Real Estate Agent Hourly Pay in Sheridan, WY: $23.58 (2026)
Quick Answer:Hourly pay for a real estate agent working in Sheridan, WY runs $23.58 at the median for 2026 — annualizing to $49,047 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Sheridan's regional price level (BEA RPP 95.8, 4% below national), each hour of work buys what $24.61 nationally would. A 24-hour part-time schedule grosses $29,426 per year.
Based on BLS state-level estimates · View source
In Sheridan, WY, real estate agents earn a median hourly pay of $23.58, which falls below the national median of $25.78. This difference may be particularly significant for those working part-time or in per-diem roles, as the nature of real estate often requires flexibility to accommodate client meetings, property tours, and showings. With hourly rates ranging from $15.38 for entry-level positions to $36.55 for the highest earners, agents balancing their time between various tasks, whether in brokerage offices or remotely, must navigate a commission-driven environment that offers diverse work settings while ensuring income stability. For agents deeply integrated into their client’s journey, blending traditional showings with remote options is critical in today’s market.
About the Sheridan Market
Salary estimated from Wyoming average ($58,000) adjusted for local cost of living.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $15.38 | $123.02 |
| Lower Range (P25) | $18.05 | $144.37 |
| Median (P50) | $23.58 | $188.63 |
| Upper Range (P75) | $30.19 | $241.49 |
| Top Earners (P90) | $36.55 | $292.40 |
Estimated Annual Income by Work Schedule in Sheridan
Based on $23.58/hr median hourly rate · 2026 est.
At $23.58/hr, a real estate agent working full-time (40 hr/wk) in Sheridan, WY can expect to earn approximately $49,043 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $28,294. With a cost-of-living index of 95.80 (below the national average), these earnings stretch further in Sheridan.
Hourly Rate Calculator
Schedule Comparison in Sheridan
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $943.14 | $4,087 | $49,043 |
| Part-Time (24 hrs) | $565.88 | $2,452 | $29,426 |
| Per Diem (16 hrs) | $377.26 | $1,635 | $19,617 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Sheridan) | $23.58 |
| 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 Sheridan, WY earn a median of $49,047 per year (2026 est.), which is 8.53% lower than the national median of $53,622 and 4.50% below the Wyoming state average of $51,358.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $23.58/hr = $29,426/year (purchasing power: $30,716).
Working 40h/week (full-time) = $49,043/year (purchasing power: $51,193).
CoL index: 95.8 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$21.52/hr
2025 BLS Actual
$23.23/hr
2026 Current Est.
$23.58/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in Sheridan (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $21.52/hr | Actual |
| 2020 | $21.56/hr | Actual |
| 2021 | $21.26/hr | Actual |
| 2022 | $21.98/hr | Actual |
| 2023 | $23.88/hr | Actual |
| 2024 | $25.51/hr | Actual |
| 2025 | $23.23/hr | Actual |
| 2026(current) | $23.58/hr | Estimated |
| 2027 | $23.93/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Sheridan grew 8.0% from $21.52/hr (2019) to $23.23/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $23.93/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 Sheridan 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 Sheridan
Combining an understanding of the current landscape with earning potential is vital for agents contemplating their work structure. For those considering a part-time schedule of three days a week, their annual earnings can differ significantly compared to full-time counterparts due to the commission-based nature of real estate, often leading to fluctuating income. The per diem opportunities in real estate are relatively limited, as most agents operate as independent contractors, relying on commission with the reality of earning anywhere from $40,000 to $80,000 on base salaries for team buyer's agents. In Sheridan, hourly earnings can vary widely across different employer types, including national franchises, independent brokerages, and luxury firms, often reflecting a trade-off between higher hourly pay without benefits and lower rates with health insurance. Understanding these dynamics is crucial for successful negotiations, especially as the industry adjusts to changes from the recent NAR commission settlement, impacting commission structures and compensation models.
More salary data for Sheridan, WY:
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 Sheridan. 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 Sheridan 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