Real Estate Agent Salary in Owatonna, MN: $45,089 (2026)
Quick Answer:A full-time real estate agent in Owatonna, MN earns a median $45,089/year (≈ $21.68/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Owatonna's price level (1% below national, BEA RPP 98.5), that paycheck buys what $45,776 would nationally. Nominal pay sits 0.7% below the Minnesota state average.
Based on BLS state-level estimates · View source
In the wake of the post-2024 NAR settlement, the real estate market in Owatonna, Minnesota reflects a significant shift in commission structures and compensation dynamics for professionals in the field. In 2026, real estate agents in Owatonna are projected to earn a median annual salary of $45,089, sitting below the national median of $53,622 by approximately 15.91%. The local salary range presents variability, from $27,703 at the 10th percentile to $69,889 at the 90th percentile, showcasing the differences in earnings potential among agents based on their performance and the properties they handle. These figures are based on 2025 BLS data, projected to 2026, and adjusted with regional cost considerations, highlighting how market conditions directly influence compensation levels in Owatonna’s real estate sector.
About the Owatonna Market
Salary estimated from Minnesota average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $27,703 | $13.32 |
| Lower Range (P25) | $33,390 | $16.06 |
| Median (P50)(typical) | $45,089 | $21.68 |
| Upper Range (P75) | $57,714 | $27.75 |
| Top Earners (P90) | $69,889 | $33.60 |
Median Salary Position
15.91% below the national average
2026 Salary Percentile Distribution in Owatonna
In Owatonna, MN, the real estate agent salary spread from the 10th to 90th percentile is $42,186 (2026 est.). At $45,089, the local median is 15.91% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Owatonna: You'd be in the lower-middle range
How Owatonna Real Estate Agent Pay Compares
Owatonna median: $45,089/year (2026)
| Compared To | Median Salary | Owatonna Pays |
|---|---|---|
| Minnesota Average | $45,407 | -0.70% less |
| National Average | $53,622 | -15.91% less |
Real Estate Agents in Owatonna, MN earn a median of $45,089 per year (2026 est.), which is 15.91% lower than the national median of $53,622 and 0.70% below the Minnesota state average of $45,407.
Cost-of-Living Adjusted Salary
Owatonna 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.
Owatonna, MN has a cost-of-living index of 98.5 (below the national average of 100). A real estate agent earning $45,089 nominally has purchasing power equivalent to $45,776 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$41,144
2025 BLS Actual
$44,423
2026 Current Est.
$45,089
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Owatonna (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $41,144 | Actual |
| 2020 | $41,236 | Actual |
| 2021 | $40,648 | Actual |
| 2022 | $42,027 | Actual |
| 2023 | $45,659 | Actual |
| 2024 | $66,491 | Actual |
| 2025 | $44,423 | Actual |
| 2026(current) | $45,089 | Estimated |
| 2027 | $45,766 | Projected |
Based on 7 years of BLS OEWS data for the Owatonna metropolitan area, the median real estate agent salary grew 8.0% from $41,144 (2019) to $44,423 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $45,766 by 2027 — a total increase of $4,622 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Owatonna 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) | $27,703 – $33,390 |
| 3-5 years (Mid Career) | $33,390 – $45,089 |
| 5+ years (Experienced) | $45,089 – $57,714 |
| 10+ years (Top Earner) | $57,714 – $69,889 |
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 Owatonna
The employment landscape for real estate agents in Owatonna is relatively small, with just six licensed professionals actively working in the area. The cost of living index stands at 98.5, suggesting that while salaries may be lower than national averages, the purchasing power remains more favorable within the local context. Agents affiliated with larger national brokerages such as Keller Williams or RE/MAX may see slightly higher earnings compared to their independent counterparts, as these firms can provide broader exposure and more extensive resources. The wider salary spectrum we observe can also stem from various factors including transaction volume, average sale prices, and individual commission structures between agents and brokerages. As the commission-based nature of real estate means that maximizing earnings often rests on volume and networking, agents in Owatonna can enhance their pay by strategically aligning with high-performing teams, specializing in higher-value transactions, and building a strong referral network, especially as the commission landscape continues to adapt following the recent industry reforms.
More salary data for Owatonna, 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 $44,423 for real estate agentsin the Owatonna 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 Owatonna 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