Real Estate Agent Salary in Covington, WA: $69,810 (2026)
Quick Answer:A full-time real estate agent in Covington, WA earns a median $69,810/year (≈ $33.57/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Covington's price level (7% above national, BEA RPP 107.4), that paycheck buys what $65,000 would nationally. Nominal pay sits 6.1% below the Washington state average.
Based on BLS state-level estimates · View source
In 2026, real estate agents in Covington, Washington, can expect a median annual salary of $69,810, which is significantly higher than the national median of $53,622. The local salary range extends from $43,491 at the 10th percentile to $108,205 at the 90th percentile. These projected figures, derived from 2025 BLS data adjusted for local economic conditions, suggest that agents who choose to operate in teams or specialize in higher-end markets tend to command better compensation. With the local job market employing only five real estate agents, this niche presents both challenges and opportunities for those looking to navigate the Covington real estate scene effectively.
About the Covington Market
Salary estimated from Washington average ($82,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $43,491 | $20.91 |
| Lower Range (P25) | $54,699 | $26.30 |
| Median (P50)(typical) | $69,810 | $33.57 |
| Upper Range (P75) | $89,357 | $42.96 |
| Top Earners (P90) | $108,205 | $52.02 |
Median Salary Position
30.19% above the national average
2026 Salary Percentile Distribution in Covington
In Covington, WA, the real estate agent salary spread from the 10th to 90th percentile is $64,714 (2026 est.). At $69,810, the local median is 30.19% above the national median of $53,622.
Salary Calculator
At 40 hours/week in Covington: You'd be in the lower-middle range
How Covington Real Estate Agent Pay Compares
Covington median: $69,810/year (2026)
| Compared To | Median Salary | Covington Pays |
|---|---|---|
| Washington Average | $74,345 | -6.10% less |
| National Average | $53,622 | +30.19% more |
Real Estate Agents in Covington, WA earn a median of $69,810 per year (2026 est.), which is 30.19% higher than the national median of $53,622 and 6.10% below the Washington state average of $74,345.
Cost-of-Living Adjusted Salary
Covington has a cost of living 7.40% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Covington, WA has a cost-of-living index of 107.4 (above the national average of 100). While the nominal salary of $69,810 is competitive, the higher cost of living reduces purchasing power to an effective $65,000 — a 6.89% reduction.
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2019 BLS Actual
$63,701
2025 BLS Actual
$68,778
2026 Current Est.
$69,810
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Covington (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $63,701 | Actual |
| 2020 | $63,844 | Actual |
| 2021 | $62,933 | Actual |
| 2022 | $65,068 | Actual |
| 2023 | $70,692 | Actual |
| 2024 | $82,675 | Actual |
| 2025 | $68,778 | Actual |
| 2026(current) | $69,810 | Estimated |
| 2027 | $70,857 | Projected |
Based on 7 years of BLS OEWS data for the Covington metropolitan area, the median real estate agent salary grew 8.0% from $63,701 (2019) to $68,778 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $70,857 by 2027 — a total increase of $7,156 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Covington 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) | $43,491 – $54,699 |
| 3-5 years (Mid Career) | $54,699 – $69,810 |
| 5+ years (Experienced) | $69,810 – $89,357 |
| 10+ years (Top Earner) | $89,357 – $108,205 |
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 Covington
Covington's cost of living index stands at 107.4, indicating that living expenses are somewhat above the national average, which can impact the real estate agent pay structure in the area. Noteworthy employers include national brokerage franchises like Keller Williams and Coldwell Banker, which often offer competitive commission splits. The variation in pay typically reflects transaction volume, sale prices, and individual commission agreements, with team agents potentially benefitting from shared marketing resources and higher volume. As agents adapt to the post-2024 NAR settlement, it's essential to focus on refining specialization, enhancing referral networks, and considering team dynamics to maximize earnings. With 1.50% annual growth projected in the real estate sector, strategies that prioritize high-value listings and effective networking will be critical for agents looking to increase their pay in Covington, WA.
More salary data for Covington, WA:
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 $68,778 for real estate agentsin the Covington 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 Covington 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