Real Estate Agent Salary in Shakopee, MN: $43,993 (2026)
Quick Answer:A full-time real estate agent in Shakopee, MN earns a median $43,993/year (≈ $21.15/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Shakopee's price level (1% below national, BEA RPP 98.5), that paycheck buys what $44,663 would nationally. Nominal pay sits 3.1% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, real estate agents in Shakopee, Minnesota, are projected to earn a median annual salary of $43,993, which falls notably below the national median of $53,622. The salary range for agents in the area is between $29,990 at the 10th percentile and $68,190 at the 90th percentile, indicating a significant variation in earnings depending on experience, commission structures, and market activity. Local estimates derived from BLS data and adjusted for regional price levels highlight Shakopee's unique market dynamics. Given the growing real estate activity in Shakopee, agents play a critical role in navigating diverse buyer needs, influencing how market performance directly impacts earning potential.
About the Shakopee Market
Salary estimated from Minnesota average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $29,990 | $14.42 |
| Lower Range (P25) | $34,903 | $16.78 |
| Median (P50)(typical) | $43,993 | $21.15 |
| Upper Range (P75) | $56,311 | $27.07 |
| Top Earners (P90) | $68,190 | $32.78 |
Median Salary Position
17.96% below the national average
2026 Salary Percentile Distribution in Shakopee
In Shakopee, MN, the real estate agent salary spread from the 10th to 90th percentile is $38,200 (2026 est.). At $43,993, the local median is 17.96% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Shakopee: You'd be in the lower-middle range
How Shakopee Real Estate Agent Pay Compares
Shakopee median: $43,993/year (2026)
| Compared To | Median Salary | Shakopee Pays |
|---|---|---|
| Minnesota Average | $45,401 | -3.10% less |
| National Average | $53,622 | -17.96% less |
Real Estate Agents in Shakopee, MN earn a median of $43,993 per year (2026 est.), which is 17.96% lower than the national median of $53,622 and 3.10% below the Minnesota state average of $45,401.
Cost-of-Living Adjusted Salary
Shakopee 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.
Shakopee, MN has a cost-of-living index of 98.5 (below the national average of 100). A real estate agent earning $43,993 nominally has purchasing power equivalent to $44,663 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$40,143
2025 BLS Actual
$43,343
2026 Current Est.
$43,993
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Shakopee (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $40,143 | Actual |
| 2020 | $40,234 | Actual |
| 2021 | $39,659 | Actual |
| 2022 | $41,005 | Actual |
| 2023 | $44,549 | Actual |
| 2024 | $64,874 | Actual |
| 2025 | $43,343 | Actual |
| 2026(current) | $43,993 | Estimated |
| 2027 | $44,653 | Projected |
Based on 7 years of BLS OEWS data for the Shakopee metropolitan area, the median real estate agent salary grew 8.0% from $40,143 (2019) to $43,343 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $44,653 by 2027 — a total increase of $4,510 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Shakopee 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) | $29,990 – $34,903 |
| 3-5 years (Mid Career) | $34,903 – $43,993 |
| 5+ years (Experienced) | $43,993 – $56,311 |
| 10+ years (Top Earner) | $56,311 – $68,190 |
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 Shakopee
The job market for real estate agents in Shakopee consists of just 11 professionals, reflecting a tight employment pool that can influence both competition and collaboration within the local landscape. With a cost-of-living index of 98.5, agents can enjoy a slightly lower living expense, potentially boosting their purchasing power compared to larger markets. Top-paying employers in the area typically include national franchise brokerages, which often offer larger market share and consistent referrals. The discrepancy in real estate agent pay in Shakopee can be attributed to various factors, including transaction volume, average sale prices, and commission splits with brokerages, which can range significantly. Strategies for maximizing earnings in this market involve focusing on team collaboration for referrals, adapting to commission structure changes post-2024 NAR settlement, and specializing in higher-value transactions or niche markets.
More salary data for Shakopee, 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 $43,343 for real estate agentsin the Shakopee 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 Shakopee 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