Real Estate Agent Hourly Pay in Montclair, NJ: $29.40 (2026)
Quick Answer:Hourly pay for a real estate agent working in Montclair, NJ runs $29.40 at the median for 2026 — annualizing to $61,164 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Montclair's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $25.52 nationally would. A 24-hour part-time schedule grosses $36,697 per year.
Based on BLS state-level estimates · View source
In Montclair, NJ, the projected median hourly pay for real estate agents is $29.40, exceeding the national median of $25.78. This competitive rate reflects the demand for skilled agents in this vibrant market. For part-time professionals working three days a week, typically around 24 hours, this hourly pay translates into a viable income, especially when considering the flexibility of real estate work. Agents engage in various activities, including property showings, client consultations, and administrative tasks at brokerage offices or remotely. Those new to the field may start at the lower end of the spectrum, around $18.70, while seasoned agents can earn up to $45.58 per hour, which underscores the potential for growth within this profession.
About the Montclair Market
Salary estimated from New Jersey average ($82,000) adjusted for local cost of living.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $18.70 | $149.57 |
| Lower Range (P25) | $23.48 | $187.82 |
| Median (P50) | $29.40 | $235.24 |
| Upper Range (P75) | $37.64 | $301.09 |
| Top Earners (P90) | $45.58 | $364.67 |
Estimated Annual Income by Work Schedule in Montclair
Based on $29.40/hr median hourly rate · 2026 est.
At $29.40/hr, a real estate agent working full-time (40 hr/wk) in Montclair, NJ can expect to earn approximately $61,161 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $35,285. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Montclair.
Hourly Rate Calculator
Schedule Comparison in Montclair
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,176.18 | $5,097 | $61,161 |
| Part-Time (24 hrs) | $705.71 | $3,058 | $36,697 |
| Per Diem (16 hrs) | $470.47 | $2,039 | $24,465 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Montclair) | $29.40 |
| 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 Montclair, NJ earn a median of $61,164 per year (2026 est.), which is 14.07% higher than the national median of $53,622 and 1.00% below the New Jersey state average of $61,782.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $29.40/hr = $36,697/year (purchasing power: $31,855).
Working 40h/week (full-time) = $61,161/year (purchasing power: $53,092).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$26.83/hr
2025 BLS Actual
$28.97/hr
2026 Current Est.
$29.40/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in Montclair (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $26.83/hr | Actual |
| 2020 | $26.89/hr | Actual |
| 2021 | $26.51/hr | Actual |
| 2022 | $27.41/hr | Actual |
| 2023 | $29.78/hr | Actual |
| 2024 | $44.97/hr | Actual |
| 2025 | $28.97/hr | Actual |
| 2026(current) | $29.40/hr | Estimated |
| 2027 | $29.85/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Montclair grew 8.0% from $26.83/hr (2019) to $28.97/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $29.85/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 Montclair 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 Montclair
While pursuing work in real estate offers many advantages, agents must navigate the financial realities of their income structure. A part-time agent in Montclair working 24 hours a week would take home about $36,672 annually, significantly lower than their full-time counterparts but still a substantial earning opportunity when balanced with other pursuits. Given the commission-based model, actual earnings can vary widely. Top producers may see hourly equivalent earnings exceeding $100-$300, especially when negotiations are in their favor. However, newer agents often earn less than minimum wage when accounting for unpaid time spent on prospecting. Diverse employer types, from national franchises to boutique firms, influence pay rates, with some agents opting for lower hourly rates in exchange for benefits like health insurance. This factor must be weighed carefully, particularly following the recent NAR commission settlement, which will impact future compensation strategies in the industry. Knowledge of these dynamics can help agents negotiate their pay effectively, adapting to Montclair's unique real estate environment.
More salary data for Montclair, NJ:
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 Montclair. 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 Montclair 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