Real Estate Agent Salary in Troy, MI: $58,975 (2026)
Quick Answer:A full-time real estate agent in Troy, MI earns a median $58,975/year (≈ $28.35/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Troy's price level (7% below national, BEA RPP 93.2), that paycheck buys what $63,278 would nationally. Nominal pay sits 0.6% above the Michigan state average.
Based on BLS state-level estimates · View source
In the wake of the post-2024 NAR commission structure changes, the landscape for real estate agent salaries in Troy, MI, reflects a dynamic shift. By 2026, the median annual salary for real estate professionals in this area is projected to be $58,975, which surpasses the national median of $53,622 by nearly 10%. This local estimate reveals a salary range from $36,205 at the 10th percentile to $91,411 at the 90th percentile, indicating a diverse earning potential based on experience, commission structures, and market specialization. Such figures derive from 2025 BLS data, adjusted for regional cost conditions, which are vital in a market like Troy, where competitive pricing strategies will likely influence overall earnings as agents adapt to new commission models.
About the Troy Market
Salary estimated from Michigan average ($58,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $36,205 | $17.41 |
| Lower Range (P25) | $43,805 | $21.06 |
| Median (P50)(typical) | $58,975 | $28.35 |
| Upper Range (P75) | $75,488 | $36.30 |
| Top Earners (P90) | $91,411 | $43.95 |
Median Salary Position
9.98% above the national average
2026 Salary Percentile Distribution in Troy
In Troy, MI, the real estate agent salary spread from the 10th to 90th percentile is $55,206 (2026 est.). At $58,975, the local median is 9.98% above the national median of $53,622.
Salary Calculator
At 40 hours/week in Troy: You'd be in the lower-middle range
How Troy Real Estate Agent Pay Compares
Troy median: $58,975/year (2026)
| Compared To | Median Salary | Troy Pays |
|---|---|---|
| Michigan Average | $58,623 | +0.60% more |
| National Average | $53,622 | +9.98% more |
Real Estate Agents in Troy, MI earn a median of $58,975 per year (2026 est.), which is 9.98% higher than the national median of $53,622 and 0.60% above the Michigan state average of $58,623.
Cost-of-Living Adjusted Salary
Troy has a cost of living 6.80% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Troy, MI has a cost-of-living index of 93.2 (below the national average of 100). A real estate agent earning $58,975 nominally has purchasing power equivalent to $63,278 in an average-cost city — an effective 7.3% boost.
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2019 BLS Actual
$53,814
2025 BLS Actual
$58,103
2026 Current Est.
$58,975
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Troy (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $53,814 | Actual |
| 2020 | $53,935 | Actual |
| 2021 | $53,165 | Actual |
| 2022 | $54,969 | Actual |
| 2023 | $59,720 | Actual |
| 2024 | $54,391 | Actual |
| 2025 | $58,103 | Actual |
| 2026(current) | $58,975 | Estimated |
| 2027 | $59,859 | Projected |
Based on 7 years of BLS OEWS data for the Troy metropolitan area, the median real estate agent salary grew 8.0% from $53,814 (2019) to $58,103 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $59,859 by 2027 — a total increase of $6,045 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Troy 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) | $36,205 – $43,805 |
| 3-5 years (Mid Career) | $43,805 – $58,975 |
| 5+ years (Experienced) | $58,975 – $75,488 |
| 10+ years (Top Earner) | $75,488 – $91,411 |
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 Troy
Troy’s real estate sector, with approximately 20 agents currently employed, presents unique opportunities, especially given its cost of living index at 93.2. This means that while the take-home pay might seem favorable, it requires astute financial management to maximize purchasing power in a competitive market. Agents affiliated with national franchises, such as Keller Williams or RE/MAX, often enjoy higher pay due to their established brand recognition and extensive client networks. Conversely, independent firms and fee-based brokerages like Redfin may offer lower splits but could fit agents who prioritize flexibility and personal branding. The disparity in earnings can be attributed to factors like transaction volume, average sale price, and the evolving commission split landscape post-NAR settlement. For both team members and solo operators, focusing on specialty niches, like luxury or commercial real estate, can substantially enhance income potential in Troy's real estate market.
More salary data for Troy, MI:
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 $58,103 for real estate agentsin the Troy 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 Troy 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