How Much Real Estate Agents Earn In Every State In 2023


With mortgage rates higher than they had been in the recent past, plus high home prices and tightening available inventory, America’s real estate market has put prospective homebuyers in a difficult spot.

Despite all this, housing markets across the country have remained very active. And, as a result, real estate agents and brokers have remained busy. With home prices, on average, considerably higher than in pre-pandemic days, one wonders how much real estate agents and brokers are making these days. How much money real estate agents make per year depends on several factors, including not just the price of the home, but also the number of real estate transactions and commission fees.

Using occupational data from the Bureau of Labor Statistics (BLS), we’ve analyzed and compiled a round-up of the average real estate agent salary in each U.S. state for 2023.

Read on for a full breakdown of where real estate agents make the most money, and where they’re making the least.

10 States Where Real Estate Agents Earn the Most Money

The national average annual wage of a real estate sales agent is $65,850, according to the BLS. That makes the average real estate agent salary slightly higher than the average annual wage for All Occupations, $61,900. Here’s a breakdown of the top 10 states in which real estate agents earn the most:

1. New Hampshire

Real estate agent average salary: $94,810

2. New York

Real estate agent average salary: $93,950

3. New Jersey

Real estate agent average salary: $82,090

4. Colorado

Real estate agent average salary: $79,610

5. Massachusetts

Real estate agent average salary: $79,060

6. California

Real estate agent average salary: $77,430

7. Texas

Real estate agent average salary: $77,320

8. Wyoming

Real estate agent average salary: $74,820

9. Nevada

Real estate agent average salary: $73,990

10. Mississippi

Real estate agent average salary: $72,900

The states that pay real estate agents the most on average are geographically located in the Northeast, West, and South, with four states, four states, and two states in each Census-designated region, respectively. What’s really interesting is that Mississippi ranks among the top 10 states where the average real estate agent salary per year is the highest, despite the state having the lowest median household income of all 50 U.S. states.

10 States Where Real Estate Agents Earn the Least Money

Now we move to the other end of the spectrum. Here’s a breakdown of the 10 states in which real estate agents earn the least:

1. Illinois

Real estate agent average salary: $44,510

2. Ohio

Real estate agent average salary: $45,570

3. Louisiana

Real estate agent average salary: $46,690

4. Missouri

Real estate agent average salary: $47,670

5. Idaho

Real estate agent average salary: $49,830

6. New Mexico

Real estate agent average salary: $50,920

7. Kansas

Real estate agent average salary: $52,970

8. Nebraska

Real estate agent average salary: $53,090

9. Delaware

Real estate agent average salary: $53,690

10. Kentucky

Real estate agent average salary: $55,050

This list is dominated by states of the South and Midwest, with two states representing the West — Idaho and New Mexico. The average real estate agent salary in Illinois is over $20,000 less than the national average: $44,510 versus $65,850.

How Much Real Estate Agents Make In Each State

In just one year, seven states experienced income increases that were greater than 20% for real estate sales agents:

  • New Hampshire annual real estate agent salary growth: 95.5%
  • Rhode Island annual real estate agent salary growth: 41%
  • Arkansas annual real estate agent salary growth: 30.8%
  • Texas annual real estate agent salary growth: 30.5%
  • Indiana annual real estate agent salary growth: 24.7%
  • Arizona annual real estate agent salary growth: 21.8%
  • South Carolina annual real estate agent salary growth: 20.8%

Below are all 50 states and their respective average real estate salaries per year. The states are listed in alphabetical order, but their ranking from 1 to 50 (1 being the best, 50 the worst) in terms of pay is included:



Source link

Leave a Comment

Your email address will not be published. Required fields are marked *