Real Estate Agent Hourly Pay in Phoenix, AZ: $29.72 (2026)
Quick Answer:Hourly pay for a real estate agent working in Phoenix, AZ runs $29.72 at the median for 2026 — annualizing to $61,803 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Phoenix's regional price level (BEA RPP 103.3, 3% above national), each hour of work buys what $28.77 nationally would. A 24-hour part-time schedule grosses $37,090 per year.
Official BLS data · View source
In 2026, the real estate agent hourly pay in Phoenix, Arizona is projected at $29.72. This figure significantly exceeds the national hourly median of $25.78, reflecting a stronger local market for real estate professionals. This hourly rate can make a considerable difference for part-time real estate agents working three days a week, allowing for flexibility in scheduling and income potential across various settings. Whether they are meeting clients at property showings, conducting listing presentations at homes, or attending closing meetings at title companies, the hourly pay structure provides real estate agents the option to balance work and personal life. Entry-level agents might earn as little as $17.40 per hour, while top earners in the profession can see their rates soar to $56.73 per hour, showcasing the significant income potential that exists within this field.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $17.40 | $139.18 |
| Lower Range (P25) | $20.17 | $161.34 |
| Median (P50) | $29.72 | $237.75 |
| Upper Range (P75) | $46.00 | $368.00 |
| Top Earners (P90) | $56.73 | $453.83 |
Estimated Annual Income by Work Schedule in Phoenix
Based on $29.72/hr median hourly rate · 2026 est.
At $29.72/hr, a real estate agent working full-time (40 hr/wk) in Phoenix, AZ can expect to earn approximately $61,816 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $35,663. With a cost-of-living index of 103.32 (above the national average), these earnings may be offset by higher expenses in Phoenix.
Hourly Rate Calculator
Schedule Comparison in Phoenix
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,188.77 | $5,151 | $61,816 |
| Part-Time (24 hrs) | $713.26 | $3,091 | $37,090 |
| Per Diem (16 hrs) | $475.51 | $2,061 | $24,726 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Phoenix) | $29.72 |
| Real Estate Broker (National Avg) | $42.96 |
| Insurance Sales Agent (National Avg) | $29.02 |
| Property / Real Estate Manager (National Avg) | $33.79 |
| Appraiser / Assessor of Real Estate (National Avg) | $37.18 |
Real Estate Agents in Phoenix, AZ earn a median of $61,803 per year (2026 est.), which is 15.26% higher than the national median of $53,622 and 6.50% above the Arizona state average of $58,031.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $29.72/hr = $37,090/year (purchasing power: $35,899).
Working 40h/week (full-time) = $61,816/year (purchasing power: $59,832).
CoL index: 103.316 (100 = national average).
2019 BLS Actual
$18.73/hr
2025 BLS Actual
$29.28/hr
2026 Current Est.
$29.72/hr
2019–2027 Growth
+61.1%
Hourly Rate Trajectory for Real Estate Agents in Phoenix (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $18.73/hr | Actual |
| 2020 | $18.34/hr | Actual |
| 2021 | $22.71/hr | Actual |
| 2022 | $28.10/hr | Actual |
| 2023 | $23.39/hr | Actual |
| 2024 | $25.66/hr | Actual |
| 2025 | $29.28/hr | Actual |
| 2026(current) | $29.72/hr | Estimated |
| 2027 | $30.16/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Phoenix grew 56.3% from $18.73/hr (2019) to $29.28/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $30.16/hr by 2027. Part-time and per-diem real estate agents can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Phoenix metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 1.50% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Real Estate Agent in Phoenix
Analyzing the earning potential for part-time real estate agents reveals a stark contrast compared to full-time counterparts. A part-time agent working three days a week, clocking in around 24 hours, could take home an income that lands in the mid-range of $41,940, not accounting for fluctuations due to commission-based structures. As the industry shifts more towards a commission-focused model, per-diem arrangements are rare; real estate agents generally operate as 1099 independent contractors without traditional hourly pay guarantees. Top producers can command hourly equivalents ranging from $100 to $300, while new agents might see their effective hourly rate tumble below the minimum wage when considering unpaid hours spent on prospecting. Moreover, different employer types in Phoenix influence hourly compensation significantly. National franchise brokerages like Keller Williams and local independents may offer varying structures, with some agents opting for lower hourly rates in exchange for benefits like healthcare. Understanding these nuances, along with strategic negotiation tactics, is essential for agents navigating work arrangements in Phoenix’s dynamic real estate market.
More salary data for Phoenix, AZ:
Frequently Asked Questions
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Written by Maria Gonzalez, REALTOR®
Career Analyst
Maria has 10 years of experience as a real estate agent. She specializes in residential properties. She works with a large brokerage in Texas.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 1.50% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for real estate agents in Phoenix. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 1.50%, derived from historical BLS wage trends for real estate agents (SOC 41-9022).
Compiled and verified by Maria Gonzalez, REALTOR®, a licensed real estate agent with 10+ years of clinical experience. · View source data at BLS.gov