Real Estate Agent Salary in Westerly, RI: $50,327 (2026)
Quick Answer:A full-time real estate agent in Westerly, RI earns a median $50,327/year (≈ $24.20/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Westerly's price level (1% above national, BEA RPP 100.5), that paycheck buys what $50,077 would nationally. Nominal pay sits 6.6% below the Rhode Island state average.
Based on BLS state-level estimates · View source
In 2026, the median annual pay for a real estate agent salary in Westerly, Rhode Island, is projected to be $50,327. This figure represents a competitive offering, yet it falls approximately 6.14% below the national median of $53,622. Local salaries vary significantly, with a range spanning from $35,136 at the lower end (P10) to $78,007 for top performers (P90). Given that compensation structures can fluctuate based on the area's unique transaction volume and the average sale price of properties, the effective hourly compensation for agents can change dramatically. Therefore, understanding the dynamics of the real estate market in Westerly is essential for aspiring agents aiming to maximize their income potential.
About the Westerly Market
Salary estimated from Rhode Island average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $35,136 | $16.89 |
| Lower Range (P25) | $40,246 | $19.35 |
| Median (P50)(typical) | $50,327 | $24.20 |
| Upper Range (P75) | $64,418 | $30.97 |
| Top Earners (P90) | $78,007 | $37.50 |
Median Salary Position
6.14% below the national average
2026 Salary Percentile Distribution in Westerly
In Westerly, RI, the real estate agent salary spread from the 10th to 90th percentile is $42,871 (2026 est.). At $50,327, the local median is 6.14% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Westerly: You'd be in the lower-middle range
How Westerly Real Estate Agent Pay Compares
Westerly median: $50,327/year (2026)
| Compared To | Median Salary | Westerly Pays |
|---|---|---|
| Rhode Island Average | $53,883 | -6.60% less |
| National Average | $53,622 | -6.14% less |
Real Estate Agents in Westerly, RI earn a median of $50,327 per year (2026 est.), which is 6.14% lower than the national median of $53,622 and 6.60% below the Rhode Island state average of $53,883.
Cost-of-Living Adjusted Salary
Westerly has a cost of living 0.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Westerly, RI has a cost-of-living index of 100.5 (above the national average of 100). While the nominal salary of $50,327 is competitive, the higher cost of living reduces purchasing power to an effective $50,077 — a 0.5% reduction.
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2019 BLS Actual
$45,923
2025 BLS Actual
$49,583
2026 Current Est.
$50,327
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Westerly (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $45,923 | Actual |
| 2020 | $46,026 | Actual |
| 2021 | $45,369 | Actual |
| 2022 | $46,908 | Actual |
| 2023 | $50,963 | Actual |
| 2024 | $63,821 | Actual |
| 2025 | $49,583 | Actual |
| 2026(current) | $50,327 | Estimated |
| 2027 | $51,082 | Projected |
Based on 7 years of BLS OEWS data for the Westerly metropolitan area, the median real estate agent salary grew 8.0% from $45,923 (2019) to $49,583 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $51,082 by 2027 — a total increase of $5,159 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Westerly 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) | $35,136 – $40,246 |
| 3-5 years (Mid Career) | $40,246 – $50,327 |
| 5+ years (Experienced) | $50,327 – $64,418 |
| 10+ years (Top Earner) | $64,418 – $78,007 |
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 Westerly
Looking at the local job market, there are currently five real estate agents employed in Westerly. The slightly above-average cost of living, reflected by a cost-of-living index of 100.5, can impact take-home purchasing power significantly. Among the main employers in this area, national franchise brokerages like Keller Williams and Coldwell Banker often provide stronger compensation packages compared to local independent and discount brokers. Earnings variance in Westerly can largely be attributed to factors like transaction volume, commission splits, and whether an agent is part of a team or operates independently, especially in light of the new commission structure changes post-2024. Strategies for real estate professionals should include tapping into high-value referral networks and specializing in lucrative sectors like luxury properties or commercial real estate, which may provide better financial rewards compared to standard residential sales.
More salary data for Westerly, RI:
Frequently Asked Questions
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Can real estate agents make $100K in Westerly?
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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 $49,583 for real estate agentsin the Westerly 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 Westerly 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