Real Estate Agent Salary in Minneapolis, MN: $47,106 (2026)
Quick Answer:A full-time real estate agent in Minneapolis, MN earns a median $47,106/year (≈ $22.64/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Minneapolis's price level (5% above national, BEA RPP 104.8), that paycheck buys what $44,939 would nationally. Nominal pay sits 3.7% above the Minnesota state average.
Official BLS data · View source
In 2026, real estate agents in Minneapolis, Minnesota, are projected to earn a median annual salary of $47,106, which reflects a notable difference compared to the national median of $53,622. The salary range for agents in the area spans from $36,763 at the 10th percentile to $109,661 at the 90th percentile, indicating a significant pay variation based on factors such as experience, market specialization, and structural choices like teamwork versus solo practices. This data is derived from 2025 BLS OEWS surveys, revealing Minneapolis's dynamic real estate environment. Agents operating within teams may find the potential for higher earnings due to shared resources and lead generation, while those working independently might retain more commission but shoulder greater responsibility for marketing and client acquisition.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $36,763 | $17.67 |
| Lower Range (P25) | $43,929 | $21.12 |
| Median (P50)(typical) | $47,106 | $22.64 |
| Upper Range (P75) | $63,001 | $30.29 |
| Top Earners (P90) | $109,661 | $52.72 |
Median Salary Position
12.15% below the national average
2026 Salary Percentile Distribution in Minneapolis
In Minneapolis, MN, the real estate agent salary spread from the 10th to 90th percentile is $72,898 (2026 est.). At $47,106, the local median is 12.15% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Minneapolis: You'd be in the entry-level range
How Minneapolis Real Estate Agent Pay Compares
Minneapolis median: $47,106/year (2026)
| Compared To | Median Salary | Minneapolis Pays |
|---|---|---|
| Minnesota Average | $45,425 | +3.70% more |
| National Average | $53,622 | -12.15% less |
Real Estate Agents in Minneapolis, MN earn a median of $47,106 per year (2026 est.), which is 12.15% lower than the national median of $53,622 and 3.70% above the Minnesota state average of $45,425.
Cost-of-Living Adjusted Salary
Minneapolis has a cost of living 4.82% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Minneapolis, MN has a cost-of-living index of 104.822 (above the national average of 100). While the nominal salary of $47,106 is competitive, the higher cost of living reduces purchasing power to an effective $44,939 — a 4.6% reduction.
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2019 BLS Actual
$38,850
2025 BLS Actual
$46,410
2026 Current Est.
$47,106
2019–2027 Growth
+23.1%
Salary Trajectory for Real Estate Agents in Minneapolis (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $38,850 | Actual |
| 2020 | $38,470 | Actual |
| 2021 | $37,220 | Actual |
| 2022 | $43,906 | Actual |
| 2023 | $44,270 | Actual |
| 2024 | $46,790 | Actual |
| 2025 | $46,410 | Actual |
| 2026(current) | $47,106 | Estimated |
| 2027 | $47,813 | Projected |
Based on 7 years of BLS OEWS data for the Minneapolis metropolitan area, the median real estate agent salary grew 19.5% from $38,850 (2019) to $46,410 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $47,813 by 2027 — a total increase of $8,963 (23.07%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Minneapolis 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) | $36,763 – $43,929 |
| 3-5 years (Mid Career) | $43,929 – $47,106 |
| 5+ years (Experienced) | $47,106 – $63,001 |
| 10+ years (Top Earner) | $63,001 – $109,661 |
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 Minneapolis
The job market for real estate agents in Minneapolis showcases robust activity, with approximately 1,980 professionals employed in the sector. However, the cost of living, reflected in a cost-of-living index of 104.822, means that take-home salaries must be carefully managed to maintain purchasing power. Among local firms, national franchise brokerages like Keller Williams and Coldwell Banker tend to offer some of the highest compensation, especially for agents involved in higher transaction volumes or luxury sales. The dispersion in earnings can be attributed to a variety of factors, including commission splits and the concentration of luxury or commercial transactions. With the anticipated changes following the 2024 NAR settlement impacting commission structures, agents should focus on building strong referral networks and choosing strategic partnerships to maximize their pay in this competitive Minneapolis market.
More salary data for Minneapolis, 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 $46,410 for real estate agentsin the Minneapolis 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
Source: BLS, OEWS, 6-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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