Real Estate Agent Hourly Pay in Madison, MS: $21.79 (2026)
Quick Answer:Hourly pay for a real estate agent working in Madison, MS runs $21.79 at the median for 2026 — annualizing to $45,326 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Madison's regional price level (BEA RPP 85.7, 14% below national), each hour of work buys what $25.43 nationally would. A 24-hour part-time schedule grosses $27,196 per year.
Based on BLS state-level estimates · View source
In Madison, Mississippi, the real estate agent hourly pay is projected to be approximately $21.79 in 2026, which is notably lower than the national median hourly rate of $25.78. This pay scale presents varying opportunities for agents working part-time, particularly those opting for a three-day work week, where income is accrued through client interactions, property showings, and negotiations at closing tables. For those in the earlier stages of their careers, the hourly range spans from $13.15 for entry-level positions to $33.78 for top earners, showcasing a significant disparity that reflects experience and performance in a highly commission-based industry. The rates provided are derived from annual salary data, aligning dollar-for-hour expectations for agents working in various settings—from traditional brokerage offices to remote client meetings.
About the Madison Market
Salary estimated from Mississippi average ($45,000) adjusted for local cost of living.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $13.15 | $105.24 |
| Lower Range (P25) | $17.30 | $138.36 |
| Median (P50) | $21.79 | $174.34 |
| Upper Range (P75) | $27.89 | $223.14 |
| Top Earners (P90) | $33.78 | $270.23 |
Estimated Annual Income by Work Schedule in Madison
Based on $21.79/hr median hourly rate · 2026 est.
At $21.79/hr, a real estate agent working full-time (40 hr/wk) in Madison, MS can expect to earn approximately $45,327 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $26,150. With a cost-of-living index of 85.70 (below the national average), these earnings stretch further in Madison.
Hourly Rate Calculator
Schedule Comparison in Madison
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $871.68 | $3,777 | $45,327 |
| Part-Time (24 hrs) | $523.01 | $2,266 | $27,196 |
| Per Diem (16 hrs) | $348.67 | $1,511 | $18,131 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Madison) | $21.79 |
| 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 Madison, MS earn a median of $45,326 per year (2026 est.), which is 15.47% lower than the national median of $53,622 and 1.40% below the Mississippi state average of $45,969.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $21.79/hr = $27,196/year (purchasing power: $31,735).
Working 40h/week (full-time) = $45,327/year (purchasing power: $52,891).
CoL index: 85.7 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$19.89/hr
2025 BLS Actual
$21.47/hr
2026 Current Est.
$21.79/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in Madison (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $19.89/hr | Actual |
| 2020 | $19.93/hr | Actual |
| 2021 | $19.65/hr | Actual |
| 2022 | $20.31/hr | Actual |
| 2023 | $22.07/hr | Actual |
| 2024 | $18.29/hr | Actual |
| 2025 | $21.47/hr | Actual |
| 2026(current) | $21.79/hr | Estimated |
| 2027 | $22.12/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Madison grew 8.0% from $19.89/hr (2019) to $21.47/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $22.12/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 Madison 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 Madison
In a part-time setting, an agent working only three days a week, estimated over the course of 24 hours, may see annual earnings limited when compared to full-time counterparts. The typical structure in real estate is heavily commission-oriented, meaning that the reality of per-diem work is quite uncommon in Madison. For successful agents, hourly equivalents can range dramatically, with top producers earning as much as $100-$300 per hour based on commissions. In contrast, new agents often find themselves earning below minimum wage when factoring in the necessary unpaid time for prospecting, a critical component of building clientele. Different brokerage types influence earnings; local independent firms may offer varied compensation structures compared to national franchises. It's also essential to weigh the trade-offs between lower hourly rates coupled with benefits versus higher rates without health coverage. For negotiable roles, understanding one's worth and market conditions specific to Madison can provide significant leverage as agents establish their careers in a competitive environment.
More salary data for Madison, MS:
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 Madison. 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 Madison 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