Real Estate Agent Salary in Faribault, MN: $42,906 (2026)
Quick Answer:A full-time real estate agent in Faribault, MN earns a median $42,906/year (≈ $20.62/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Faribault's price level (1% below national, BEA RPP 98.5), that paycheck buys what $43,559 would nationally. Nominal pay sits 5.5% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, real estate agents in Faribault, Minnesota, are projected to earn a median annual salary of $42,906, which reflects the realities of a shifting market post-2024 NAR commission structure changes. This salary places Faribault agents approximately 19.98% lower than the national median of $53,622, with local earnings ranging from $27,186 at the 10th percentile to $66,505 for the top 90th percentile. As the industry continues grappling with new commission models that decouple buyer agent commissions from listing-paid structures, real estate agent pay in Faribault MN shows the impact of regional dynamics. Even with only six agents currently employed in this area, the evolution of commission distribution is reshaping the earning potential for those in the field.
About the Faribault Market
Salary estimated from Minnesota average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $27,186 | $13.07 |
| Lower Range (P25) | $32,264 | $15.51 |
| Median (P50)(typical) | $42,906 | $20.62 |
| Upper Range (P75) | $54,920 | $26.40 |
| Top Earners (P90) | $66,505 | $31.97 |
Median Salary Position
19.98% below the national average
2026 Salary Percentile Distribution in Faribault
In Faribault, MN, the real estate agent salary spread from the 10th to 90th percentile is $39,319 (2026 est.). At $42,906, the local median is 19.98% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Faribault: You'd be in the lower-middle range
How Faribault Real Estate Agent Pay Compares
Faribault median: $42,906/year (2026)
| Compared To | Median Salary | Faribault Pays |
|---|---|---|
| Minnesota Average | $45,403 | -5.50% less |
| National Average | $53,622 | -19.98% less |
Real Estate Agents in Faribault, MN earn a median of $42,906 per year (2026 est.), which is 19.98% lower than the national median of $53,622 and 5.50% below the Minnesota state average of $45,403.
Cost-of-Living Adjusted Salary
Faribault 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.
Faribault, MN has a cost-of-living index of 98.5 (below the national average of 100). A real estate agent earning $42,906 nominally has purchasing power equivalent to $43,559 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$39,151
2025 BLS Actual
$42,272
2026 Current Est.
$42,906
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Faribault (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $39,151 | Actual |
| 2020 | $39,239 | Actual |
| 2021 | $38,679 | Actual |
| 2022 | $39,992 | Actual |
| 2023 | $43,448 | Actual |
| 2024 | $63,271 | Actual |
| 2025 | $42,272 | Actual |
| 2026(current) | $42,906 | Estimated |
| 2027 | $43,550 | Projected |
Based on 7 years of BLS OEWS data for the Faribault metropolitan area, the median real estate agent salary grew 8.0% from $39,151 (2019) to $42,272 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $43,550 by 2027 — a total increase of $4,399 (11.24%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Faribault 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) | $27,186 – $32,264 |
| 3-5 years (Mid Career) | $32,264 – $42,906 |
| 5+ years (Experienced) | $42,906 – $54,920 |
| 10+ years (Top Earner) | $54,920 – $66,505 |
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 Faribault
The cost of living index in Faribault stands at 98.5, which slightly undercuts the national average and suggests that agents may enjoy more purchasing power in this market even at a lower salary range. Local brokerages, particularly independent firms, may offer competitive pay, while national franchises like Keller Williams and RE/MAX might attract top talent with robust networks or specialized training opportunities. The differences in pay primarily stem from transaction volume and average sale price, alongside how commissions are split with brokerages. A higher commission split can significantly boost income, especially for those focusing on higher-value residential or commercial properties. To maximize potential earnings, agents should consider specializing, joining established teams, or expanding their referral networks, adapting to the evolving commission landscape that follows the NAR's recent changes.
More salary data for Faribault, MN:
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 $42,272 for real estate agentsin the Faribault 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 Faribault 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