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Real Estate Agent Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In United States, a male real estate agent will earn an average of 88,600 USD, while a female real estate agent will earn around 85,100 USD.

This means that a male real estate agent earns approximately 4% more than a female real estate agent for performing the same job.

Average Salary by Gender Chart in United States

Male
88,600 USD
Female -4%
85,100 USD

Real Estate Agent Average Pay Raise in United States

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Real Estate Agent in United States is around 11% every 16 months.

The national average pay raise across all professions and industries in United States is around 8% every 16 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 16 ) × 12  = 8%

What this means is that a Real Estate Agent in United States can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in United States for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in United States.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Real Estate Agent Bonus and Incentive Rates in United States

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Real Estate Agent is a high bonus based job, with 79% of employees reporting at least one bonus in the last 12 months.

21% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%.

Received Bonus
79%
No Bonus
21%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in United States earn approximately 6% more than private sector employees in the same role.

Public Sector
98,800 USD
Private Sector -6%
93,100 USD

Salaries for Jobs Similar to a Real Estate Agent

In the table below, we have salary information for jobs that are similar to a Real Estate Agent in United States.

Job Title Category Salary
Acquisition Associate Real Estate 76,900 USD
Assistant Leasing Manager Real Estate 107,700 USD
Assistant Property Manager Real Estate 100,700 USD
Brokerage Real Estate 79,600 USD
Brokerage Clerk Real Estate 41,300 USD
Commercial Leasing Manager Real Estate 167,100 USD
Commercial Real Estate Manager Real Estate 163,800 USD
Community Development Manager Real Estate 150,100 USD
Compliance Specialist Real Estate 80,200 USD
Development Coordinator Real Estate 80,300 USD
Director of Real Estate Real Estate 177,100 USD
Lease Administrator Real Estate 105,800 USD
Leasing Agent Real Estate 84,600 USD
Leasing Consultant Real Estate 93,600 USD
Leasing Manager Real Estate 114,600 USD
Lettings Assistant Real Estate 41,700 USD
Portfolio Analyst Real Estate 137,100 USD
Portfolio Manager Real Estate 192,600 USD
Property Acquisition Agent Real Estate 74,100 USD
Property and Claims Specialist Real Estate 102,700 USD
Property Manager Real Estate 118,900 USD
Property Operations Manager Real Estate 165,900 USD
Property Tax Assistant Real Estate 78,900 USD
Real Estate Administrator Real Estate 91,700 USD
Real Estate Analyst Real Estate 105,200 USD
Real Estate Appraiser Real Estate 83,700 USD
Real Estate Appraiser Real Estate 84,500 USD
Real Estate Appraiser Real Estate 87,300 USD
Real Estate Assistant Real Estate 78,200 USD
Real Estate Association Manager Real Estate 108,200 USD
Real Estate Broker Real Estate 74,700 USD
Real Estate General Manager Real Estate 164,100 USD
Real Estate Project Director Real Estate 160,600 USD
Real Estate Project Manager Real Estate 138,700 USD
Real Estate Sales Agent Real Estate 84,300 USD
Real Estate Valuer Real Estate 83,300 USD
Research Analyst Real Estate 74,300 USD
Residential Advisor Real Estate 92,900 USD
Residential Property Manager Real Estate 115,600 USD
Shopping Center Manager Real Estate 172,200 USD
Town Planner Real Estate 161,300 USD

Salary Comparison by City

If you want to compare salaries with different cities in United States, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Atlanta 81,300 USD
Austin 91,600 USD
Baltimore 83,800 USD
Boston 87,300 USD
Bristol 71,200 USD
Chicago 94,200 USD
Cincinnati 68,500 USD
Cleveland 76,000 USD
Dallas 99,100 USD
Denver 85,100 USD
Detroit 87,300 USD
Honolulu 68,800 USD
Houston 103,600 USD
Indianapolis 88,600 USD
Iowa City 69,400 USD
Jacksonville 95,300 USD
Kansas City 80,900 USD
Kent 71,400 USD
Las Vegas 81,900 USD
Long Beach 78,700 USD
Los Angeles 97,900 USD
Memphis 83,300 USD
Miami 75,900 USD
Minneapolis 75,800 USD
New Orleans 76,000 USD
New York 99,700 USD
Oakland 72,700 USD
Oklahoma City 83,800 USD
Orlando 73,100 USD
Philadelphia 97,400 USD
Phoenix 95,000 USD
Sacramento 78,200 USD
San Antonio 96,000 USD
San Diego 100,500 USD
San Francisco 95,100 USD
San Jose 92,500 USD
Seattle 86,300 USD
Tampa 74,900 USD
Vancouver 72,700 USD
Washington D.C. 84,600 USD

Salary Comparison by State

The table below includes links to the average salary for each state in United States.

City Average Salary
Alabama 83,000 USD
Alaska 75,800 USD
Arizona 86,100 USD
Arkansas 86,400 USD
California 92,100 USD
Colorado 86,800 USD
Connecticut 81,300 USD
Delaware 78,700 USD
District of Columbia 71,900 USD
Florida 98,100 USD
Georgia 89,400 USD
Hawaii 79,800 USD
Idaho 76,900 USD
Illinois 96,600 USD
Indiana 88,300 USD
Iowa 83,700 USD
Kansas 81,300 USD
Kentucky 88,600 USD
Louisiana 84,500 USD
Maine 81,300 USD
Maryland 85,700 USD
Massachusetts 92,200 USD
Michigan 88,700 USD
Minnesota 90,900 USD
Mississippi 81,000 USD
Missouri 91,200 USD
Montana 75,900 USD
Nebraska 84,900 USD
Nevada 81,000 USD
New Hampshire 81,600 USD
New Jersey 90,900 USD
New Mexico 86,100 USD
New York 93,900 USD
North Carolina 85,700 USD
North Dakota 73,300 USD
Ohio 89,300 USD
Oklahoma 83,800 USD
Oregon 78,700 USD
Pennsylvania 92,200 USD
Rhode Island 74,000 USD
South Carolina 87,400 USD
South Dakota 71,400 USD
Tennessee 89,200 USD
Texas 90,600 USD
Utah 79,600 USD
Vermont 73,100 USD
Virginia 92,300 USD
Washington 84,800 USD
West Virginia 79,500 USD
Wisconsin 85,100 USD
Wyoming 74,600 USD

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