Real Estate Agent Hourly Pay in Royal Oak, MI: $27.83 (2026)
Quick Answer:Hourly pay for a real estate agent working in Royal Oak, MI runs $27.83 at the median for 2026 — annualizing to $57,893 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Royal Oak's regional price level (BEA RPP 93.2, 7% below national), each hour of work buys what $29.86 nationally would. A 24-hour part-time schedule grosses $34,733 per year.
Based on BLS state-level estimates · View source
In Royal Oak, Michigan, the real estate agent hourly pay is projected to be $27.83 in 2026, which is notably higher than the national hourly median of $25.78. This competitive rate not only benefits full-time agents but also supports part-time workers who typically might work three days a week or engage in per-diem work. Those part-time agents earning this hourly rate can find themselves balancing their time between the brokerage office, client property tours, and various listing presentations. The hourly range in Royal Oak stretches from $18.45 for entry-level agents to $43.14 for top earners, which translates into diverse earning opportunities depending on experience level and market performance. Notably, these hourly estimates are derived from the broader annual salary data, reflecting the varied compensation structures agents experience in different working environments.
About the Royal Oak Market
Salary estimated from Michigan average ($58,000) adjusted for local cost of living.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $18.45 | $147.62 |
| Lower Range (P25) | $21.72 | $173.77 |
| Median (P50) | $27.83 | $222.65 |
| Upper Range (P75) | $35.63 | $285.01 |
| Top Earners (P90) | $43.14 | $345.10 |
Estimated Annual Income by Work Schedule in Royal Oak
Based on $27.83/hr median hourly rate · 2026 est.
At $27.83/hr, a real estate agent working full-time (40 hr/wk) in Royal Oak, MI can expect to earn approximately $57,889 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $33,398. With a cost-of-living index of 93.20 (below the national average), these earnings stretch further in Royal Oak.
Hourly Rate Calculator
Schedule Comparison in Royal Oak
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,113.25 | $4,824 | $57,889 |
| Part-Time (24 hrs) | $667.95 | $2,894 | $34,733 |
| Per Diem (16 hrs) | $445.30 | $1,930 | $23,156 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Royal Oak) | $27.83 |
| 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 Royal Oak, MI earn a median of $57,893 per year (2026 est.), which is 7.97% higher than the national median of $53,622 and 1.20% below the Michigan state average of $58,596.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $27.83/hr = $34,733/year (purchasing power: $37,268).
Working 40h/week (full-time) = $57,889/year (purchasing power: $62,113).
CoL index: 93.2 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$25.40/hr
2025 BLS Actual
$27.42/hr
2026 Current Est.
$27.83/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in Royal Oak (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $25.40/hr | Actual |
| 2020 | $25.45/hr | Actual |
| 2021 | $25.09/hr | Actual |
| 2022 | $25.94/hr | Actual |
| 2023 | $28.18/hr | Actual |
| 2024 | $25.67/hr | Actual |
| 2025 | $27.42/hr | Actual |
| 2026(current) | $27.83/hr | Estimated |
| 2027 | $28.25/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Royal Oak grew 8.0% from $25.40/hr (2019) to $27.42/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $28.25/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 Royal Oak 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 Royal Oak
Focusing on the earnings potential for part-time agents reveals that someone working three days a week could take home around $43,670 annually, significantly lower than full-time counterparts yet still a respectable sum for a part-time position. Given that real estate is primarily a commission-based profession, per diem roles in this field are uncommon; agents usually operate under 1099 contracts. A closer look at the structure of agent compensation shows that the top producers can earn equivalent hourly wages ranging from $100 to $300, while new agents may find themselves earning less than minimum wage when accounting for unpaid time spent prospecting. In Royal Oak, compensation can differ greatly by brokerage type—larger national franchises often provide a salary base plus commissions, while independent firms or discount brokerages might offer different structures that favor more experienced agents. Factors such as benefits may influence an agent's decision to accept lower hourly rates, trading off immediate earnings for healthcare or other perks. Thus, negotiating effectively can be crucial for those navigating the varied real estate landscapes in Royal Oak, MI.
More salary data for Royal Oak, MI:
Frequently Asked Questions
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Related Pages
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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 Royal Oak. 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 Royal Oak 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