Real Estate Agent Salary in Shelbyville, IN: $46,712 (2026)
Quick Answer:A full-time real estate agent in Shelbyville, IN earns a median $46,712/year (≈ $22.46/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Shelbyville's price level (9% below national, BEA RPP 91.3), that paycheck buys what $51,163 would nationally. Nominal pay sits 4.8% below the Indiana state average.
Based on BLS state-level estimates · View source
In Shelbyville, Indiana, the projected median annual income for real estate agents in 2026 stands at $46,712, which is notably lower than the national median of $53,622. The salary range for agents varies significantly, spanning from $30,259 at the lowest 10th percentile to $72,404 at the 90th percentile, highlighting the potential for income disparities based on individual performance as well as structural choices, such as operating as part of a team versus working solo. Local estimates, derived from BLS state-level data adjusted for regional cost variances, indicate that the market's unique characteristics influence compensation packages. Given the backdrop of a competitive real estate environment, understanding these salary dynamics is essential for agents in Shelbyville seeking to enhance their earnings.
About the Shelbyville Market
Salary estimated from Indiana average ($55,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $30,259 | $14.54 |
| Lower Range (P25) | $35,607 | $17.12 |
| Median (P50)(typical) | $46,712 | $22.46 |
| Upper Range (P75) | $59,792 | $28.74 |
| Top Earners (P90) | $72,404 | $34.81 |
Median Salary Position
12.89% below the national average
2026 Salary Percentile Distribution in Shelbyville
In Shelbyville, IN, the real estate agent salary spread from the 10th to 90th percentile is $42,145 (2026 est.). At $46,712, the local median is 12.89% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Shelbyville: You'd be in the lower-middle range
How Shelbyville Real Estate Agent Pay Compares
Shelbyville median: $46,712/year (2026)
| Compared To | Median Salary | Shelbyville Pays |
|---|---|---|
| Indiana Average | $49,068 | -4.80% less |
| National Average | $53,622 | -12.89% less |
Real Estate Agents in Shelbyville, IN earn a median of $46,712 per year (2026 est.), which is 12.89% lower than the national median of $53,622 and 4.80% below the Indiana state average of $49,068.
Cost-of-Living Adjusted Salary
Shelbyville has a cost of living 8.70% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Shelbyville, IN has a cost-of-living index of 91.3 (below the national average of 100). A real estate agent earning $46,712 nominally has purchasing power equivalent to $51,163 in an average-cost city — an effective 9.53% boost.
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2019 BLS Actual
$42,625
2025 BLS Actual
$46,022
2026 Current Est.
$46,712
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Shelbyville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $42,625 | Actual |
| 2020 | $42,720 | Actual |
| 2021 | $42,111 | Actual |
| 2022 | $43,539 | Actual |
| 2023 | $47,303 | Actual |
| 2024 | $47,827 | Actual |
| 2025 | $46,022 | Actual |
| 2026(current) | $46,712 | Estimated |
| 2027 | $47,413 | Projected |
Based on 7 years of BLS OEWS data for the Shelbyville metropolitan area, the median real estate agent salary grew 8.0% from $42,625 (2019) to $46,022 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $47,413 by 2027 — a total increase of $4,788 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Shelbyville 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) | $30,259 – $35,607 |
| 3-5 years (Mid Career) | $35,607 – $46,712 |
| 5+ years (Experienced) | $46,712 – $59,792 |
| 10+ years (Top Earner) | $59,792 – $72,404 |
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 Shelbyville
Employment opportunities for real estate agents in Shelbyville remain modest, with only five agents currently practicing in the area. The local cost of living, with an index of 91.3, allows the average agent's salary to stretch further than it might in higher-cost regions. In this market, agents affiliated with national franchise brokerages such as Keller Williams or Coldwell Banker may find greater earning potential, owing to their established networks and marketing support. The differences in pay can also stem from transaction volumes, commission splits, and the nature of local transactions. Factors like membership in a successful team can significantly influence take-home pay, particularly in light of the changes brought about by the post-2024 NAR commission settlement, which may impact how commissions are structured. Agents aiming for higher earnings in Shelbyville should focus on building a robust referral network, specializing in higher-value properties or expanding their skills to handle commercial transactions.
More salary data for Shelbyville, IN:
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
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 $46,022 for real estate agentsin the Shelbyville 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 Shelbyville 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