Real Estate Agent Hourly Pay in Redwood City, CA: $29.55 (2026)
Quick Answer:Hourly pay for a real estate agent working in Redwood City, CA runs $29.55 at the median for 2026 — annualizing to $61,456 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Redwood City's regional price level (BEA RPP 113.1, 13% above national), each hour of work buys what $26.12 nationally would. A 24-hour part-time schedule grosses $36,874 per year.
Based on BLS state-level estimates · View source
In Redwood City, the projected median hourly pay for real estate agents in 2026 is $29.55, significantly higher than the national median hourly rate of $25.78. This favorable rate reflects not only the competitive landscape of the housing market in the area but also the cost of living that is slightly above the national average. For those considering part-time work—say, three days a week—this hourly rate can translate to a reasonable income when considering client property tours, listing presentations, and closing transactions. Entry-level agents may see hourly earnings around $19.13, while seasoned professionals can earn up to $45.80 per hour, illustrating a wide range of potential earnings depending on expertise and sales capabilities. Each of these rates are derived from annual figures, providing a useful framework for understanding real estate agent hourly pay in Redwood City, CA.
About the Redwood City Market
Salary estimated from California average ($92,000) adjusted for local cost of living.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $19.13 | $153.06 |
| Lower Range (P25) | $22.07 | $176.53 |
| Median (P50) | $29.55 | $236.37 |
| Upper Range (P75) | $37.82 | $302.55 |
| Top Earners (P90) | $45.80 | $366.37 |
Estimated Annual Income by Work Schedule in Redwood City
Based on $29.55/hr median hourly rate · 2026 est.
At $29.55/hr, a real estate agent working full-time (40 hr/wk) in Redwood City, CA can expect to earn approximately $61,457 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $35,456. With a cost-of-living index of 113.10 (above the national average), these earnings may be offset by higher expenses in Redwood City.
Hourly Rate Calculator
Schedule Comparison in Redwood City
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,181.87 | $5,121 | $61,457 |
| Part-Time (24 hrs) | $709.12 | $3,073 | $36,874 |
| Per Diem (16 hrs) | $472.75 | $2,049 | $24,583 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Redwood City) | $29.55 |
| 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 Redwood City, CA earn a median of $61,456 per year (2026 est.), which is 14.61% higher than the national median of $53,622 and 2.20% below the California state average of $62,839.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $29.55/hr = $36,874/year (purchasing power: $32,603).
Working 40h/week (full-time) = $61,457/year (purchasing power: $54,339).
CoL index: 113.1 (100 = national average).
2019 BLS Actual
$26.96/hr
2025 BLS Actual
$29.11/hr
2026 Current Est.
$29.55/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in Redwood City (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $26.96/hr | Actual |
| 2020 | $27.02/hr | Actual |
| 2021 | $26.64/hr | Actual |
| 2022 | $27.54/hr | Actual |
| 2023 | $29.92/hr | Actual |
| 2024 | $48.93/hr | Actual |
| 2025 | $29.11/hr | Actual |
| 2026(current) | $29.55/hr | Estimated |
| 2027 | $29.99/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Redwood City grew 8.0% from $26.96/hr (2019) to $29.11/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $29.99/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 Redwood City 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 Redwood City
Turning to the broader implications for agents navigating the job market, part-time agents working 24 hours in a week might expect to earn around $37,000 annually, starkly contrasting with full-time agents reaping much larger commissions. Notably, many in this field operate as independent contractors under a 1099 system, often making per-diem work less common. Established top earners in Redwood City can charge hourly rates ranging from $100 to $300, while newer agents may struggle to meet minimum wage when their prospecting time is considered. The differences in hourly pay are also shaped by the type of brokerage, with national franchises generally offering more stability in pay compared to independent or discount brokerages. The prospect of benefits like health insurance often leads some agents to accept positions with lower hourly rates. For those negotiating their compensation, understanding how the local market dynamics influence pay and the importance of establishing a solid commission structure can help agents maximize their earning potential.
More salary data for Redwood City, CA:
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 Redwood City. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Redwood City is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
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