Real Estate Agent Salary in St. Louis Park, MN: $43,746 (2026)
Quick Answer:A full-time real estate agent in St. Louis Park, MN earns a median $43,746/year (≈ $21.03/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in St. Louis Park's price level (1% below national, BEA RPP 98.5), that paycheck buys what $44,412 would nationally. Nominal pay sits 3.7% below the Minnesota state average.
Based on BLS state-level estimates · View source
In St. Louis Park, Minnesota, real estate professionals earn a median annual salary of $43,746, which reflects the local market's unique dynamics compared to the national median of $53,622. With salaries ranging from $28,287 at the lowest end to $67,807 at the highest, the variation in pay is influenced by several factors, including the choice between operating as a team member or a solo agent, as well as the type of brokerage. Agents in the area can find themselves working with national franchise brokerages or local independent firms, each offering distinct commission structures that affect overall earnings. As the job market in St. Louis Park evolves, aspiring real estate agents must carefully assess their options to maximize their potential earnings.
About the St. Louis Park Market
Salary estimated from Minnesota average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $28,287 | $13.60 |
| Lower Range (P25) | $33,436 | $16.08 |
| Median (P50)(typical) | $43,746 | $21.03 |
| Upper Range (P75) | $55,996 | $26.92 |
| Top Earners (P90) | $67,807 | $32.60 |
Median Salary Position
18.42% below the national average
2026 Salary Percentile Distribution in St. Louis Park
In St. Louis Park, MN, the real estate agent salary spread from the 10th to 90th percentile is $39,520 (2026 est.). At $43,746, the local median is 18.42% below the national median of $53,622.
Salary Calculator
At 40 hours/week in St. Louis Park: You'd be in the lower-middle range
How St. Louis Park Real Estate Agent Pay Compares
St. Louis Park median: $43,746/year (2026)
| Compared To | Median Salary | St. Louis Park Pays |
|---|---|---|
| Minnesota Average | $45,427 | -3.70% less |
| National Average | $53,622 | -18.42% less |
Real Estate Agents in St. Louis Park, MN earn a median of $43,746 per year (2026 est.), which is 18.42% lower than the national median of $53,622 and 3.70% below the Minnesota state average of $45,427.
Cost-of-Living Adjusted Salary
St. Louis Park 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.
St. Louis Park, MN has a cost-of-living index of 98.5 (below the national average of 100). A real estate agent earning $43,746 nominally has purchasing power equivalent to $44,412 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$39,918
2025 BLS Actual
$43,100
2026 Current Est.
$43,746
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in St. Louis Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $39,918 | Actual |
| 2020 | $40,008 | Actual |
| 2021 | $39,437 | Actual |
| 2022 | $40,775 | Actual |
| 2023 | $44,299 | Actual |
| 2024 | $64,511 | Actual |
| 2025 | $43,100 | Actual |
| 2026(current) | $43,746 | Estimated |
| 2027 | $44,403 | Projected |
Based on 7 years of BLS OEWS data for the St. Louis Park metropolitan area, the median real estate agent salary grew 8.0% from $39,918 (2019) to $43,100 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $44,403 by 2027 — a total increase of $4,485 (11.24%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the St. Louis Park 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) | $28,287 – $33,436 |
| 3-5 years (Mid Career) | $33,436 – $43,746 |
| 5+ years (Experienced) | $43,746 – $55,996 |
| 10+ years (Top Earner) | $55,996 – $67,807 |
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 St. Louis Park
The real estate job market in St. Louis Park currently employs nine agents, reflecting a limited but stable demand. The local cost of living, indexed at 98.5, suggests that while earnings may be below the national average, purchasing power remains relatively balanced. National franchise brokerages like Keller Williams or RE/MAX tend to offer higher earnings for top performers, particularly among team-based operations where commission splits can be more favorable. The disparity in salaries is often driven by transaction volume, average sale prices, and changing commission structures post-2024 NAR settlement, which may decouple buyer agents' commissions from the listing-paid model. To enhance earning potential in St. Louis Park, agents should prioritize building a strong referral network, consider teaming up for larger transactions, and choose their brokerage carefully based on commission policies and support systems. Understanding the local market dynamics can be essential in determining how much do real estate agents make in St. Louis Park and tapping into the opportunities it presents.
More salary data for St. Louis Park, 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 $43,100 for real estate agentsin the St. Louis Park 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 St. Louis Park 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