Real Estate Agent Hourly Pay in New London, CT: $26.80 (2026)
Quick Answer:Hourly pay for a real estate agent working in New London, CT runs $26.80 at the median for 2026 — annualizing to $55,726 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against New London's regional price level (BEA RPP 107.9, 8% above national), each hour of work buys what $24.83 nationally would. A 24-hour part-time schedule grosses $33,441 per year.
Based on BLS state-level estimates · View source
In New London, Connecticut, real estate agents can expect to earn a median hourly pay of $26.80, slightly surpassing the national average of $25.78. For part-time professionals working three days a week, or those engaged in per-diem arrangements, this translates to a solid income while enjoying the flexibility the role affords. Given the diverse work settings—ranging from brokerage offices and client property showings to remote work—the hourly framework allows agents to maximize earnings based on their availability and commitment levels. Entry-level agents typically earn towards the lower end of the spectrum, starting around $18.02, while experienced agents can command up to $41.52 per hour, reflecting the potential rewards of networking and building a reputation in the competitive New London market.
About the New London 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) | $18.02 | $144.13 |
| Lower Range (P25) | $21.07 | $168.57 |
| Median (P50) | $26.80 | $214.37 |
| Upper Range (P75) | $34.30 | $274.37 |
| Top Earners (P90) | $41.52 | $332.19 |
Estimated Annual Income by Work Schedule in New London
Based on $26.80/hr median hourly rate · 2026 est.
At $26.80/hr, a real estate agent working full-time (40 hr/wk) in New London, CT can expect to earn approximately $55,736 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $32,155. With a cost-of-living index of 107.90 (above the national average), these earnings may be offset by higher expenses in New London.
Hourly Rate Calculator
Schedule Comparison in New London
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,071.84 | $4,645 | $55,736 |
| Part-Time (24 hrs) | $643.10 | $2,787 | $33,441 |
| Per Diem (16 hrs) | $428.74 | $1,858 | $22,294 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (New London) | $26.80 |
| 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 New London, CT earn a median of $55,726 per year (2026 est.), which is 3.92% higher than the national median of $53,622 and 3.70% below the Connecticut state average of $57,867.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $26.80/hr = $33,441/year (purchasing power: $30,993).
Working 40h/week (full-time) = $55,736/year (purchasing power: $51,655).
CoL index: 107.9 (100 = national average).
2019 BLS Actual
$24.45/hr
2025 BLS Actual
$26.40/hr
2026 Current Est.
$26.80/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in New London (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $24.45/hr | Actual |
| 2020 | $24.51/hr | Actual |
| 2021 | $24.16/hr | Actual |
| 2022 | $24.98/hr | Actual |
| 2023 | $27.13/hr | Actual |
| 2024 | $38.97/hr | Actual |
| 2025 | $26.40/hr | Actual |
| 2026(current) | $26.80/hr | Estimated |
| 2027 | $27.20/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in New London grew 8.0% from $24.45/hr (2019) to $26.40/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $27.20/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 New London 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 New London
Considering the earning potential within a part-time framework, a real estate agent working 24 hours a week can expect to take home a noteworthy amount annually, particularly in comparison to full-time counterparts. However, the nature of real estate compensation is predominantly commission-driven, meaning per-diem work is not the norm, and many agents operate as independent contractors under a 1099 status. Top-performing agents can see hourly earnings soar to between $100 and $300, while newer agents, during their initial years, might struggle to earn even close to minimum wage when factoring in unpaid prospecting efforts. In New London, hourly rates also vary considerably based on the type of brokerage—national franchises often have different pay structures than independent or discount brokerages, impacting the agent's overall compensation benefits. Some real estate professionals may choose to accept lower hourly rates to secure benefits like health insurance, while others prioritize the potential for higher earnings without those safety nets. Therefore, effective negotiation and understanding of the local market landscape are essential for agents to carve out successful careers in New London, CT.
More salary data for New London, 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 New London. 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 New London 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