Real Estate Agent Hourly Pay in Chanhassen, MN: $21.44 (2026)
Quick Answer:Hourly pay for a real estate agent working in Chanhassen, MN runs $21.44 at the median for 2026 — annualizing to $44,596 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Chanhassen's regional price level (BEA RPP 98.5, 1% below national), each hour of work buys what $21.76 nationally would. A 24-hour part-time schedule grosses $26,753 per year.
Based on BLS state-level estimates · View source
In Chanhassen, MN, the real estate agent hourly pay stands at a median of $21.44 per hour for 2026 projections, which is notably lower than the national median of $25.78 per hour. This difference can impact agents' choices regarding full-time versus part-time work. For those considering a part-time schedule of three days a week, their earnings might prove modest; real estate agents working under these conditions might earn around $1,030 weekly before expenses and taxes, largely depending on their client engagement and property transactions. Moreover, real estate hourly rates in Chanhassen range from $13.42 at the entry-level to approximately $33.23 for those at the top of their game, emphasizing the role experience and market demand play in determining compensation. These figures reflect a professional landscape where hours may involve diverse settings, including brokerage office desks, property showings, and client meetings.
About the Chanhassen Market
Salary estimated from Minnesota average ($68,000) adjusted for local cost of living.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $13.42 | $107.35 |
| Lower Range (P25) | $16.06 | $128.46 |
| Median (P50) | $21.44 | $171.49 |
| Upper Range (P75) | $27.45 | $219.56 |
| Top Earners (P90) | $33.23 | $265.85 |
Estimated Annual Income by Work Schedule in Chanhassen
Based on $21.44/hr median hourly rate · 2026 est.
At $21.44/hr, a real estate agent working full-time (40 hr/wk) in Chanhassen, MN can expect to earn approximately $44,589 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $25,724. With a cost-of-living index of 98.50 (below the national average), these earnings stretch further in Chanhassen.
Hourly Rate Calculator
Schedule Comparison in Chanhassen
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $857.47 | $3,716 | $44,589 |
| Part-Time (24 hrs) | $514.48 | $2,229 | $26,753 |
| Per Diem (16 hrs) | $342.99 | $1,486 | $17,835 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Chanhassen) | $21.44 |
| 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 Chanhassen, MN earn a median of $44,596 per year (2026 est.), which is 16.83% lower than the national median of $53,622 and 1.80% below the Minnesota state average of $45,413.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $21.44/hr = $26,753/year (purchasing power: $27,161).
Working 40h/week (full-time) = $44,589/year (purchasing power: $45,268).
CoL index: 98.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$19.56/hr
2025 BLS Actual
$21.12/hr
2026 Current Est.
$21.44/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in Chanhassen (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $19.56/hr | Actual |
| 2020 | $19.60/hr | Actual |
| 2021 | $19.33/hr | Actual |
| 2022 | $19.98/hr | Actual |
| 2023 | $21.71/hr | Actual |
| 2024 | $31.62/hr | Actual |
| 2025 | $21.12/hr | Actual |
| 2026(current) | $21.44/hr | Estimated |
| 2027 | $21.76/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Chanhassen grew 8.0% from $19.56/hr (2019) to $21.12/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $21.76/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 Chanhassen 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 Chanhassen
The part-time earnings of a real estate agent in Chanhassen can sharply contrast with full-time opportunities. For instance, an agent working just 24 hours a week might bring home about $26,345 annually, a significant difference compared to a full-time agent's potential earnings. Given that real estate roles are primarily commission-based, true per-diem work is rare; this creates an environment where those in top positions can earn hourly equivalents ranging from $100 to $300, depending on deal sizes and commission structures. While new agents might struggle financially, often earning less than minimum wage if factoring in unpaid hours spent prospecting, seasoned agents in team environments can expect more stable incomes through base salaries plus commission splits. The local market features a spectrum from national franchises to independent brokerages, each offering varied hourly compensation models influenced by their structures. This flexibility presents agents with trade-offs between hourly rates and benefits like health insurance, emphasizing the importance of clear negotiation skills amidst the evolving compensation landscape post-2024 NAR settlement.
More salary data for Chanhassen, MN:
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 Chanhassen. 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 Chanhassen 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