Real Estate Agent Salary in Murphy, TX: $41,831 (2026)
Quick Answer:A full-time real estate agent in Murphy, TX earns a median $41,831/year (≈ $20.11/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Murphy's price level (4% below national, BEA RPP 96.0), that paycheck buys what $43,574 would nationally. Nominal pay sits 7.6% below the Texas state average.
Based on BLS state-level estimates · View source
In 2026, the average real estate agent salary in Murphy, TX, is projected at $41,831, which is significantly lower than the national median of $53,622, placing it approximately 21.99% below the national average. The salary range for agents is quite broad, spanning from $28,539 at the 10th percentile to $64,838 at the 90th percentile. These figures are derived from state-level data by the Bureau of Labor Statistics (BLS) and adjusted to reflect regional price differences. Despite the relatively modest compensation compared to national averages, the area's evolving real estate market may present opportunities for diligent agents to enhance their earnings through strategic sales and service offerings.
About the Murphy Market
Salary estimated from Texas average ($72,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $28,539 | $13.72 |
| Lower Range (P25) | $32,934 | $15.83 |
| Median (P50)(typical) | $41,831 | $20.11 |
| Upper Range (P75) | $53,544 | $25.74 |
| Top Earners (P90) | $64,838 | $31.17 |
Median Salary Position
21.99% below the national average
2026 Salary Percentile Distribution in Murphy
In Murphy, TX, the real estate agent salary spread from the 10th to 90th percentile is $36,299 (2026 est.). At $41,831, the local median is 21.99% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Murphy: You'd be in the lower-middle range
How Murphy Real Estate Agent Pay Compares
Murphy median: $41,831/year (2026)
| Compared To | Median Salary | Murphy Pays |
|---|---|---|
| Texas Average | $45,272 | -7.60% less |
| National Average | $53,622 | -21.99% less |
Real Estate Agents in Murphy, TX earn a median of $41,831 per year (2026 est.), which is 21.99% lower than the national median of $53,622 and 7.60% below the Texas state average of $45,272.
Cost-of-Living Adjusted Salary
Murphy has a cost of living 4.00% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Murphy, TX has a cost-of-living index of 96 (below the national average of 100). A real estate agent earning $41,831 nominally has purchasing power equivalent to $43,574 in an average-cost city — an effective 4.17% boost.
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2019 BLS Actual
$38,171
2025 BLS Actual
$41,213
2026 Current Est.
$41,831
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Murphy (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $38,171 | Actual |
| 2020 | $38,256 | Actual |
| 2021 | $37,710 | Actual |
| 2022 | $38,990 | Actual |
| 2023 | $42,360 | Actual |
| 2024 | $63,899 | Actual |
| 2025 | $41,213 | Actual |
| 2026(current) | $41,831 | Estimated |
| 2027 | $42,459 | Projected |
Based on 7 years of BLS OEWS data for the Murphy metropolitan area, the median real estate agent salary grew 8.0% from $38,171 (2019) to $41,213 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $42,459 by 2027 — a total increase of $4,288 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Murphy 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) | $28,539 – $32,934 |
| 3-5 years (Mid Career) | $32,934 – $41,831 |
| 5+ years (Experienced) | $41,831 – $53,544 |
| 10+ years (Top Earner) | $53,544 – $64,838 |
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 Murphy
In Murphy, the job market for real estate agents is small but targeted, with only five professionals currently employed in the area. The cost-of-living index is 96, suggesting that the local economic landscape may provide a more favorable environment for those starting their careers. While national franchises like Keller Williams and RE/MAX typically offer higher compensation structures, independent brokerages can also provide localized support that fuels networking and referrals. The variance in pay can be attributed to factors such as transaction volume, average property sale prices, and commission structures which are impacted by the recent changes from the 2024 NAR settlement that has led to a decisive shift in commission distributions. Agents in Murphy looking to maximize their income should focus on integrating technology into their sales tactics while building solid relationships within the community, which can open doors to lucrative sales opportunities.
More salary data for Murphy, TX:
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 $41,213 for real estate agentsin the Murphy 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 Murphy 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