Real Estate Agent Salary in Norfolk, NE: $45,694 (2026)
Quick Answer:A full-time real estate agent in Norfolk, NE earns a median $45,694/year (≈ $21.96/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Norfolk's price level (8% below national, BEA RPP 91.5), that paycheck buys what $49,939 would nationally. Nominal pay sits 6.9% below the Nebraska state average.
Based on BLS state-level estimates · View source
In Norfolk, Nebraska, the projected median annual salary for real estate agents in 2026 is $45,694, which is notably lower than the national median of $53,622. This salary reflects a range that stretches from $31,541 at the 10th percentile to $70,826 at the 90th percentile. The figures for Norfolk's real estate professionals have been derived from 2025 BLS state-level data adjusted by regional price parity, illustrating how local market conditions can influence compensation. Recent changes stemming from the post-2024 NAR commission structure have further complicated these dynamics, as agents now must adapt to a landscape where commissions are no longer uniformly guaranteed through listing agreements. With only six agents currently employed in the area, the competitive environment is shaping a differing wage structure for real estate professionals.
About the Norfolk Market
Salary estimated from Nebraska average ($62,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $31,541 | $15.16 |
| Lower Range (P25) | $36,388 | $17.50 |
| Median (P50)(typical) | $45,694 | $21.96 |
| Upper Range (P75) | $58,488 | $28.12 |
| Top Earners (P90) | $70,826 | $34.05 |
Median Salary Position
14.78% below the national average
2026 Salary Percentile Distribution in Norfolk
In Norfolk, NE, the real estate agent salary spread from the 10th to 90th percentile is $39,285 (2026 est.). At $45,694, the local median is 14.78% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Norfolk: You'd be in the lower-middle range
How Norfolk Real Estate Agent Pay Compares
Norfolk median: $45,694/year (2026)
| Compared To | Median Salary | Norfolk Pays |
|---|---|---|
| Nebraska Average | $49,081 | -6.90% less |
| National Average | $53,622 | -14.78% less |
Real Estate Agents in Norfolk, NE earn a median of $45,694 per year (2026 est.), which is 14.78% lower than the national median of $53,622 and 6.90% below the Nebraska state average of $49,081.
Cost-of-Living Adjusted Salary
Norfolk has a cost of living 8.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Norfolk, NE has a cost-of-living index of 91.5 (below the national average of 100). A real estate agent earning $45,694 nominally has purchasing power equivalent to $49,939 in an average-cost city — an effective 9.29% boost.
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2019 BLS Actual
$41,696
2025 BLS Actual
$45,019
2026 Current Est.
$45,694
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Norfolk (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $41,696 | Actual |
| 2020 | $41,789 | Actual |
| 2021 | $41,193 | Actual |
| 2022 | $42,590 | Actual |
| 2023 | $46,272 | Actual |
| 2024 | $52,833 | Actual |
| 2025 | $45,019 | Actual |
| 2026(current) | $45,694 | Estimated |
| 2027 | $46,380 | Projected |
Based on 7 years of BLS OEWS data for the Norfolk metropolitan area, the median real estate agent salary grew 8.0% from $41,696 (2019) to $45,019 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $46,380 by 2027 — a total increase of $4,684 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Norfolk 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) | $31,541 – $36,388 |
| 3-5 years (Mid Career) | $36,388 – $45,694 |
| 5+ years (Experienced) | $45,694 – $58,488 |
| 10+ years (Top Earner) | $58,488 – $70,826 |
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 Norfolk
The labor market for real estate agents in Norfolk is influenced by several factors, including a cost-of-living index of 91.5, suggesting that purchasing power in this region is somewhat favorable compared to national averages. Among local employers, national franchise brokerages like Keller Williams and RE/MAX generally provide higher compensation packages, often linked to stronger brand recognition and extensive training support. The salary discrepancy among agents can be attributed to factors such as transaction volume, sale price averages, and commission splits with brokerage firms. In this evolving environment, agents would benefit from focusing on high-yield properties and building a robust referral network to maximize earnings. Team-based operations often enable agents to tap into higher transaction volumes and shared resources, proving to be a strategic choice in increasing overall take-home pay in Norfolk's real estate market.
More salary data for Norfolk, NE:
Frequently Asked Questions
How much do real estate agents make in Norfolk, NE in 2026?
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Can real estate agents make $100K in Norfolk?
What is the cost-of-living adjusted real estate agent salary in Norfolk?
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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 $45,019 for real estate agentsin the Norfolk 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 Norfolk 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