Real Estate Agent Salary in Oak Park, IL: $46,280 (2026)
Quick Answer:A full-time real estate agent in Oak Park, IL earns a median $46,280/year (≈ $22.25/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Oak Park's price level (3% below national, BEA RPP 97.1), that paycheck buys what $47,662 would nationally. Nominal pay sits 0.7% below the Illinois state average.
Based on BLS state-level estimates · View source
In Oak Park, Illinois, the projected median annual salary for real estate agents stands at $46,280 for 2026, reflecting a competitive market influenced by the local dynamics of team-based versus solo agent practices. With a salary range between $27,404 and $71,734, these figures highlight a significant disparity based on various factors, including the agent's operational structure—whether they are part of a team or working independently—as well as their specialization, such as commercial versus residential real estate. According to estimates derived from 2025 BLS data and regional price adjustments, agents in Oak Park earn notably less than the national median salary of $53,622, indicating a unique local market with its own compensation characteristics.
About the Oak Park Market
Salary estimated from Illinois average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $27,404 | $13.17 |
| Lower Range (P25) | $36,398 | $17.50 |
| Median (P50)(typical) | $46,280 | $22.25 |
| Upper Range (P75) | $59,238 | $28.48 |
| Top Earners (P90) | $71,734 | $34.49 |
Median Salary Position
13.69% below the national average
2026 Salary Percentile Distribution in Oak Park
In Oak Park, IL, the real estate agent salary spread from the 10th to 90th percentile is $44,330 (2026 est.). At $46,280, the local median is 13.69% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Oak Park: You'd be in the lower-middle range
How Oak Park Real Estate Agent Pay Compares
Oak Park median: $46,280/year (2026)
| Compared To | Median Salary | Oak Park Pays |
|---|---|---|
| Illinois Average | $46,606 | -0.70% less |
| National Average | $53,622 | -13.69% less |
Real Estate Agents in Oak Park, IL earn a median of $46,280 per year (2026 est.), which is 13.69% lower than the national median of $53,622 and 0.70% below the Illinois state average of $46,606.
Cost-of-Living Adjusted Salary
Oak Park has a cost of living 2.90% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Oak Park, IL has a cost-of-living index of 97.1 (below the national average of 100). A real estate agent earning $46,280 nominally has purchasing power equivalent to $47,662 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$42,230
2025 BLS Actual
$45,596
2026 Current Est.
$46,280
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Oak Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $42,230 | Actual |
| 2020 | $42,325 | Actual |
| 2021 | $41,721 | Actual |
| 2022 | $43,136 | Actual |
| 2023 | $46,865 | Actual |
| 2024 | $65,548 | Actual |
| 2025 | $45,596 | Actual |
| 2026(current) | $46,280 | Estimated |
| 2027 | $46,974 | Projected |
Based on 7 years of BLS OEWS data for the Oak Park metropolitan area, the median real estate agent salary grew 8.0% from $42,230 (2019) to $45,596 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $46,974 by 2027 — a total increase of $4,744 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Oak Park 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) | $27,404 – $36,398 |
| 3-5 years (Mid Career) | $36,398 – $46,280 |
| 5+ years (Experienced) | $46,280 – $59,238 |
| 10+ years (Top Earner) | $59,238 – $71,734 |
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 Oak Park
While Oak Park currently employs ten real estate agents, a relatively small market size doesn’t diminish the potential for earnings. The cost of living index at 97.1 suggests that while housing costs are below national averages, agents must still navigate the realities of income to maintain purchasing power. National franchise brokerages like Keller Williams and RE/MAX tend to offer higher compensation compared to local independents, particularly for agents specializing in luxury markets. The variation between lower and higher earnings can largely be attributed to common factors such as transaction volume, commission structures, and agent experience—especially as the real estate landscape adjusts to the post-2024 NAR settlement affecting commission arrangements. Aspiring agents in Oak Park could benefit from joining established teams, focusing on higher-end properties, or developing a strong referral network to maximize their real estate agent pay in Oak Park IL.
More salary data for Oak Park, IL:
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 $45,596 for real estate agentsin the Oak Park 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
Salary data for Oak Park 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