Real Estate Agent Salary in Provo, UT: $40,336 (2026)
Quick Answer:A full-time real estate agent in Provo, UT earns a median $40,336/year (≈ $19.40/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Provo's price level (2% below national, BEA RPP 98.2), that paycheck buys what $41,062 would nationally. Nominal pay sits 22.7% below the Utah state average.
Official BLS data · View source
With a projected median annual salary of $40,336 for real estate agents in Provo, Utah in 2026, the market is experiencing notable shifts following the 2024 NAR settlement which changed commission structures. Agents in Provo can expect to see a salary range from $25,101 at the 10th percentile to as high as $62,768 at the 90th percentile, indicating that earnings can vary significantly based on experience and market activity. This data, derived from 2025 BLS OEWS surveys, reveals the competitive nature of the local real estate industry and highlights the importance of adapting to the evolving pay structures and market dynamics influencing agent compensation in the area.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $25,101 | $12.07 |
| Lower Range (P25) | $31,394 | $15.09 |
| Median (P50)(typical) | $40,336 | $19.40 |
| Upper Range (P75) | $57,916 | $27.84 |
| Top Earners (P90) | $62,768 | $30.18 |
Median Salary Position
24.78% below the national average
2026 Salary Percentile Distribution in Provo
In Provo, UT, the real estate agent salary spread from the 10th to 90th percentile is $37,667 (2026 est.). At $40,336, the local median is 24.78% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Provo: You'd be in the lower-middle range
How Provo Real Estate Agent Pay Compares
Provo median: $40,336/year (2026)
| Compared To | Median Salary | Provo Pays |
|---|---|---|
| Utah Average | $52,181 | -22.70% less |
| National Average | $53,622 | -24.78% less |
Real Estate Agents in Provo, UT earn a median of $40,336 per year (2026 est.), which is 24.78% lower than the national median of $53,622 and 22.70% below the Utah state average of $52,181.
Cost-of-Living Adjusted Salary
Provo has a cost of living 1.77% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Provo, UT has a cost-of-living index of 98.232 (below the national average of 100). A real estate agent earning $40,336 nominally has purchasing power equivalent to $41,062 in an average-cost city — an effective 1.8% boost.
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2019 BLS Actual
$54,670
2025 BLS Actual
$39,740
2026 Current Est.
$40,336
2019–2027 Growth
+-25.1%
Salary Trajectory for Real Estate Agents in Provo (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $54,670 | Actual |
| 2020 | $32,640 | Actual |
| 2021 | $48,590 | Actual |
| 2022 | $58,150 | Actual |
| 2023 | $37,440 | Actual |
| 2024 | $50,320 | Actual |
| 2025 | $39,740 | Actual |
| 2026(current) | $40,336 | Estimated |
| 2027 | $40,941 | Projected |
Based on 7 years of BLS OEWS data for the Provo metropolitan area, the median real estate agent salary grew -27.3% from $54,670 (2019) to $39,740 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $40,941 by 2027 — a total increase of $-13,729 (-25.11%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Provo 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) | $25,101 – $31,394 |
| 3-5 years (Mid Career) | $31,394 – $40,336 |
| 5+ years (Experienced) | $40,336 – $57,916 |
| 10+ years (Top Earner) | $57,916 – $62,768 |
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 Provo
In Provo, 870 real estate agents contribute to a robust job market, but the local cost of living index stands at 98.232, indicating a slightly lower living expense compared to the national average. This environment allows agents to enjoy a relatively favorable take-home purchasing power based on their earnings. National franchise brokerages like Keller Williams and RE/MAX often offer higher earning potential for agents, primarily due to their expansive networks and marketing resources. However, success still hinges on various factors, including transaction volume, average sale prices, and commission structures. Agents can maximize their pay by fostering a strong referral network and specializing in high-demand niches, such as luxury or commercial properties, which may command higher commission rates. Embracing the changes brought about by the post-2024 NAR settlement will also be crucial as agents navigate the evolving landscape of commission-based pay in Provo.
More salary data for Provo, UT:
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 $39,740 for real estate agentsin the Provo 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
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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