Real Estate Agent Hourly Pay in Morristown, TN: $22.46 (2026)
Quick Answer:Hourly pay for a real estate agent working in Morristown, TN runs $22.46 at the median for 2026 — annualizing to $46,726 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Morristown's regional price level (BEA RPP 91.8, 8% below national), each hour of work buys what $24.47 nationally would. A 24-hour part-time schedule grosses $28,033 per year.
Based on BLS state-level estimates · View source
In Morristown, Tennessee, the projected real estate agent hourly pay for 2026 is $22.46, which is noticeably lower than the national hourly median of $25.78. This rate reflects a real estate landscape where agents often operate on flexible schedules, making it ideal for part-time work, such as those pursuing the profession three days a week. In a typical week, agents may find themselves working out of brokerage offices, conducting property tours, presenting listings to potential sellers, and attending closing tables at title companies; this flexibility allows them to manage varied work assignments. The hourly pay range in Morristown extends from $14.36 for entry-level positions to $34.81 for those at the top of the earnings spectrum, providing a glimpse into the compensation scale tied to experience and performance in this local market.
About the Morristown Market
Salary estimated from Tennessee average ($58,000) adjusted for local cost of living.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $14.36 | $114.90 |
| Lower Range (P25) | $17.07 | $136.58 |
| Median (P50) | $22.46 | $179.70 |
| Upper Range (P75) | $28.75 | $230.04 |
| Top Earners (P90) | $34.81 | $278.52 |
Estimated Annual Income by Work Schedule in Morristown
Based on $22.46/hr median hourly rate · 2026 est.
At $22.46/hr, a real estate agent working full-time (40 hr/wk) in Morristown, TN can expect to earn approximately $46,721 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $26,954. With a cost-of-living index of 91.80 (below the national average), these earnings stretch further in Morristown.
Hourly Rate Calculator
Schedule Comparison in Morristown
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $898.48 | $3,893 | $46,721 |
| Part-Time (24 hrs) | $539.09 | $2,336 | $28,033 |
| Per Diem (16 hrs) | $359.39 | $1,557 | $18,688 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Morristown) | $22.46 |
| 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 Morristown, TN earn a median of $46,726 per year (2026 est.), which is 12.86% lower than the national median of $53,622 and 1.00% below the Tennessee state average of $47,197.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $22.46/hr = $28,033/year (purchasing power: $30,537).
Working 40h/week (full-time) = $46,721/year (purchasing power: $50,894).
CoL index: 91.8 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$20.50/hr
2025 BLS Actual
$22.13/hr
2026 Current Est.
$22.46/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in Morristown (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $20.50/hr | Actual |
| 2020 | $20.54/hr | Actual |
| 2021 | $20.25/hr | Actual |
| 2022 | $20.94/hr | Actual |
| 2023 | $22.75/hr | Actual |
| 2024 | $25.35/hr | Actual |
| 2025 | $22.13/hr | Actual |
| 2026(current) | $22.46/hr | Estimated |
| 2027 | $22.80/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Morristown grew 8.0% from $20.50/hr (2019) to $22.13/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $22.80/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 Morristown 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 Morristown
For those contemplating part-time opportunities as a real estate agent, the financial outcomes can differ significantly when comparing work schedules. Agents who work just 24 hours per week could potentially see annual earnings different from full-time colleagues, as their income is largely commission-based and can sometimes result in earnings below minimum wage during the initial years due to unpaid prospecting efforts. Although per-diem arrangements are rare, top performers can command hourly equivalents ranging from $100 to $300, while newer agents often find themselves earning substantially less. Local variations also emerge, influenced by whether agents are affiliated with national franchises, independent brokerages, or specialty firms; these different structures can offer varying hourly compensation levels, with some sacrificing larger hourly rates for benefits such as health insurance. Effective negotiation skills become essential for hourly workers in Morristown, especially as the local market responds to industry shifts following the 2024 NAR settlement, redefining how commissions are distributed and narrowing the gap between team structures and solo practices.
More salary data for Morristown, TN:
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 Morristown. 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 Morristown 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