Real Estate Agent Hourly Pay in Pierre, SD: $22.47 (2026)
Quick Answer:Hourly pay for a real estate agent working in Pierre, SD runs $22.47 at the median for 2026 — annualizing to $46,751 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Pierre's regional price level (BEA RPP 92.8, 7% below national), each hour of work buys what $24.22 nationally would. A 24-hour part-time schedule grosses $28,045 per year.
Based on BLS state-level estimates · View source
In Pierre, South Dakota, the real estate agent hourly pay is projected to be $22.47 in 2026, which falls below the national hourly median of $25.78. This variance reflects the geographical and market-specific conditions agents face, particularly in a location with a lower cost of living index, standing at 92.8. For part-time agents who might work three days per week, the potential for flexibility exists, with hourly work primarily being conducted in brokerage office desks, during property tours, client meetings, and at closing tables. Entry-level agents can expect to earn approximately $14.04 per hour, while more experienced professionals who break into the upper echelons can earn up to $34.83 per hour. However, it's important to keep in mind that these estimates are derived from annual data and serve as a guideline for potential earnings in the real estate market of Pierre.
About the Pierre Market
Salary estimated from South Dakota average ($52,000) adjusted for local cost of living.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $14.04 | $112.30 |
| Lower Range (P25) | $18.14 | $145.10 |
| Median (P50) | $22.47 | $179.78 |
| Upper Range (P75) | $28.77 | $230.12 |
| Top Earners (P90) | $34.83 | $278.68 |
Estimated Annual Income by Work Schedule in Pierre
Based on $22.47/hr median hourly rate · 2026 est.
At $22.47/hr, a real estate agent working full-time (40 hr/wk) in Pierre, SD can expect to earn approximately $46,742 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $26,967. With a cost-of-living index of 92.80 (below the national average), these earnings stretch further in Pierre.
Hourly Rate Calculator
Schedule Comparison in Pierre
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $898.88 | $3,895 | $46,742 |
| Part-Time (24 hrs) | $539.33 | $2,337 | $28,045 |
| Per Diem (16 hrs) | $359.55 | $1,558 | $18,697 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Pierre) | $22.47 |
| 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 Pierre, SD earn a median of $46,751 per year (2026 est.), which is 12.81% lower than the national median of $53,622 and 6.00% below the South Dakota state average of $49,735.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $22.47/hr = $28,045/year (purchasing power: $30,221).
Working 40h/week (full-time) = $46,742/year (purchasing power: $50,369).
CoL index: 92.8 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$20.51/hr
2025 BLS Actual
$22.14/hr
2026 Current Est.
$22.47/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in Pierre (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $20.51/hr | Actual |
| 2020 | $20.55/hr | Actual |
| 2021 | $20.26/hr | Actual |
| 2022 | $20.95/hr | Actual |
| 2023 | $22.76/hr | Actual |
| 2024 | $21.80/hr | Actual |
| 2025 | $22.14/hr | Actual |
| 2026(current) | $22.47/hr | Estimated |
| 2027 | $22.81/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Pierre grew 8.0% from $20.51/hr (2019) to $22.14/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $22.81/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 Pierre 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 Pierre
When considering part-time work, a real estate agent clocking in at 24 hours a week can take home around $27,870 annually, significantly less than a full-time counterpart. Due to the commission-based nature of the business, true per-diem arrangements are quite rare, with many agents operating as 1099 contractors and often struggling during the initial years when they make less than minimum wage after factoring in unpaid prospecting time. Different brokerage types in Pierre also contribute to the variance in earnings; national firms like Keller Williams or RE/MAX may have established compensation structures compared to local independent or fee-based brokerages. Moreover, agents may choose lower hourly rates with the potential for employee benefits over the commission-based, higher-paying roles that offer no such perks. Negotiating this balance can be crucial for agents in Pierre, especially as industry shifts continue to evolve following the 2024 NAR commission settlement.
More salary data for Pierre, SD:
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 Pierre. 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 Pierre 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