Average Real Estate Sales Agents Salary in Albany-Schenectady-Troy, NY
Real Estate Sales Agents in the Albany-Schenectady-Troy, NY area command an impressive average annual salary of $81,430, significantly surpassing the national average of $70,360. This elevated compensation is often influenced by regional market dynamics, local demand for housing, and the specific economic conditions prevalent in the Capital Region of New York.
Executive Summary
- Average Salary: $81,430 per year.
- Growth Trend: Salaries have shifted 30.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $147,920.
- Outlook: With a local workforce of 290 Real Estate Sales Agents and a Location Quotient of 0.53, the job market in Albany-Schenectady-Troy, NY, indicates a slightly lower concentration of these professionals compared to the national average. While the absolute number of jobs per 1,000 workers is 0.66, suggesting a moderate presence, the lower LQ implies that while opportunities exist, the field is not as saturated as in other national markets, potentially offering a stable environment for dedicated agents.
Salary Overview
The average Real Estate Sales Agents in Albany-Schenectady-Troy, NY earns+15.7%above the national average.
$39.2
$1,566
$6,786
Real Estate Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Real Estate Sales Agents in Albany-Schenectady-Troy, NY, have experienced growth over the past four years, mirroring broader economic trends and fluctuations in the real estate market. Factors such as interest rate shifts, housing inventory levels, and regional development initiatives likely contributed to salary adjustments, aiming to keep pace with market demands and agent performance.
Real Estate Sales Agents Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Real Estate Sales Agents in Albany-Schenectady-Troy, NY, is typically marked by a substantial increase in earning potential as experience grows. Entry-level agents may start with a base salary or commission structure, while seasoned professionals with a proven track record and established client networks can command significantly higher incomes. The percentile gaps in salary distribution clearly signify the rewards associated with accumulating expertise, building a reputation, and mastering sales strategies within the local market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $35,810 | $17.2 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $61,073 | $29.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $78,810 | $37.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $101,788 | $48.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $147,920 | $71.1 |
Detailed Real Estate Sales Agents Market Analysis
Relocation Context
Nominal Salary
$81,430
Gross Pay
Real Wage (Purchasing Power)
$81,430
Adjusted for COL (100)
The nominal average annual salary of $81,430 in Albany-Schenectady-Troy, NY, aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of an agent's salary in this region is equivalent to the national standard, suggesting that the higher average salary effectively balances out the cost of living, providing a comparable lifestyle to the average American.
Job Market Context
290
Total Jobs
0.66
Per 1K Jobs
0.53
Location Quotient
Albany-Schenectady-Troy, NY has 0.53x the national average concentration of Real Estate Sales Agents jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient (LQ) of 0.53 for Real Estate Sales Agents in Albany-Schenectady-Troy, NY, indicates that this profession is less concentrated in this metropolitan area compared to the national average. This suggests that while the market is not oversaturated, there may be fewer specialized roles or a less competitive environment for agents seeking to establish themselves, potentially offering a unique opportunity for those who can build strong local connections.
Nearby Job Markets
Nearby Cities for Real Estate Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Kingston, NY Real Estate Sales Agents Salary | $76,920↓ 6% | 52 mi |
| Southwest New York nonmetropolitan area Real Estate Sales Agents Salary | $83,030↑ 2% | 68 mi |
| Central East New York nonmetropolitan area Real Estate Sales Agents Salary | $80,020↓ 2% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
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Frequently Asked Questions
How much does a Real Estate Sales Agents make in Albany-Schenectady-Troy, NY?
The median annual salary for a Real Estate Sales Agents in Albany-Schenectady-Troy, NY is $81,430. This typically ranges from $35,810 for entry-level positions to $147,920 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 15.7% higher than the national median of $70,360.
Is Albany-Schenectady-Troy, NY a lucrative place for Real Estate Sales Agents?
Yes, it offers above-average earnings.The average salary of $81,430 significantly exceeds the national average, and with a cost of living at the national baseline, the compensation offers strong purchasing power.
Is Albany-Schenectady-Troy, NY a good place to live for Real Estate Sales Agents?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Kingston, NY ($76,920) and Southwest New York nonmetropolitan area.
How does the Albany-Schenectady-Troy, NY salary compare to the national average?
The average annual salary for Real Estate Sales Agents in Albany-Schenectady-Troy, NY, is $81,430, which is notably higher than the national average of $70,360.
What is the significance of the Location Quotient (LQ) for this role in Albany?
An LQ of 0.53 means Real Estate Sales Agents are less concentrated in Albany-Schenectady-Troy, NY, than the national average, suggesting a potentially less competitive but still present job market.
Does the cost of living affect the value of the salary in Albany?
No, the cost of living in Albany-Schenectady-Troy, NY, is at the national average (100), meaning the higher salary of $81,430 provides purchasing power equivalent to the national average.
How many Real Estate Sales Agents are there in the Albany-Schenectady-Troy, NY area?
The total local workforce for Real Estate Sales Agents in Albany-Schenectady-Troy, NY, is approximately 290 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Albany-Schenectady-Troy, NY area with a job density of 0.66 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Real Estate Sales Agents • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY