Real Estate Agent Salary in Madison, MS: $45,326 (2026)
Quick Answer:A full-time real estate agent in Madison, MS earns a median $45,326/year (≈ $21.79/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Madison's price level (14% below national, BEA RPP 85.7), that paycheck buys what $52,889 would nationally. Nominal pay sits 1.4% below the Mississippi state average.
Based on BLS state-level estimates · View source
In 2026, real estate agents in Madison, Mississippi are projected to earn a median annual salary of $45,326, which reflects a significant deviation from the national median of $53,622. The local salary range spans from $27,358 at the 10th percentile to $70,255 at the 90th percentile, highlighting the varied earning potential within this profession. These figures, derived from BLS state-level data and adjusted for regional cost variations, paint a realistic picture of what agents can expect in Madison's evolving real estate market. Following the 2024 NAR settlement that altered commission structures, the dynamics of how much do real estate agents make in Madison have shifted, making it vital for professionals to stay informed about compensation trends as they navigate their careers.
About the Madison Market
Salary estimated from Mississippi average ($45,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $27,358 | $13.15 |
| Lower Range (P25) | $35,964 | $17.30 |
| Median (P50)(typical) | $45,326 | $21.79 |
| Upper Range (P75) | $58,017 | $27.89 |
| Top Earners (P90) | $70,255 | $33.78 |
Median Salary Position
15.47% below the national average
2026 Salary Percentile Distribution in Madison
In Madison, MS, the real estate agent salary spread from the 10th to 90th percentile is $42,897 (2026 est.). At $45,326, the local median is 15.47% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Madison: You'd be in the lower-middle range
How Madison Real Estate Agent Pay Compares
Madison median: $45,326/year (2026)
| Compared To | Median Salary | Madison Pays |
|---|---|---|
| Mississippi Average | $45,969 | -1.40% less |
| National Average | $53,622 | -15.47% less |
Real Estate Agents in Madison, MS earn a median of $45,326 per year (2026 est.), which is 15.47% lower than the national median of $53,622 and 1.40% below the Mississippi state average of $45,969.
Cost-of-Living Adjusted Salary
Madison has a cost of living 14.30% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Madison, MS has a cost-of-living index of 85.7 (below the national average of 100). A real estate agent earning $45,326 nominally has purchasing power equivalent to $52,889 in an average-cost city — an effective 16.69% boost.
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2019 BLS Actual
$41,359
2025 BLS Actual
$44,656
2026 Current Est.
$45,326
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Madison (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $41,359 | Actual |
| 2020 | $41,452 | Actual |
| 2021 | $40,861 | Actual |
| 2022 | $42,247 | Actual |
| 2023 | $45,899 | Actual |
| 2024 | $38,038 | Actual |
| 2025 | $44,656 | Actual |
| 2026(current) | $45,326 | Estimated |
| 2027 | $46,006 | Projected |
Based on 7 years of BLS OEWS data for the Madison metropolitan area, the median real estate agent salary grew 8.0% from $41,359 (2019) to $44,656 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $46,006 by 2027 — a total increase of $4,647 (11.24%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Madison 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) | $27,358 – $35,964 |
| 3-5 years (Mid Career) | $35,964 – $45,326 |
| 5+ years (Experienced) | $45,326 – $58,017 |
| 10+ years (Top Earner) | $58,017 – $70,255 |
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 Madison
Examining the local job market, Madison only employs five real estate agents; this small figure can indicate a tight-knit professional network but potentially limited competition for listings. The cost of living in Madison is notably lower than the national average, with a cost-of-living index of 85.7. This factor enhances the purchasing power of agents' salaries, allowing them to stretch their earnings further. Among local employers, national franchise brokerages like Keller Williams and RE/MAX typically offer higher compensation due to their established networks and resources. The spread between lower and higher pay is influenced by transaction volume and average sale price, with factors such as commission splits ranging from traditional models to those offering more favorable terms for experienced agents. With the new commission structure in place, real estate agents in Madison may find that building a robust referral network, specializing in specific market segments, or joining teams can significantly impact their compensation. Adopting strategic approaches in response to market changes is essential for maximizing real estate agent pay in Madison, MS.
More salary data for Madison, MS:
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 $44,656 for real estate agentsin the Madison 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 Madison 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