Real Estate Agent Salary in Parsippany-Troy Hills, NJ: $62,518 (2026)
Quick Answer:A full-time real estate agent in Parsippany-Troy Hills, NJ earns a median $62,518/year (≈ $30.05/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Parsippany-Troy Hills's price level (15% above national, BEA RPP 115.2), that paycheck buys what $54,269 would nationally. Nominal pay sits 1.2% above the New Jersey state average.
Based on BLS state-level estimates · View source
For real estate agents in Parsippany-Troy Hills, NJ, the projected median annual salary in 2026 is $62,518, a notable 16.59% higher than the national median of $53,622. This competitive compensation reflects the vibrant local market dynamics driven by transaction volume and the average sales price of properties in the region. Agents in this area can expect to earn between $36,891 at the 10th percentile and up to $96,903 at the 90th percentile. These estimates, derived from 2025 BLS data and adjusted for regional price parities, highlight the potential for lucrative earnings in a community that balances both suburban allure and accessibility to metropolitan amenities.
About the Parsippany-Troy Hills Market
Salary estimated from New Jersey average ($82,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $36,891 | $17.73 |
| Lower Range (P25) | $45,513 | $21.88 |
| Median (P50)(typical) | $62,518 | $30.05 |
| Upper Range (P75) | $80,023 | $38.47 |
| Top Earners (P90) | $96,903 | $46.59 |
Median Salary Position
16.59% above the national average
2026 Salary Percentile Distribution in Parsippany-Troy Hills
In Parsippany-Troy Hills, NJ, the real estate agent salary spread from the 10th to 90th percentile is $60,012 (2026 est.). At $62,518, the local median is 16.59% above the national median of $53,622.
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At 40 hours/week in Parsippany-Troy Hills: You'd be in the lower-middle range
How Parsippany-Troy Hills Real Estate Agent Pay Compares
Parsippany-Troy Hills median: $62,518/year (2026)
| Compared To | Median Salary | Parsippany-Troy Hills Pays |
|---|---|---|
| New Jersey Average | $61,777 | +1.20% more |
| National Average | $53,622 | +16.59% more |
Real Estate Agents in Parsippany-Troy Hills, NJ earn a median of $62,518 per year (2026 est.), which is 16.59% higher than the national median of $53,622 and 1.20% above the New Jersey state average of $61,777.
Cost-of-Living Adjusted Salary
Parsippany-Troy Hills has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Parsippany-Troy Hills, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $62,518 is competitive, the higher cost of living reduces purchasing power to an effective $54,269 — a 13.19% reduction.
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2019 BLS Actual
$57,047
2025 BLS Actual
$61,594
2026 Current Est.
$62,518
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Parsippany-Troy Hills (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $57,047 | Actual |
| 2020 | $57,175 | Actual |
| 2021 | $56,359 | Actual |
| 2022 | $58,271 | Actual |
| 2023 | $63,308 | Actual |
| 2024 | $95,603 | Actual |
| 2025 | $61,594 | Actual |
| 2026(current) | $62,518 | Estimated |
| 2027 | $63,456 | Projected |
Based on 7 years of BLS OEWS data for the Parsippany-Troy Hills metropolitan area, the median real estate agent salary grew 8.0% from $57,047 (2019) to $61,594 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $63,456 by 2027 — a total increase of $6,409 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Parsippany-Troy Hills 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) | $36,891 – $45,513 |
| 3-5 years (Mid Career) | $45,513 – $62,518 |
| 5+ years (Experienced) | $62,518 – $80,023 |
| 10+ years (Top Earner) | $80,023 – $96,903 |
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 Parsippany-Troy Hills
Looking at the local employment situation, only eight real estate agents operate in Parsippany-Troy Hills, which suggests a small but potentially competitive market. The cost of living index sits at 115.2, above the national average, influencing take-home pay and purchasing power for agents in the area. National franchise brokerages such as Keller Williams and Coldwell Banker dominate the landscape, often providing higher earnings through favorable commission structures. Variances in salaries can be attributed to factors such as transaction volume, the commission split with brokerages, and the agent's specialization, particularly in luxury or commercial real estate. After the anticipated changes following the 2024 NAR commission settlement, agents may need to adapt their strategies. To maximize earnings in this market, focusing on building a robust referral network and considering team affiliations within franchises could offer significant advantages for aspiring and established agents alike.
More salary data for Parsippany-Troy Hills, NJ:
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 $61,594 for real estate agentsin the Parsippany-Troy Hills 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 Parsippany-Troy Hills 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