Average Real Estate Sales Agents Salary in Daphne-Fairhope-Foley, AL
Real Estate Sales Agents in the Daphne-Fairhope-Foley, AL area earn an average annual salary of $58,290. This figure is notably below the national average of $70,360, suggesting that local market dynamics and economic factors play a significant role in compensation within this region. The specific economic landscape and demand for real estate services in Daphne-Fairhope-Foley directly influence the earning potential for agents.
Executive Summary
- Average Salary: $58,290 per year.
- Growth Trend: Salaries have shifted 15.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $103,990.
- Outlook: The local job market for Real Estate Sales Agents in Daphne-Fairhope-Foley, AL, shows a moderate level of concentration, with a Location Quotient of 2.75, indicating a presence significantly higher than the national average. With 3.404 jobs per 1,000 workers and a total local workforce of 290, the demand appears stable, suggesting a robust, albeit not rapidly expanding, employment environment for these professionals.
Salary Overview
The average Real Estate Sales Agents in Daphne-Fairhope-Foley, AL earns-17.2%below the national average.
$28
$1,121
$4,858
Real Estate Sales Agents Salary Trends (2020-2024)
While specific historical data for the last four years is not provided, it is generally assumed that salaries for Real Estate Sales Agents across the nation, and likely within Daphne-Fairhope-Foley, have experienced incremental growth. This trend is typically driven by factors such as inflation, increasing housing market activity, and evolving commission structures that reward performance and experience.
Real Estate Sales Agents Salary Distribution in Daphne-Fairhope-Foley, AL
Career progression for Real Estate Sales Agents in Daphne-Fairhope-Foley, AL, typically involves a salary increase with experience. Entry-level agents may start at a lower percentile, earning less than the average, while seasoned professionals with a proven track record and established client base can command salaries well above the mean. The widening gap between entry-level and senior roles signifies substantial career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $23,190 | $11.1 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $43,718 | $21 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $48,640 | $23.4 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $72,863 | $35 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $103,990 | $50 |
Detailed Real Estate Sales Agents Market Analysis
Relocation Context
Nominal Salary
$58,290
Gross Pay
Real Wage (Purchasing Power)
$58,290
Adjusted for COL (100)
The nominal average salary of $58,290 in Daphne-Fairhope-Foley, AL, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an agent's salary in this area is comparable to the national average, indicating that while the salary is lower than the national average, the cost of living does not present an additional financial burden relative to other regions.
Job Market Context
290
Total Jobs
3.404
Per 1K Jobs
2.75
Location Quotient
Daphne-Fairhope-Foley, AL has 2.8x the national concentration of Real Estate Sales Agents jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 2.75 for Real Estate Sales Agents in Daphne-Fairhope-Foley, AL, signifies a substantial concentration of these professionals compared to the national average. This indicates a competitive market where demand is met by a relatively abundant supply of agents, potentially influencing commission rates and the ease of market entry for new professionals.
Nearby Job Markets
Nearby Cities for Real Estate Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Mobile, AL Real Estate Sales Agents Salary | $54,490↓ 7% | 14 mi |
| Pensacola-Ferry Pass-Brent, FL Real Estate Sales Agents Salary | $61,750↑ 6% | 43 mi |
| Gulfport-Biloxi, MS Real Estate Sales Agents Salary | $70,910↑ 22% | 72 mi |
| Crestview-Fort Walton Beach-Destin, FL Real Estate Sales Agents Salary | $67,950↑ 17% | 78 mi |
| Hattiesburg, MS Real Estate Sales Agents Salary | $70,500↑ 21% | 97 mi |
Comparing salaries near Daphne-Fairhope-Foley, AL
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Frequently Asked Questions
How much does a Real Estate Sales Agents make in Daphne-Fairhope-Foley, AL?
The median annual salary for a Real Estate Sales Agents in Daphne-Fairhope-Foley, AL is $58,290. This typically ranges from $23,190 for entry-level positions to $103,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Daphne-Fairhope-Foley, AL is 17.2% lower than the national median of $70,360.
Is Daphne-Fairhope-Foley, AL a lucrative place for Real Estate Sales Agents?
No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average salary of $58,290 is significantly lower than the national average of $70,360. The high concentration of agents also suggests a competitive market.
Is Daphne-Fairhope-Foley, AL a good place to live for Real Estate Sales Agents?
The Cost of Living Index in Daphne-Fairhope-Foley, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Daphne-Fairhope-Foley, AL?
Some top paying nearby cities include Mobile, AL ($54,490) and Pensacola-Ferry Pass-Brent, FL.
How does the Daphne-Fairhope-Foley, AL salary compare to the national average?
The average salary for Real Estate Sales Agents in Daphne-Fairhope-Foley, AL, is $58,290, which is below the national average of $70,360.
What is the Cost of Living in Daphne-Fairhope-Foley, AL?
The Cost of Living Index in Daphne-Fairhope-Foley, AL, is 100, which is exactly the national average.
How concentrated is the Real Estate Sales Agent job market in this area?
The job market is highly concentrated, with a Location Quotient of 2.75, meaning there are significantly more Real Estate Sales Agents per capita than the national average.
What does the Location Quotient of 2.75 imply for Real Estate Sales Agents?
A Location Quotient of 2.75 suggests that Daphne-Fairhope-Foley, AL, has a higher proportion of Real Estate Sales Agents compared to the rest of the country, indicating a potentially competitive job market.
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 Daphne-Fairhope-Foley, AL area with a job density of 3.404 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 Daphne-Fairhope-Foley, AL