Real Estate Agent Salary in Chaska, MN: $44,888 (2026)
Quick Answer:A full-time real estate agent in Chaska, MN earns a median $44,888/year (≈ $21.58/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Chaska's price level (1% below national, BEA RPP 98.5), that paycheck buys what $45,572 would nationally. Nominal pay sits 1.2% below the Minnesota state average.
Based on BLS state-level estimates · View source
The landscape for real estate agent salary in Chaska, MN, has undergone significant change following the 2024 NAR settlement, which has impacted commission structures across the industry. In 2026, agents in Chaska are projected to earn a median annual salary of $44,888, with a range extending from $28,593 at the lower end to $69,577 at the upper end. These figures represent local estimates derived from BLS state-level data and adjusted for regional cost factors, highlighting a local earning potential that sits below the national median of $53,622. As a community with a modest cost of living index at 98.5, these salary estimates reflect both the demand for agents in the area and the evolving economic pressures that shape their compensation.
About the Chaska Market
Salary estimated from Minnesota average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $28,593 | $13.74 |
| Lower Range (P25) | $33,989 | $16.34 |
| Median (P50)(typical) | $44,888 | $21.58 |
| Upper Range (P75) | $57,457 | $27.63 |
| Top Earners (P90) | $69,577 | $33.45 |
Median Salary Position
16.29% below the national average
2026 Salary Percentile Distribution in Chaska
In Chaska, MN, the real estate agent salary spread from the 10th to 90th percentile is $40,984 (2026 est.). At $44,888, the local median is 16.29% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Chaska: You'd be in the lower-middle range
How Chaska Real Estate Agent Pay Compares
Chaska median: $44,888/year (2026)
| Compared To | Median Salary | Chaska Pays |
|---|---|---|
| Minnesota Average | $45,434 | -1.20% less |
| National Average | $53,622 | -16.29% less |
Real Estate Agents in Chaska, MN earn a median of $44,888 per year (2026 est.), which is 16.29% lower than the national median of $53,622 and 1.20% below the Minnesota state average of $45,434.
Cost-of-Living Adjusted Salary
Chaska has a cost of living 1.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Chaska, MN has a cost-of-living index of 98.5 (below the national average of 100). A real estate agent earning $44,888 nominally has purchasing power equivalent to $45,572 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$40,960
2025 BLS Actual
$44,225
2026 Current Est.
$44,888
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Chaska (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $40,960 | Actual |
| 2020 | $41,052 | Actual |
| 2021 | $40,466 | Actual |
| 2022 | $41,839 | Actual |
| 2023 | $45,456 | Actual |
| 2024 | $66,195 | Actual |
| 2025 | $44,225 | Actual |
| 2026(current) | $44,888 | Estimated |
| 2027 | $45,562 | Projected |
Based on 7 years of BLS OEWS data for the Chaska metropolitan area, the median real estate agent salary grew 8.0% from $40,960 (2019) to $44,225 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $45,562 by 2027 — a total increase of $4,602 (11.24%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Chaska 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) | $28,593 – $33,989 |
| 3-5 years (Mid Career) | $33,989 – $44,888 |
| 5+ years (Experienced) | $44,888 – $57,457 |
| 10+ years (Top Earner) | $57,457 – $69,577 |
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 Chaska
In analyzing the local job market, there are only five active real estate agents employed in Chaska. The relatively low number of agents can lead to unique opportunities for those looking to maximize earnings. While the cost of living is below the national average, agents should strategically focus on higher-paying employers like established national franchise brokerages, which often provide better commission splits and resources. The variance in pay can be attributed to several factors including transaction volumes, average sale prices, and commission structures that agents negotiate with their brokerages. With the shift to a more decentralized commission model following the recent industry changes, successful agents might want to specialize in niches like luxury or commercial real estate, which often command higher commissions. For those in Chaska, aligning with effective team operations or luxury market segments could yield favorable payoffs in a competitive yet rewarding environment.
More salary data for Chaska, MN:
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 $44,225 for real estate agentsin the Chaska 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 Chaska 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