Real Estate Agent Hourly Pay in Oak Park, IL: $22.25 (2026)
Quick Answer:Hourly pay for a real estate agent working in Oak Park, IL runs $22.25 at the median for 2026 — annualizing to $46,280 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Oak Park's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $22.91 nationally would. A 24-hour part-time schedule grosses $27,767 per year.
Based on BLS state-level estimates · View source
In Oak Park, Illinois, the median hourly pay for real estate agents stands at $22.25, which is notably lower than the national hourly median of $25.78. This discrepancy may impact part-time agents who typically work around three days a week, often reflecting a more flexible schedule that accommodates client meetings, property tours, and presentations. For per-diem workers, the hourly pay can fluctuate based on the number of transactions closed and client interactions, with many real estate professionals working both in traditional brokerage office settings and remotely. The hourly range in Oak Park varies, starting at $13.17 for entry-level positions, reaching as high as $34.49 for the most experienced top earners, illustrating the potential for growth within this commission-based profession.
About the Oak Park Market
Salary estimated from Illinois average ($68,000) adjusted for local cost of living.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $13.17 | $105.40 |
| Lower Range (P25) | $17.50 | $139.99 |
| Median (P50) | $22.25 | $177.99 |
| Upper Range (P75) | $28.48 | $227.85 |
| Top Earners (P90) | $34.49 | $275.92 |
Estimated Annual Income by Work Schedule in Oak Park
Based on $22.25/hr median hourly rate · 2026 est.
At $22.25/hr, a real estate agent working full-time (40 hr/wk) in Oak Park, IL can expect to earn approximately $46,278 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $26,699. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Oak Park.
Hourly Rate Calculator
Schedule Comparison in Oak Park
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $889.95 | $3,856 | $46,278 |
| Part-Time (24 hrs) | $533.97 | $2,314 | $27,767 |
| Per Diem (16 hrs) | $355.98 | $1,543 | $18,511 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Oak Park) | $22.25 |
| 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 Oak Park, IL earn a median of $46,280 per year (2026 est.), which is 13.69% lower than the national median of $53,622 and 0.70% below the Illinois state average of $46,606.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $22.25/hr = $27,767/year (purchasing power: $28,596).
Working 40h/week (full-time) = $46,278/year (purchasing power: $47,660).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$20.30/hr
2025 BLS Actual
$21.92/hr
2026 Current Est.
$22.25/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in Oak Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $20.30/hr | Actual |
| 2020 | $20.35/hr | Actual |
| 2021 | $20.06/hr | Actual |
| 2022 | $20.74/hr | Actual |
| 2023 | $22.53/hr | Actual |
| 2024 | $31.51/hr | Actual |
| 2025 | $21.92/hr | Actual |
| 2026(current) | $22.25/hr | Estimated |
| 2027 | $22.58/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Oak Park grew 8.0% from $20.30/hr (2019) to $21.92/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $22.58/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 Oak Park 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 Oak Park
For a real estate agent working part-time in Oak Park at 24 hours per week, the annual earnings equate to $27,612, a figure that starkly contrasts with the potential income of full-time agents. Many agents operate as independent contractors on a 1099 basis, making per-diem pay less common. Hourly equivalents can soar for high performers, often achieving between $100 and $300 for prime deals, while newer agents may find themselves making less than minimum wage when accounting for unpaid prospecting. Employment dynamics differ significantly among employer types in the region; national franchises may offer stability but necessitate fee splits that impact hourly wages, especially when compared to local or luxury brokerages. As agents consider their choices, the trade-off between accepting lower hourly pay with benefits versus higher commissioning with no security can influence career decisions. To maximize earnings, Oak Park agents should focus on negotiation skills, establishing a clear understanding of commission splits, and leveraging their networks for referrals in a competitive market.
More salary data for Oak Park, IL:
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 Oak Park. 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 Oak Park 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