Real Estate Agent Hourly Pay in Rochester, MN: $23.02 (2026)
Quick Answer:Hourly pay for a real estate agent working in Rochester, MN runs $23.02 at the median for 2026 — annualizing to $47,878 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Rochester's regional price level (BEA RPP 90.8, 9% below national), each hour of work buys what $25.35 nationally would. A 24-hour part-time schedule grosses $28,729 per year.
Official BLS data · View source
In Rochester, Minnesota, the real estate agent hourly pay averages $23.02, which is notably below the national hourly median of $25.78. This discrepancy can impact professionals working part-time or on a per-diem basis, where a three-day work week amounts to around 24 hours of work. These agents often find themselves balancing office duties, client property showings, and listing appointments, alongside mobile work arrangements. The hourly rate for agents can vary significantly in Rochester, ranging from a low of $16.90 for entry-level positions to as high as $63.53 for the most successful individuals in the field. As these figures are based on official BLS hourly data, they provide a helpful benchmark for those considering a career in real estate.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $16.90 | $135.20 |
| Lower Range (P25) | $20.50 | $164.02 |
| Median (P50) | $23.02 | $184.16 |
| Upper Range (P75) | $30.46 | $243.68 |
| Top Earners (P90) | $63.53 | $508.23 |
Estimated Annual Income by Work Schedule in Rochester
Based on $23.02/hr median hourly rate · 2026 est.
At $23.02/hr, a real estate agent working full-time (40 hr/wk) in Rochester, MN can expect to earn approximately $47,882 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $27,624. With a cost-of-living index of 90.82 (below the national average), these earnings stretch further in Rochester.
Hourly Rate Calculator
Schedule Comparison in Rochester
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $920.81 | $3,990 | $47,882 |
| Part-Time (24 hrs) | $552.48 | $2,394 | $28,729 |
| Per Diem (16 hrs) | $368.32 | $1,596 | $19,153 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Rochester) | $23.02 |
| 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 Rochester, MN earn a median of $47,878 per year (2026 est.), which is 10.71% lower than the national median of $53,622 and 5.40% above the Minnesota state average of $45,425.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $23.02/hr = $28,729/year (purchasing power: $31,633).
Working 40h/week (full-time) = $47,882/year (purchasing power: $52,721).
CoL index: 90.821 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$26.98/hr
2025 BLS Actual
$22.68/hr
2026 Current Est.
$23.02/hr
2019–2027 Growth
+-13.4%
Hourly Rate Trajectory for Real Estate Agents in Rochester (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $26.98/hr | Actual |
| 2020 | $24.88/hr | Actual |
| 2021 | $15.11/hr | Actual |
| 2022 | $21.46/hr | Actual |
| 2023 | $19.14/hr | Actual |
| 2024 | $23.61/hr | Actual |
| 2025 | $22.68/hr | Actual |
| 2026(current) | $23.02/hr | Estimated |
| 2027 | $23.37/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Rochester grew -15.9% from $26.98/hr (2019) to $22.68/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $23.37/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 Rochester 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 Rochester
Shifting to an analysis of part-time earnings, a real estate agent working 24 hours a week could realistically take home approximately $29,171 annually, a stark contrast to full-time earnings. The commission-based structure of real estate means many agents operate under a 1099 model, which is particularly relevant post-2024 NAR commission settlement. It is common for hourly equivalents for high-performing agents to fall between $100 and $300, while newer agents may find themselves earning below minimum wage when accounting for unpaid prospecting hours. Variation in hourly rates also depends on the type of brokerage; agents affiliated with national franchises may receive different compensation structures compared to local independents or discount firms. In Rochester, it's essential for agents to evaluate their compensation approach, balancing higher hourly pay with the potential benefits available through larger companies. Practical negotiation skills are crucial in navigating this complex pay structure effectively.
More salary data for Rochester, 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 Rochester. 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, 6-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