Real Estate Agent Salary in Rochester, MN: $47,878 (2026)
Quick Answer:A full-time real estate agent in Rochester, MN earns a median $47,878/year (≈ $23.02/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Rochester's price level (9% below national, BEA RPP 90.8), that paycheck buys what $52,717 would nationally. Nominal pay sits 5.4% above the Minnesota state average.
Official BLS data · View source
In Rochester, Minnesota, real estate agents can expect a median annual salary of $47,878, which reflects a notable gap compared to the national median of $53,622 for 2026. This discrepancy emphasizes a market in transition where agents operate under various structural choices, including those who work independently, as part of a team, or with commercial firms. The salary range for agents is quite diverse, with the bottom 10% earning around $35,149 and the top 90% reaching up to $132,153 annually. These figures, derived from 2025 BLS OEWS data projected to 2026, highlight the variability in earnings tied to transaction volume, experience, and personal network strength within the Rochester real estate scene.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $35,149 | $16.90 |
| Lower Range (P25) | $42,640 | $20.50 |
| Median (P50)(typical) | $47,878 | $23.02 |
| Upper Range (P75) | $63,356 | $30.46 |
| Top Earners (P90) | $132,153 | $63.53 |
Median Salary Position
10.71% below the national average
2026 Salary Percentile Distribution in Rochester
In Rochester, MN, the real estate agent salary spread from the 10th to 90th percentile is $97,004 (2026 est.). At $47,878, the local median is 10.71% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Rochester: You'd be in the entry-level range
How Rochester Real Estate Agent Pay Compares
Rochester median: $47,878/year (2026)
| Compared To | Median Salary | Rochester Pays |
|---|---|---|
| Minnesota Average | $45,425 | +5.40% more |
| National Average | $53,622 | -10.71% less |
Real Estate Agents in Rochester, MN earn a median of $47,878 per year (2026 est.), which is 10.71% lower than the national median of $53,622 and 5.40% above the Minnesota state average of $45,425.
Cost-of-Living Adjusted Salary
Rochester has a cost of living 9.18% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Rochester, MN has a cost-of-living index of 90.821 (below the national average of 100). A real estate agent earning $47,878 nominally has purchasing power equivalent to $52,717 in an average-cost city — an effective 10.11% boost.
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2019 BLS Actual
$56,110
2025 BLS Actual
$47,170
2026 Current Est.
$47,878
2019–2027 Growth
+-13.4%
Salary Trajectory for Real Estate Agents in Rochester (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $56,110 | Actual |
| 2020 | $51,740 | Actual |
| 2021 | $31,420 | Actual |
| 2022 | $44,625 | Actual |
| 2023 | $39,800 | Actual |
| 2024 | $49,100 | Actual |
| 2025 | $47,170 | Actual |
| 2026(current) | $47,878 | Estimated |
| 2027 | $48,596 | Projected |
Based on 7 years of BLS OEWS data for the Rochester metropolitan area, the median real estate agent salary grew -15.9% from $56,110 (2019) to $47,170 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $48,596 by 2027 — a total increase of $-7,514 (-13.39%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Rochester 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) | $35,149 – $42,640 |
| 3-5 years (Mid Career) | $42,640 – $47,878 |
| 5+ years (Experienced) | $47,878 – $63,356 |
| 10+ years (Top Earner) | $63,356 – $132,153 |
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 Rochester
The job market for real estate agents in Rochester is strengthening, with approximately 80 agents currently employed in the area. The cost of living index stands at 90.821, illustrating a relatively affordable lifestyle, which allows agents to benefit from their salaries despite the lower average compared to national figures. Among the employers in the region, national franchise brokerages like Keller Williams and RE/MAX generally offer higher compensation due to their brand recognition and support structures. The pay spectrum is influenced by various factors, such as commission splits, with agents often negotiating rates based on their experience and market performance. Additionally, specializing in luxury or commercial real estate can significantly increase earnings potential. Agents seeking to maximize their pay should focus on building a strong referral network and targeting high-value transactions while remaining adaptable to the upcoming changes brought by the NAR commission settlement in 2024.
More salary data for Rochester, 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 $47,170 for real estate agentsin the Rochester 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