Real Estate Agent Hourly Pay in Milford, CT: $27.20 (2026)
Quick Answer:Hourly pay for a real estate agent working in Milford, CT runs $27.20 at the median for 2026 — annualizing to $56,572 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Milford's regional price level (BEA RPP 107.9, 8% above national), each hour of work buys what $25.21 nationally would. A 24-hour part-time schedule grosses $33,948 per year.
Based on BLS state-level estimates · View source
In Milford, Connecticut, the expected median hourly pay for real estate agents in 2026 is set at $27.20, surpassing the national median of $25.78. This rate translates to significant earnings even for part-time workers, particularly those operating three days a week, enabling flexibility in work-life balance while still generating a respectable income. Real estate agents in the area operate in diverse environments, including brokerage offices, client property showings, and remote work settings. Their hourly pay can vary greatly, ranging from $17.62 for entry-level positions to $42.15 for top earners. These figures, derived from annual salary projections, reflect the commission-driven nature of the real estate industry, highlighting the potential for higher earnings depending on experience and performance levels.
About the Milford Market
Salary estimated from Connecticut average ($78,000) adjusted for local cost of living.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $17.62 | $140.96 |
| Lower Range (P25) | $20.90 | $167.19 |
| Median (P50) | $27.20 | $217.62 |
| Upper Range (P75) | $34.81 | $278.52 |
| Top Earners (P90) | $42.15 | $337.22 |
Estimated Annual Income by Work Schedule in Milford
Based on $27.20/hr median hourly rate · 2026 est.
At $27.20/hr, a real estate agent working full-time (40 hr/wk) in Milford, CT can expect to earn approximately $56,580 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $32,642. With a cost-of-living index of 107.90 (above the national average), these earnings may be offset by higher expenses in Milford.
Hourly Rate Calculator
Schedule Comparison in Milford
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,088.08 | $4,715 | $56,580 |
| Part-Time (24 hrs) | $652.85 | $2,829 | $33,948 |
| Per Diem (16 hrs) | $435.23 | $1,886 | $22,632 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Milford) | $27.20 |
| 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 Milford, CT earn a median of $56,572 per year (2026 est.), which is 5.50% higher than the national median of $53,622 and 2.20% below the Connecticut state average of $57,845.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $27.20/hr = $33,948/year (purchasing power: $31,463).
Working 40h/week (full-time) = $56,580/year (purchasing power: $52,438).
CoL index: 107.9 (100 = national average).
2019 BLS Actual
$24.82/hr
2025 BLS Actual
$26.80/hr
2026 Current Est.
$27.20/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in Milford (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $24.82/hr | Actual |
| 2020 | $24.88/hr | Actual |
| 2021 | $24.52/hr | Actual |
| 2022 | $25.35/hr | Actual |
| 2023 | $27.55/hr | Actual |
| 2024 | $39.56/hr | Actual |
| 2025 | $26.80/hr | Actual |
| 2026(current) | $27.20/hr | Estimated |
| 2027 | $27.61/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Milford grew 8.0% from $24.82/hr (2019) to $26.80/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $27.61/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 Milford 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 Milford
Part-time agents working 24-hour weeks may find their annual earnings can vary substantially when contrasted with full-time colleagues. For instance, working only part-time could yield around $33,696 annually, significantly less than the potential earnings of those pursuing full-time careers. Moreover, the structure of the industry typically relies on commission-based compensation, resulting in a unique landscape where per-diem opportunities are less common. Established agents may command hourly rates equivalent to $100-$300 based on their productivity and reputation. The agents’ choice of brokerage—be it national franchises like Keller Williams or local independents—also influences pay. Some agents may opt for lower hourly rates in exchange for health insurance benefits, while others prefer the higher potential earnings at non-fee-based brokerages. Understanding these dynamics could aid agents in negotiations, particularly when grasping the implications of the recent 2024 NAR commission settlement and its impact on commission structures moving forward.
More salary data for Milford, CT:
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 Milford. 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 Milford 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