Average Real Estate Sales Agents Salary in Chattanooga, TN-GA
In Chattanooga, TN-GA, Real Estate Sales Agents can expect an average annual salary of $57,660. This figure is notably below the national average of $70,360, reflecting regional economic factors and market dynamics specific to the Chattanooga area. Local demand, market maturity, and the overall economic landscape significantly influence compensation levels for professionals in this sector.
Executive Summary
- Average Salary: $57,660 per year.
- Growth Trend: Salaries have shifted 23.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $87,860.
- Outlook: The Chattanooga, TN-GA market for Real Estate Sales Agents appears stable, with a total local workforce of 270 individuals. The Location Quotient of 0.82 suggests a slightly lower concentration of these professionals compared to the national average, indicating a potentially balanced or slightly less saturated market. With 1.017 jobs per 1,000 workers, the demand is present, though not exceptionally high, suggesting steady opportunities for skilled agents.
Salary Overview
The average Real Estate Sales Agents in Chattanooga, TN-GA earns-18.1%below the national average.
$27.7
$1,109
$4,805
Real Estate Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for Real Estate Sales Agents in Chattanooga, like in most markets, have experienced gradual growth over the past four years. This growth is typically driven by factors such as increasing property values, evolving market conditions, and inflation, leading to a modest upward trend in average earnings for experienced professionals.
Real Estate Sales Agents Salary Distribution in Chattanooga, TN-GA
Career progression for Real Estate Sales Agents in Chattanooga, TN-GA, typically involves a significant salary increase with experience. Entry-level agents might start closer to the lower end of the pay scale, while seasoned professionals with a proven track record and extensive client networks can command substantially higher earnings. The percentile gaps in salary distribution signify clear opportunities for career advancement and increased earning potential as agents build their expertise and reputation.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $29,480 | $14.2 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $43,245 | $20.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $50,550 | $24.3 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $72,075 | $34.7 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $87,860 | $42.2 |
Detailed Real Estate Sales Agents Market Analysis
Relocation Context
Nominal Salary
$57,660
Gross Pay
Real Wage (Purchasing Power)
$57,660
Adjusted for COL (100)
The nominal average annual salary of $57,660 in Chattanooga, TN-GA, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Real Estate Sales Agent's salary in Chattanooga is equivalent to the national average, suggesting that while the salary is below the national average, the cost of living does not disproportionately diminish its value.
Job Market Context
270
Total Jobs
1.017
Per 1K Jobs
0.82
Location Quotient
Chattanooga, TN-GA has 0.82x 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.
With a Location Quotient of 0.82, the Chattanooga, TN-GA market shows a slightly lower concentration of Real Estate Sales Agents compared to the national average. This suggests that while the profession is established, it is not as densely populated as in other regions. This could translate to a less intensely competitive environment for agents seeking to establish or grow their client base, potentially offering a more accessible entry point for new professionals.
Nearby Job Markets
Nearby Cities for Real Estate Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Cleveland, TN Real Estate Sales Agents Salary | $50,900↓ 12% | 23 mi |
| Rome, GA Real Estate Sales Agents Salary | $56,540↓ 2% | 55 mi |
| Huntsville, AL Real Estate Sales Agents Salary | $47,800↓ 17% | 83 mi |
Comparing salaries near Chattanooga, TN-GA
Hiring Real Estate Sales Agentss?
Frequently Asked Questions
How much does a Real Estate Sales Agents make in Chattanooga, TN-GA?
The median annual salary for a Real Estate Sales Agents in Chattanooga, TN-GA is $57,660. This typically ranges from $29,480 for entry-level positions to $87,860 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chattanooga, TN-GA is 18.1% lower than the national median of $70,360.
Is Chattanooga, TN-GA a lucrative place for Real Estate Sales Agents?
No, not exceptionally lucrative compared to the national average.The average salary of $57,660 is below the national average of $70,360, although the cost of living is also at the national average, making the purchasing power comparable.
Is Chattanooga, TN-GA a good place to live for Real Estate Sales Agents?
The Cost of Living Index in Chattanooga, TN-GA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chattanooga, TN-GA?
Some top paying nearby cities include Cleveland, TN ($50,900) and Rome, GA.
How does the cost of living in Chattanooga affect Real Estate Sales Agent salaries?
Chattanooga's Cost of Living Index is 100, matching the national average. This means the $57,660 salary has the same purchasing power as the national average salary, indicating that the lower nominal pay is offset by lower living expenses compared to higher-paying, higher-cost-of-living areas.
What is the concentration of Real Estate Sales Agents in Chattanooga?
The Location Quotient of 0.82 indicates that Real Estate Sales Agents are slightly less concentrated in Chattanooga compared to the national average. This suggests a potentially less saturated job market.
What is the job market like for Real Estate Sales Agents in Chattanooga?
The market shows a steady presence with 1.017 jobs per 1,000 workers and a total local workforce of 270. While not experiencing explosive growth, it offers consistent opportunities for professionals in the field.
Can experienced Real Estate Sales Agents earn more in Chattanooga?
Yes, experience significantly impacts earnings. Senior agents with established networks and a strong sales history typically earn considerably more than entry-level professionals, with salary gaps reflecting career progression.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Chattanooga, TN-GA area with a job density of 1.017 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 Chattanooga, TN-GA