Real Estate Agent Hourly Pay in Santa Fe, NM: $24.57 (2026)
Quick Answer:Hourly pay for a real estate agent working in Santa Fe, NM runs $24.57 at the median for 2026 — annualizing to $51,110 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Santa Fe's regional price level (BEA RPP 94.4, 6% below national), each hour of work buys what $26.03 nationally would. A 24-hour part-time schedule grosses $30,667 per year.
Based on BLS state-level estimates · View source
In Santa Fe, the projected median hourly pay for real estate agents is $24.57, representing a slight underperformance compared to the national median hourly rate of $25.78. This pay structure has significant implications for agents who work part-time or on a per-diem basis. For example, an agent working three days a week could find their earnings diminishing, especially when factoring in the high expenses associated with client property tours, listing presentations, and other essential duties that often occur outside of conventional office settings. The hourly pay range spans from $15.22 at the lower end to $38.08 for seasoned agents, creating a diverse income potential that is heavily influenced by local market conditions and personal commissions, given the largely commission-based nature of this profession.
About the Santa Fe Market
Salary estimated from New Mexico average ($62,000) adjusted for local cost of living.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $15.22 | $121.80 |
| Lower Range (P25) | $18.35 | $146.81 |
| Median (P50) | $24.57 | $196.59 |
| Upper Range (P75) | $31.45 | $251.64 |
| Top Earners (P90) | $38.08 | $304.66 |
Estimated Annual Income by Work Schedule in Santa Fe
Based on $24.57/hr median hourly rate · 2026 est.
At $24.57/hr, a real estate agent working full-time (40 hr/wk) in Santa Fe, NM can expect to earn approximately $51,112 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $29,488. With a cost-of-living index of 94.40 (below the national average), these earnings stretch further in Santa Fe.
Hourly Rate Calculator
Schedule Comparison in Santa Fe
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $982.93 | $4,259 | $51,112 |
| Part-Time (24 hrs) | $589.76 | $2,556 | $30,667 |
| Per Diem (16 hrs) | $393.17 | $1,704 | $20,445 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Santa Fe) | $24.57 |
| 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 Santa Fe, NM earn a median of $51,110 per year (2026 est.), which is 4.68% lower than the national median of $53,622 and 1.00% above the New Mexico state average of $50,604.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $24.57/hr = $30,667/year (purchasing power: $32,487).
Working 40h/week (full-time) = $51,112/year (purchasing power: $54,144).
CoL index: 94.4 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$21.19/hr
2025 BLS Actual
$24.21/hr
2026 Current Est.
$24.57/hr
2019–2027 Growth
+17.7%
Hourly Rate Trajectory for Real Estate Agents in Santa Fe (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $21.19/hr | Actual |
| 2020 | $21.87/hr | Actual |
| 2021 | $22.15/hr | Actual |
| 2022 | $24.24/hr | Actual |
| 2023 | $28.73/hr | Actual |
| 2024 | $28.41/hr | Actual |
| 2025 | $24.21/hr | Actual |
| 2026(current) | $24.57/hr | Estimated |
| 2027 | $24.94/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Santa Fe grew 14.3% from $21.19/hr (2019) to $24.21/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $24.94/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 Santa Fe 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 Santa Fe
When considering the financial realities in Santa Fe, part-time agents working 24 hours a week can expect earnings reflecting their commitment level, decidedly less than their full-time counterparts. Per diem real estate agent pay in Santa Fe is not widely practiced, as most agents operate under a 1099 structure that links their income directly to commissions earned, making it rare for anyone to work under fixed hourly contracts. Newer agents might see income barely exceeding minimum wage when accounting for unpaid prospecting time, while more established agents can secure hourly equivalents ranging from $100 to $300 depending on their specialization and market connections. The type of brokerage may also affect hourly pay, as agents with luxury firms often earn more per hour than those in discount brokerages. Ultimately, many agents must balance the trade-offs between hourly pay rates and benefits like health insurance, guiding their choices between local independent firms and larger national franchises as they build their careers in the real estate sector.
More salary data for Santa Fe, NM:
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 Santa Fe. 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 Santa Fe 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