Real Estate Agent Salary in Norman, OK: $48,315 (2026)
Quick Answer:A full-time real estate agent in Norman, OK earns a median $48,315/year (≈ $23.23/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Norman's price level (11% below national, BEA RPP 88.9), that paycheck buys what $54,348 would nationally. Nominal pay sits 1.4% above the Oklahoma state average.
Based on BLS state-level estimates · View source
With a projected median annual salary of $48,315 for real estate agents in Norman, OK, the compensation landscape here is slightly below the national median of $53,622, highlighting the unique economics of the local market. Salaries vary significantly, with a range from approximately $28,103 at the 10th percentile to $74,889 at the 90th percentile, suggesting diverse earning potentials based on experience and transaction volume. These projected figures for 2026 are informed by estimates derived from 2025 BLS data, adjusted for regional cost-of-living factors, thus providing a clearer picture of how much do real estate agents make in Norman. Given the comparatively lower cost of living index of 88.9 (where 100 represents the national average), agents can experience a different purchasing power that impacts overall income satisfaction and quality of life in the city.
About the Norman Market
Salary estimated from Oklahoma average ($52,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $28,103 | $13.51 |
| Lower Range (P25) | $37,665 | $18.11 |
| Median (P50)(typical) | $48,315 | $23.23 |
| Upper Range (P75) | $61,843 | $29.73 |
| Top Earners (P90) | $74,889 | $36.00 |
Median Salary Position
9.9% below the national average
2026 Salary Percentile Distribution in Norman
In Norman, OK, the real estate agent salary spread from the 10th to 90th percentile is $46,786 (2026 est.). At $48,315, the local median is 9.9% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Norman: You'd be in the lower-middle range
How Norman Real Estate Agent Pay Compares
Norman median: $48,315/year (2026)
| Compared To | Median Salary | Norman Pays |
|---|---|---|
| Oklahoma Average | $47,648 | +1.40% more |
| National Average | $53,622 | -9.90% less |
Real Estate Agents in Norman, OK earn a median of $48,315 per year (2026 est.), which is 9.90% lower than the national median of $53,622 and 1.40% above the Oklahoma state average of $47,648.
Cost-of-Living Adjusted Salary
Norman has a cost of living 11.10% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Norman, OK has a cost-of-living index of 88.9 (below the national average of 100). A real estate agent earning $48,315 nominally has purchasing power equivalent to $54,348 in an average-cost city — an effective 12.49% boost.
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2019 BLS Actual
$44,087
2025 BLS Actual
$47,601
2026 Current Est.
$48,315
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Norman (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $44,087 | Actual |
| 2020 | $44,186 | Actual |
| 2021 | $43,555 | Actual |
| 2022 | $45,033 | Actual |
| 2023 | $48,926 | Actual |
| 2024 | $46,853 | Actual |
| 2025 | $47,601 | Actual |
| 2026(current) | $48,315 | Estimated |
| 2027 | $49,040 | Projected |
Based on 7 years of BLS OEWS data for the Norman metropolitan area, the median real estate agent salary grew 8.0% from $44,087 (2019) to $47,601 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $49,040 by 2027 — a total increase of $4,953 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Norman 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) | $28,103 – $37,665 |
| 3-5 years (Mid Career) | $37,665 – $48,315 |
| 5+ years (Experienced) | $48,315 – $61,843 |
| 10+ years (Top Earner) | $61,843 – $74,889 |
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 Norman
The job market features 22 real estate agents currently employed in the area, indicating a niche sector that can thrive within a smaller community. With a cost-of-living index significantly below the national average, agents in Norman can strategically negotiate commission structures and seek employment at high-performing brokerages to maximize their take-home pay. National franchise brokerages, such as Keller Williams and RE/MAX, are likely to offer higher commission splits compared to independent firms; agents could benefit from specializing in higher-value markets like luxury or commercial real estate, which often command larger commissions. The anticipated changes following the 2024 NAR settlement regarding commission structures will further influence pay dynamics, pushing agents to refine their business strategies to adapt. By focusing on building strong referral networks, emphasizing specialty services, and understanding local buyer preferences, agents in Norman can navigate this evolving landscape and improve their earnings in a competitive environment.
More salary data for Norman, OK:
Frequently Asked Questions
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Can real estate agents make $100K in Norman?
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Related Pages
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Nearby Cities in Oklahoma
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 $47,601 for real estate agentsin the Norman 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 Norman 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