Real Estate Agent Salary in Vermillion, SD: $45,962 (2026)
Quick Answer:A full-time real estate agent in Vermillion, SD earns a median $45,962/year (≈ $22.10/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Vermillion's price level (7% below national, BEA RPP 92.8), that paycheck buys what $49,528 would nationally. Nominal pay sits 7.6% below the South Dakota state average.
Based on BLS state-level estimates · View source
In 2026, real estate agents in Vermillion, South Dakota, can expect a median annual salary of $45,962. The local salary range spans from $31,287 at the 10th percentile to $71,242 at the 90th percentile, reflecting the variable earning potential in this market. These figures, derived from state-level data and adjusted for regional price parities, indicate a compensation that lags behind the national median of $53,622, with local professionals earning approximately 14.29% less on average. Agents in Vermillion often face decision points between joining a team or working solo, with those linked to established brokerages potentially seeing higher earnings through shared resources and leads. Understanding the dynamics of this market can help agents navigate choices that affect their bottom lines.
About the Vermillion Market
Salary estimated from South Dakota average ($52,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $31,287 | $15.04 |
| Lower Range (P25) | $36,136 | $17.38 |
| Median (P50)(typical) | $45,962 | $22.10 |
| Upper Range (P75) | $58,831 | $28.29 |
| Top Earners (P90) | $71,242 | $34.25 |
Median Salary Position
14.29% below the national average
2026 Salary Percentile Distribution in Vermillion
In Vermillion, SD, the real estate agent salary spread from the 10th to 90th percentile is $39,955 (2026 est.). At $45,962, the local median is 14.29% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Vermillion: You'd be in the lower-middle range
How Vermillion Real Estate Agent Pay Compares
Vermillion median: $45,962/year (2026)
| Compared To | Median Salary | Vermillion Pays |
|---|---|---|
| South Dakota Average | $49,743 | -7.60% less |
| National Average | $53,622 | -14.29% less |
Real Estate Agents in Vermillion, SD earn a median of $45,962 per year (2026 est.), which is 14.29% lower than the national median of $53,622 and 7.60% below the South Dakota state average of $49,743.
Cost-of-Living Adjusted Salary
Vermillion has a cost of living 7.20% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Vermillion, SD has a cost-of-living index of 92.8 (below the national average of 100). A real estate agent earning $45,962 nominally has purchasing power equivalent to $49,528 in an average-cost city — an effective 7.76% boost.
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2019 BLS Actual
$41,940
2025 BLS Actual
$45,283
2026 Current Est.
$45,962
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Vermillion (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $41,940 | Actual |
| 2020 | $42,034 | Actual |
| 2021 | $41,434 | Actual |
| 2022 | $42,840 | Actual |
| 2023 | $46,543 | Actual |
| 2024 | $44,571 | Actual |
| 2025 | $45,283 | Actual |
| 2026(current) | $45,962 | Estimated |
| 2027 | $46,652 | Projected |
Based on 7 years of BLS OEWS data for the Vermillion metropolitan area, the median real estate agent salary grew 8.0% from $41,940 (2019) to $45,283 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $46,652 by 2027 — a total increase of $4,712 (11.24%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Vermillion 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) | $31,287 – $36,136 |
| 3-5 years (Mid Career) | $36,136 – $45,962 |
| 5+ years (Experienced) | $45,962 – $58,831 |
| 10+ years (Top Earner) | $58,831 – $71,242 |
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 Vermillion
Vermillion’s real estate market, with just six agents employed locally, demonstrates both unique opportunities and challenges. The cost of living index sits at 92.8, suggesting that agent salaries go further than in higher-cost areas, thereby enhancing purchasing power. Among local employers, national franchise brokerages like Keller Williams and RE/MAX typically offer more competitive compensation, reflecting their resources and established networks. The salary variation is influenced by factors such as transaction volume, average home price, and commission splits, where agents might earn between 50% to 100% based on their brokerage agreements. Post-2024 commission structure changes could also impact earnings, making personal branding and referrals increasingly vital. To maximize pay, agents in Vermillion should consider focusing on niche markets, harnessing social media for lead generation, and forming partnerships within professional networks to enhance visibility and overall commission potential.
More salary data for Vermillion, SD:
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 $45,283 for real estate agentsin the Vermillion 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 Vermillion 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