Real Estate Agent Salary in Phoenix, AZ: $61,803 (2026)
Quick Answer:A full-time real estate agent in Phoenix, AZ earns a median $61,803/year (≈ $29.72/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Phoenix's price level (3% above national, BEA RPP 103.3), that paycheck buys what $59,819 would nationally. Nominal pay sits 6.5% above the Arizona state average.
Official BLS data · View source
With a median annual income of $61,803 in 2026, real estate agents in Phoenix, AZ, surpass the national median by 15.26%, indicative of the region’s robust housing market and transaction volume. Salary ranges demonstrate the earning potential—spanning from $36,195 at the lower end to $117,984 for the top earners—reflecting varying levels of experience and market engagement. This positive figure stems from comprehensive analyses conducted by the Bureau of Labor Statistics (BLS) based on 2025 data projected to 2026, capturing the dynamics of Phoenix's growing real estate landscape. As the Valley of the Sun continues to thrive, its real estate professionals have considerable opportunities to leverage high sales prices and commissions.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $36,195 | $17.40 |
| Lower Range (P25) | $41,940 | $20.17 |
| Median (P50)(typical) | $61,803 | $29.72 |
| Upper Range (P75) | $95,684 | $46.00 |
| Top Earners (P90) | $117,984 | $56.73 |
Median Salary Position
15.26% above the national average
2026 Salary Percentile Distribution in Phoenix
In Phoenix, AZ, the real estate agent salary spread from the 10th to 90th percentile is $81,789 (2026 est.). At $61,803, the local median is 15.26% above the national median of $53,622.
Salary Calculator
At 40 hours/week in Phoenix: You'd be in the lower-middle range
How Phoenix Real Estate Agent Pay Compares
Phoenix median: $61,803/year (2026)
| Compared To | Median Salary | Phoenix Pays |
|---|---|---|
| Arizona Average | $58,031 | +6.50% more |
| National Average | $53,622 | +15.26% more |
Real Estate Agents in Phoenix, AZ earn a median of $61,803 per year (2026 est.), which is 15.26% higher than the national median of $53,622 and 6.50% above the Arizona state average of $58,031.
Cost-of-Living Adjusted Salary
Phoenix has a cost of living 3.32% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Phoenix, AZ has a cost-of-living index of 103.316 (above the national average of 100). While the nominal salary of $61,803 is competitive, the higher cost of living reduces purchasing power to an effective $59,819 — a 3.21% reduction.
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2019 BLS Actual
$38,960
2025 BLS Actual
$60,890
2026 Current Est.
$61,803
2019–2027 Growth
+61.0%
Salary Trajectory for Real Estate Agents in Phoenix (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $38,960 | Actual |
| 2020 | $38,140 | Actual |
| 2021 | $47,230 | Actual |
| 2022 | $58,440 | Actual |
| 2023 | $48,640 | Actual |
| 2024 | $53,370 | Actual |
| 2025 | $60,890 | Actual |
| 2026(current) | $61,803 | Estimated |
| 2027 | $62,730 | Projected |
Based on 7 years of BLS OEWS data for the Phoenix metropolitan area, the median real estate agent salary grew 56.3% from $38,960 (2019) to $60,890 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $62,730 by 2027 — a total increase of $23,770 (61.01%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Phoenix 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $36,195 – $41,940 |
| 3-5 years (Mid Career) | $41,940 – $61,803 |
| 5+ years (Experienced) | $61,803 – $95,684 |
| 10+ years (Top Earner) | $95,684 – $117,984 |
REA salary ranges estimated from BLS percentile data. Individual real estate agent compensation varies by employer, certifications, and specialization.
Real Estate Agent Job Market in Phoenix
The job market for real estate agents in Phoenix is resilient, with approximately 3,930 professionals currently employed in the sector. The region’s cost of living index stands at 103.316, slightly above the national average, suggesting that while agents earn attractive salaries, their take-home purchasing power needs careful management. Agency compensation varies widely, with top-paying employers including national franchise brokerages such as Berkshire Hathaway HomeServices and Coldwell Banker, as well as luxury-oriented firms like Sotheby's. Factors such as transaction volume, commission splits, and the evolving commission structures following the 2024 NAR settlement shape the income landscape. Agents looking to maximize their pay in Phoenix should consider specializing in higher-end markets, aligning with teams known for strong market performance, and building a robust referral network to enhance their earning potential.
More salary data for Phoenix, AZ:
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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $60,890 for real estate agentsin the Phoenix metropolitan area. A 1.50% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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