Real Estate Agent Hourly Pay in Troy, MI: $28.35 (2026)
Quick Answer:Hourly pay for a real estate agent working in Troy, MI runs $28.35 at the median for 2026 — annualizing to $58,975 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Troy's regional price level (BEA RPP 93.2, 7% below national), each hour of work buys what $30.42 nationally would. A 24-hour part-time schedule grosses $35,379 per year.
Based on BLS state-level estimates · View source
In 2026, real estate agents in Troy, MI, earn a median hourly rate of $28.35, which is notably higher than the national hourly median of $25.78. This competitive hourly pay reflects a market where agents often juggle multiple responsibilities, from conducting property showings to preparing listings and meeting with clients in a variety of settings, including brokerage offices and remote locations. The hourly wages can vary significantly; entry-level agents may see rates around $17.41, while experienced professionals can command up to $43.95 per hour. The diversity in earnings allows for flexible work arrangements, catering to both part-time agents who may work three days a week and those who prefer a more fluid, per-diem schedule.
About the Troy 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) | $17.41 | $139.26 |
| Lower Range (P25) | $21.06 | $168.49 |
| Median (P50) | $28.35 | $226.79 |
| Upper Range (P75) | $36.30 | $290.37 |
| Top Earners (P90) | $43.95 | $351.60 |
Estimated Annual Income by Work Schedule in Troy
Based on $28.35/hr median hourly rate · 2026 est.
At $28.35/hr, a real estate agent working full-time (40 hr/wk) in Troy, MI can expect to earn approximately $58,966 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $34,019. With a cost-of-living index of 93.20 (below the national average), these earnings stretch further in Troy.
Hourly Rate Calculator
Schedule Comparison in Troy
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,133.96 | $4,914 | $58,966 |
| Part-Time (24 hrs) | $680.37 | $2,948 | $35,379 |
| Per Diem (16 hrs) | $453.58 | $1,966 | $23,586 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Troy) | $28.35 |
| 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 Troy, MI earn a median of $58,975 per year (2026 est.), which is 9.98% higher than the national median of $53,622 and 0.60% above the Michigan state average of $58,623.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $28.35/hr = $35,379/year (purchasing power: $37,961).
Working 40h/week (full-time) = $58,966/year (purchasing power: $63,268).
CoL index: 93.2 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$25.87/hr
2025 BLS Actual
$27.93/hr
2026 Current Est.
$28.35/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in Troy (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $25.87/hr | Actual |
| 2020 | $25.93/hr | Actual |
| 2021 | $25.56/hr | Actual |
| 2022 | $26.42/hr | Actual |
| 2023 | $28.71/hr | Actual |
| 2024 | $26.15/hr | Actual |
| 2025 | $27.93/hr | Actual |
| 2026(current) | $28.35/hr | Estimated |
| 2027 | $28.77/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Troy grew 8.0% from $25.87/hr (2019) to $27.93/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $28.77/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 Troy 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 Troy
Analyzing the earning potential for real estate agents in Troy reveals fascinating contrasts, particularly when exploring part-time work. Agents working three days a week, averaging 24 hours, could realistically bring in around $39,155 annually, while full-time agents often see earnings exceeding that amount. Given the industry’s commission-based structure, many agents operate as independent contractors (1099), meaning per-diem real estate agent pay in this context is rare. For top performers, hourly rates can even soar to between $100 to $300, depending on sales. While local franchise brokerages typically offer higher base salaries, independent firms may provide lower hourly rates but better commission agreements. This dynamic leads to a choice; some agents opt for a livable hourly rate with fewer benefits, knowing they might trade higher payouts for job security and healthcare. Negotiation skills become paramount for agents looking to optimize their earnings in this evolving landscape.
More salary data for Troy, MI:
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 Troy. 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 Troy 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