Real Estate Agent Hourly Pay in Carmel, IN: $22.68 (2026)
Quick Answer:Hourly pay for a real estate agent working in Carmel, IN runs $22.68 at the median for 2026 — annualizing to $47,166 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Carmel's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $24.84 nationally would. A 24-hour part-time schedule grosses $28,299 per year.
Based on BLS state-level estimates · View source
In Carmel, Indiana, the projected median pay for real estate agents in 2026 stands at $22.68 per hour, which is notably lower than the national median of $25.78 per hour. This discrepancy can shape the financial outlook for agents working part-time, who may operate just three days a week in roles that often require extensive mobility, including property showings, client meetings, and even remote work when necessary. With an hourly range that spans from $14.82 at the 10th percentile to $35.15 at the 90th percentile, real estate agents in Carmel experience a diverse range of earnings depending on their experience and market positioning. Many of the agents could find themselves working at brokerage offices or participating in closing transactions at title companies, reflecting the dynamic nature of this work environment.
About the Carmel Market
Salary estimated from Indiana average ($55,000) adjusted for local cost of living.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $14.82 | $118.55 |
| Lower Range (P25) | $17.52 | $140.15 |
| Median (P50) | $22.68 | $181.40 |
| Upper Range (P75) | $29.03 | $232.23 |
| Top Earners (P90) | $35.15 | $281.20 |
Estimated Annual Income by Work Schedule in Carmel
Based on $22.68/hr median hourly rate · 2026 est.
At $22.68/hr, a real estate agent working full-time (40 hr/wk) in Carmel, IN can expect to earn approximately $47,164 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $27,210. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in Carmel.
Hourly Rate Calculator
Schedule Comparison in Carmel
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $907.00 | $3,930 | $47,164 |
| Part-Time (24 hrs) | $544.20 | $2,358 | $28,299 |
| Per Diem (16 hrs) | $362.80 | $1,572 | $18,866 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Carmel) | $22.68 |
| 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 Carmel, IN earn a median of $47,166 per year (2026 est.), which is 12.04% lower than the national median of $53,622 and 3.80% below the Indiana state average of $49,029.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $22.68/hr = $28,299/year (purchasing power: $30,995).
Working 40h/week (full-time) = $47,164/year (purchasing power: $51,658).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$20.69/hr
2025 BLS Actual
$22.34/hr
2026 Current Est.
$22.68/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in Carmel (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $20.69/hr | Actual |
| 2020 | $20.74/hr | Actual |
| 2021 | $20.44/hr | Actual |
| 2022 | $21.13/hr | Actual |
| 2023 | $22.96/hr | Actual |
| 2024 | $23.69/hr | Actual |
| 2025 | $22.34/hr | Actual |
| 2026(current) | $22.68/hr | Estimated |
| 2027 | $23.02/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Carmel grew 8.0% from $20.69/hr (2019) to $22.34/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $23.02/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 Carmel 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 Carmel
Earning potential varies considerably for part-time workers versus full-time agents in Carmel, particularly for those operating on a 24-hour work week. Part-time agents may bring home a more modest income annually compared to their full-time counterparts, who frequently capitalize on commission structures. In a commission-based framework, it is not uncommon for top producers to see effective pay rates soaring to $100-$300 per hour during peak engagements. For newer agents entering this industry, the hourly equivalent may even drop below minimum wage when accounting for time spent on unpaid activities such as prospecting and client outreach. Differences also emerge based on the type of brokerage—national franchises might provide higher baseline salary opportunities, while independent or discount firms may offer less hourly but potentially valuable benefits like health insurance. Therefore, agents must weigh the trade-offs of accepting lower hourly rates for more comprehensive compensation packages, especially in the wake of the post-2024 NAR settlement that has changed commission dynamics across the board.
More salary data for Carmel, IN:
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 Carmel. 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 Carmel 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