Real Estate Agent Salary in Chesapeake, VA: $64,132 (2026)
Quick Answer:A full-time real estate agent in Chesapeake, VA earns a median $64,132/year (≈ $30.84/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Chesapeake's price level (3% above national, BEA RPP 103.2), that paycheck buys what $62,143 would nationally. Nominal pay sits 33.0% above the Virginia state average.
Based on BLS state-level estimates · View source
With a projected median annual salary of $64,132 in 2026, real estate agents in Chesapeake, Virginia, are positioned well above the national median of $53,622, reflecting a local market with vibrant transaction activity and favorable average pricing. The salary range provides insight into the income potential within this profession, spanning from $37,197 at the 10th percentile to as high as $99,404 at the 90th percentile. These figures, derived from 2025 BLS data and adjusted for local economic conditions, illustrate the diverse earnings potential based on various factors, including experience, specialization, and market conditions. For agents operating in Chesapeake, a combination of local housing demand and effective business strategies can significantly enhance earning potential compared to many other regions.
About the Chesapeake Market
Salary estimated from Virginia average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $37,197 | $17.88 |
| Lower Range (P25) | $49,306 | $23.70 |
| Median (P50)(typical) | $64,132 | $30.84 |
| Upper Range (P75) | $82,089 | $39.46 |
| Top Earners (P90) | $99,404 | $47.79 |
Median Salary Position
19.60% above the national average
2026 Salary Percentile Distribution in Chesapeake
In Chesapeake, VA, the real estate agent salary spread from the 10th to 90th percentile is $62,207 (2026 est.). At $64,132, the local median is 19.6% above the national median of $53,622.
Salary Calculator
At 40 hours/week in Chesapeake: You'd be in the lower-middle range
How Chesapeake Real Estate Agent Pay Compares
Chesapeake median: $64,132/year (2026)
| Compared To | Median Salary | Chesapeake Pays |
|---|---|---|
| Virginia Average | $48,219 | +33.00% more |
| National Average | $53,622 | +19.60% more |
Real Estate Agents in Chesapeake, VA earn a median of $64,132 per year (2026 est.), which is 19.60% higher than the national median of $53,622 and 33.00% above the Virginia state average of $48,219.
Cost-of-Living Adjusted Salary
Chesapeake has a cost of living 3.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Chesapeake, VA has a cost-of-living index of 103.2 (above the national average of 100). While the nominal salary of $64,132 is competitive, the higher cost of living reduces purchasing power to an effective $62,143 — a 3.1% reduction.
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2019 BLS Actual
$58,520
2025 BLS Actual
$63,184
2026 Current Est.
$64,132
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Chesapeake (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $58,520 | Actual |
| 2020 | $58,651 | Actual |
| 2021 | $57,814 | Actual |
| 2022 | $59,775 | Actual |
| 2023 | $64,942 | Actual |
| 2024 | $72,562 | Actual |
| 2025 | $63,184 | Actual |
| 2026(current) | $64,132 | Estimated |
| 2027 | $65,094 | Projected |
Based on 7 years of BLS OEWS data for the Chesapeake metropolitan area, the median real estate agent salary grew 8.0% from $58,520 (2019) to $63,184 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $65,094 by 2027 — a total increase of $6,574 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Chesapeake 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) | $37,197 – $49,306 |
| 3-5 years (Mid Career) | $49,306 – $64,132 |
| 5+ years (Experienced) | $64,132 – $82,089 |
| 10+ years (Top Earner) | $82,089 – $99,404 |
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 Chesapeake
The local job market features 63 real estate agents who are capitalizing on Chesapeake's demand for housing. With a cost-of-living index of 103.2, agents' take-home purchasing power is slightly challenged, yet there's also the advantage of a market that consistently supports higher transaction volumes and average sale prices. Top earners in the area often work with prominent national franchises, such as Keller Williams or Berkshire Hathaway HomeServices, while independent and luxury specialty brokerages cater to niche demands, influencing commission structures. Variations in pay can be attributed to transaction volume, commission splits with brokerages, team memberships, and market dynamics following the 2024 NAR settlement. To maximize their earnings, agents should focus on networking to establish robust referral networks and consider aligning with high-performing teams capable of tapping into lucrative segments of the Chesapeake market.
More salary data for Chesapeake, VA:
Frequently Asked Questions
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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 $63,184 for real estate agentsin the Chesapeake 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 Chesapeake 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