Real Estate Agent Salary in Inver Grove Heights, MN: $44,526 (2026)
Quick Answer:A full-time real estate agent in Inver Grove Heights, MN earns a median $44,526/year (≈ $21.41/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Inver Grove Heights's price level (1% below national, BEA RPP 98.5), that paycheck buys what $45,204 would nationally. Nominal pay sits 2.0% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, a typical real estate agent in Inver Grove Heights, Minnesota, can expect an annual salary of around $44,526, which reflects a significant difference compared to the national average of $53,622. The local salary range spans from $27,757 at the lower end (P10) to $69,015 for top earners (P90), illustrating the varied earning potential for agents in this market. These figures, based on 2025 BLS data and adjusted for regional cost dynamics, paint a picture of a market where transaction volume and average sales prices directly impact agents' earnings. Given the relatively modest salaries here, agents may need to strategically focus on niche markets or high-commission properties to maximize their pay in this competitive environment.
About the Inver Grove Heights Market
Salary estimated from Minnesota average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $27,757 | $13.35 |
| Lower Range (P25) | $33,269 | $16.00 |
| Median (P50)(typical) | $44,526 | $21.41 |
| Upper Range (P75) | $56,993 | $27.40 |
| Top Earners (P90) | $69,015 | $33.18 |
Median Salary Position
16.96% below the national average
2026 Salary Percentile Distribution in Inver Grove Heights
In Inver Grove Heights, MN, the real estate agent salary spread from the 10th to 90th percentile is $41,258 (2026 est.). At $44,526, the local median is 16.96% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Inver Grove Heights: You'd be in the lower-middle range
How Inver Grove Heights Real Estate Agent Pay Compares
Inver Grove Heights median: $44,526/year (2026)
| Compared To | Median Salary | Inver Grove Heights Pays |
|---|---|---|
| Minnesota Average | $45,435 | -2.00% less |
| National Average | $53,622 | -16.96% less |
Real Estate Agents in Inver Grove Heights, MN earn a median of $44,526 per year (2026 est.), which is 16.96% lower than the national median of $53,622 and 2.00% below the Minnesota state average of $45,435.
Cost-of-Living Adjusted Salary
Inver Grove Heights 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.
Inver Grove Heights, MN has a cost-of-living index of 98.5 (below the national average of 100). A real estate agent earning $44,526 nominally has purchasing power equivalent to $45,204 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$40,630
2025 BLS Actual
$43,868
2026 Current Est.
$44,526
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Inver Grove Heights (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $40,630 | Actual |
| 2020 | $40,721 | Actual |
| 2021 | $40,140 | Actual |
| 2022 | $41,501 | Actual |
| 2023 | $45,089 | Actual |
| 2024 | $65,659 | Actual |
| 2025 | $43,868 | Actual |
| 2026(current) | $44,526 | Estimated |
| 2027 | $45,194 | Projected |
Based on 7 years of BLS OEWS data for the Inver Grove Heights metropolitan area, the median real estate agent salary grew 8.0% from $40,630 (2019) to $43,868 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $45,194 by 2027 — a total increase of $4,564 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Inver Grove Heights 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) | $27,757 – $33,269 |
| 3-5 years (Mid Career) | $33,269 – $44,526 |
| 5+ years (Experienced) | $44,526 – $56,993 |
| 10+ years (Top Earner) | $56,993 – $69,015 |
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 Inver Grove Heights
Despite the lower-than-average compensation, the real estate job market in Inver Grove Heights consists of ten active agents, indicating a steady presence in the industry. The area's cost of living index at 98.5 suggests that while salaries may not be as high as the national standard, purchasing power remains reasonably approachable. Among various employers, national franchises such as Keller Williams or RE/MAX typically offer better pay structures compared to local independent brokerages. Factors such as commission splits with brokerages and the type of real estate being sold—residential versus luxury or commercial—create disparities in agent remuneration. Agents seeking to improve their earnings may benefit by joining high-performance teams, specializing in high-value properties, or developing strong referral networks, especially in light of the commission model shifts post-2024 NAR settlement that could reshape compensation norms across the industry.
More salary data for Inver Grove Heights, 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 $43,868 for real estate agentsin the Inver Grove Heights 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 Inver Grove Heights 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