Real Estate Agent Hourly Pay in Cedar Rapids, IA: $12.94 (2026)
Quick Answer:Hourly pay for a real estate agent working in Cedar Rapids, IA runs $12.94 at the median for 2026 — annualizing to $26,918 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Cedar Rapids's regional price level (BEA RPP 89.0, 11% below national), each hour of work buys what $14.55 nationally would. A 24-hour part-time schedule grosses $16,151 per year.
Official BLS data · View source
In Cedar Rapids, the projected real estate agent hourly pay is set at $12.94, significantly lower than the national median of $25.78 per hour. This disparity indicates a challenging financial landscape for agents in the area, particularly for those working part-time or on a per-diem basis. Many real estate agents operate as independent contractors, taking on roles that include client property showings, brokerage office work, and conducting listing appointments. As entry-level agents often start at the lower end of the hourly range—around $10.87—while more established professionals can earn up to $36.64 per hour, these figures highlight the income spectrum within the profession. Given that these rates are based on projections sourced from 2025 BLS OEWS data, they offer a snapshot of what to expect for those considering a career in this field in Cedar Rapids.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $10.87 | $86.97 |
| Lower Range (P25) | $10.87 | $86.97 |
| Median (P50) | $12.94 | $103.53 |
| Upper Range (P75) | $24.12 | $192.93 |
| Top Earners (P90) | $36.64 | $293.13 |
Estimated Annual Income by Work Schedule in Cedar Rapids
Based on $12.94/hr median hourly rate · 2026 est.
At $12.94/hr, a real estate agent working full-time (40 hr/wk) in Cedar Rapids, IA can expect to earn approximately $26,918 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $15,529. With a cost-of-living index of 88.96 (below the national average), these earnings stretch further in Cedar Rapids.
Hourly Rate Calculator
Schedule Comparison in Cedar Rapids
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $517.65 | $2,243 | $26,918 |
| Part-Time (24 hrs) | $310.59 | $1,346 | $16,151 |
| Per Diem (16 hrs) | $207.06 | $897 | $10,767 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Cedar Rapids) | $12.94 |
| 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 Cedar Rapids, IA earn a median of $26,918 per year (2026 est.), which is 49.80% lower than the national median of $53,622 and 44.50% below the Iowa state average of $48,501.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $12.94/hr = $16,151/year (purchasing power: $18,154).
Working 40h/week (full-time) = $26,918/year (purchasing power: $30,257).
CoL index: 88.963 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$20.24/hr
2025 BLS Actual
$12.75/hr
2026 Current Est.
$12.94/hr
2019–2027 Growth
+-35.1%
Hourly Rate Trajectory for Real Estate Agents in Cedar Rapids (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $20.24/hr | Actual |
| 2020 | $14.96/hr | Actual |
| 2021 | $22.63/hr | Actual |
| 2022 | $32.78/hr | Actual |
| 2023 | $23.19/hr | Actual |
| 2024 | $15.28/hr | Actual |
| 2025 | $12.75/hr | Actual |
| 2026(current) | $12.94/hr | Estimated |
| 2027 | $13.14/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Cedar Rapids grew -37.0% from $20.24/hr (2019) to $12.75/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $13.14/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 Cedar Rapids 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 Cedar Rapids
Exploring the earning potential for part-time real estate agents reveals more about the profession’s dynamics. For someone working three days a week, approximately 24 hours, the gross annual income translates to around $16,000, which is markedly different from a full-time counterpart. Since compensation in this line of work is predominantly commission-based, real estate agents may find it difficult to secure reliable hourly pay. New agents might experience hourly equivalents that dip below minimum wage due to unpaid hours spent on prospecting and client interactions. The nature of different brokerages also affects pay; national franchises might offer more stable incentives, while local independent firms could allow for a more personalized approach but vary widely in commission structure. Team-based operations might provide a solid base plus splits, while luxury firms or commercial real estate agencies often lead to higher hourly opportunities but carry greater barriers to entry. Weighing benefits against hourly pay can be crucial; agents may choose lower hourly rates with health insurance benefits over higher hourly rates with no benefits, shaping their long-term career choices in Cedar Rapids.
More salary data for Cedar Rapids, IA:
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 Cedar Rapids. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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