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Average Real Estate Sales Agents Salary in Buffalo-Cheektowaga, NY

Real Estate Sales Agents in Buffalo-Cheektowaga, NY, command an impressive average annual salary of $92,890, significantly surpassing the national average of $70,360. This elevated compensation is likely influenced by a combination of local market dynamics and the specific demand for real estate expertise within the Buffalo metropolitan area. The robust earning potential reflects the value placed on skilled agents in this region.

Executive Summary

  • Average Salary: $92,890 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $155,960.
  • Outlook: The Buffalo-Cheektowaga, NY, market for Real Estate Sales Agents presents a stable, albeit niche, employment landscape. With a total local workforce of 210 and a Location Quotient of 0.32, the concentration of these professionals is below the national average, suggesting a less saturated market. While the absolute number of jobs per 1,000 workers (0.398) is modest, the lower concentration could indicate specialized demand or fewer agents covering a broader market.
2024 Market Data

Salary Overview

$92,890

The average Real Estate Sales Agents in Buffalo-Cheektowaga, NY earns+32.0%above the national average.

BreakdownBased on 40h/week
Hourly

$44.7

Weekly

$1,786

Monthly

$7,741

Real Estate Sales Agents Salary Distribution in Buffalo-Cheektowaga, NY

Career progression for Real Estate Sales Agents in Buffalo-Cheektowaga, NY, typically correlates with increased earning potential. Entry-level agents might start with a base salary or lower commission rates, while seasoned professionals with a proven track record and extensive client networks can achieve significantly higher incomes. The percentile gaps in salary distribution, though not detailed here, would reflect this scaling, with senior agents occupying the higher earning brackets.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$34,870$16.8
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$69,668$33.5
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$78,430$37.7
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$116,113$55.8
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$155,960$75

Detailed Real Estate Sales Agents Market Analysis

Relocation Context

Nominal Salary

$92,890

Gross Pay

Real Wage (Purchasing Power)

$92,890

Adjusted for COL (100)

For professionals considering a move to Buffalo-Cheektowaga, NY, the average annual salary of $92,890 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of an agent's earnings in Buffalo is equivalent to the national average, offering a stable financial foundation without the immediate pressure of higher or lower living expenses compared to the rest of the country.

Job Market Context

210

Total Jobs

0.398

Per 1K Jobs

0.32

Location Quotient

Low Concentration

At 0.32x, Buffalo-Cheektowaga, NY has a notably lower concentration of Real Estate Sales Agents jobs than the national average. Opportunities in this area are relatively scarce for this profession.

The Location Quotient of 0.32 for Real Estate Sales Agents in Buffalo-Cheektowaga, NY, indicates that this profession is less concentrated locally than the national average. This suggests that while the demand for real estate services exists, the market may not be oversaturated with agents. This could translate to opportunities for new agents to establish themselves or for existing agents to capture a significant market share, though it also implies a smaller overall pool of specialized talent.

Nearby Job Markets

Nearby Cities for Real Estate Sales Agents

CitySalaryDist.
Rochester, NY Real Estate Sales Agents Salary$99,820↑ 7%65 mi
Erie, PA Real Estate Sales Agents Salary$56,120↓ 40%83 mi

Comparing salaries near Buffalo-Cheektowaga, NY

Hiring Real Estate Sales Agentss?

Frequently Asked Questions

How much does a Real Estate Sales Agents make in Buffalo-Cheektowaga, NY?

The median annual salary for a Real Estate Sales Agents in Buffalo-Cheektowaga, NY is $92,890. This typically ranges from $34,870 for entry-level positions to $155,960 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Buffalo-Cheektowaga, NY is 32.0% higher than the national median of $70,360.

Is Buffalo-Cheektowaga, NY a lucrative place for Real Estate Sales Agentss?

Yes, Buffalo-Cheektowaga, NY offers lucrative opportunities for Real Estate Sales Agents.The average salary of $92,890 significantly exceeds the national average, and with a Cost of Living Index of 100, the purchasing power of this income is strong locally.

Is Buffalo-Cheektowaga, NY a good place to live for Real Estate Sales Agents?

The Cost of Living Index in Buffalo-Cheektowaga, NY is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Buffalo-Cheektowaga, NY?

Some top paying nearby cities include Rochester, NY ($99,820) and Erie, PA.

How does the Buffalo-Cheektowaga salary compare to the national average?

Real Estate Sales Agents in Buffalo-Cheektowaga, NY, earn an average of $92,890 annually, which is substantially higher than the national average of $70,360.

What is the Cost of Living in Buffalo-Cheektowaga, NY?

The Cost of Living Index in Buffalo-Cheektowaga, NY, is 100, which is exactly the national average, indicating that everyday expenses are comparable to the rest of the United States.

Is the market for Real Estate Sales Agents in Buffalo-Cheektowaga, NY competitive?

With a Location Quotient of 0.32, the market is less concentrated than the national average, suggesting it may be less competitive in terms of agent density, potentially offering more opportunities.

How many Real Estate Sales Agents are there in Buffalo-Cheektowaga, NY?

There are approximately 210 Real Estate Sales Agents in the Buffalo-Cheektowaga, NY, local workforce.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Buffalo-Cheektowaga, NY area with a job density of 0.398 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Real Estate Sales Agents • Data source: BLS OEWS 2024 •Jobs in Buffalo-Cheektowaga, NY