Real Estate Agent Hourly Pay in Minnetonka, MN: $21.58 (2026)
Quick Answer:Hourly pay for a real estate agent working in Minnetonka, MN runs $21.58 at the median for 2026 — annualizing to $44,879 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Minnetonka's regional price level (BEA RPP 98.5, 1% below national), each hour of work buys what $21.91 nationally would. A 24-hour part-time schedule grosses $26,930 per year.
Based on BLS state-level estimates · View source
Real estate agents in Minnetonka, Minnesota, can expect a median hourly rate of $21.58, a figure that falls short of the national median of $25.78. For those operating on a part-time basis, such as working three days a week, this hourly rate would yield a modest income that may necessitate a supplemental source to meet living expenses comfortably. Typical activities for real estate agents include office work, property tours, listing presentations at clients' homes, and even remote tasks that can be conducted from anywhere. The hourly range for agents in the area varies significantly, with entry-level positions beginning at around $12.62 and experienced professionals earning up to $33.44 per hour, showcasing a wide pay spectrum within the profession.
About the Minnetonka 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) | $12.62 | $100.93 |
| Lower Range (P25) | $16.85 | $134.79 |
| Median (P50) | $21.58 | $172.63 |
| Upper Range (P75) | $27.62 | $220.95 |
| Top Earners (P90) | $33.44 | $267.55 |
Estimated Annual Income by Work Schedule in Minnetonka
Based on $21.58/hr median hourly rate · 2026 est.
At $21.58/hr, a real estate agent working full-time (40 hr/wk) in Minnetonka, MN can expect to earn approximately $44,884 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $25,895. With a cost-of-living index of 98.50 (below the national average), these earnings stretch further in Minnetonka.
Hourly Rate Calculator
Schedule Comparison in Minnetonka
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $863.16 | $3,740 | $44,884 |
| Part-Time (24 hrs) | $517.89 | $2,244 | $26,930 |
| Per Diem (16 hrs) | $345.26 | $1,496 | $17,954 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Minnetonka) | $21.58 |
| 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 Minnetonka, MN earn a median of $44,879 per year (2026 est.), which is 16.30% lower than the national median of $53,622 and 1.20% below the Minnesota state average of $45,424.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $21.58/hr = $26,930/year (purchasing power: $27,341).
Working 40h/week (full-time) = $44,884/year (purchasing power: $45,568).
CoL index: 98.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$19.69/hr
2025 BLS Actual
$21.26/hr
2026 Current Est.
$21.58/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in Minnetonka (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $19.69/hr | Actual |
| 2020 | $19.73/hr | Actual |
| 2021 | $19.45/hr | Actual |
| 2022 | $20.11/hr | Actual |
| 2023 | $21.85/hr | Actual |
| 2024 | $31.82/hr | Actual |
| 2025 | $21.26/hr | Actual |
| 2026(current) | $21.58/hr | Estimated |
| 2027 | $21.90/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Minnetonka grew 8.0% from $19.69/hr (2019) to $21.26/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $21.90/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 Minnetonka 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 Minnetonka
In considering part-time work in this field, a real estate agent in Minnetonka working 24 hours per week could anticipate an annual income substantially lower than that of full-time counterparts. The flexibility afforded by this arrangement, particularly within a commission-based structure, often results in agents taking on roles that lead to unpredictable earnings. Most real estate professionals operate as independent contractors, meaning per-diem opportunities are rare and generally wouldn’t align with the norm in this sector. Earnings for top producers can reach between $100 and $300 per hour, whereas newcomers might effectively earn below minimum wage after accounting for the unpaid hours spent prospecting. Variability in hourly pay is also influenced by the type of brokerage—agent compensation can vary widely between national franchise firms and independent ones or niche luxury agencies. Many agents find themselves weighing the trade-offs between higher hourly wages with no benefits and lower rates where health insurance and other perks are provided. Navigating these choices can be complex, and agents must be strategic in their negotiations, particularly when it comes to hourly rates in an ever-evolving marketplace like Minnetonka, MN.
More salary data for Minnetonka, MN:
Frequently Asked Questions
What is the hourly rate for real estate agents in Minnetonka in 2026?
How much do part-time real estate agents make in Minnetonka?
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How much does a full-time real estate agent make per year in Minnetonka?
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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 Minnetonka. 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 Minnetonka 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