Average Real Estate Sales Agents Salary in Durham-Chapel Hill, NC
Real Estate Sales Agents in the Durham-Chapel Hill, NC area earn an average annual salary of $59,530. This figure is notably below the national average of $70,360, suggesting that local market dynamics, such as property values and commission structures, may influence compensation. The concentration of agents within the local workforce also plays a role in shaping these earnings.
Executive Summary
- Average Salary: $59,530 per year.
- Growth Trend: Salaries have shifted 21.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $95,210.
- Outlook: With a local workforce of 630 Real Estate Sales Agents, Durham-Chapel Hill presents a significant, albeit concentrated, job market. The Location Quotient of 1.5 indicates a higher-than-average presence of these professionals compared to the national landscape, suggesting a robust demand and a potentially competitive environment for new entrants.
Salary Overview
The average Real Estate Sales Agents in Durham-Chapel Hill, NC earns-15.4%below the national average.
$28.6
$1,145
$4,961
Real Estate Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the real estate market in a growing region like Durham-Chapel Hill has seen salary increases over the past four years. Factors such as rising property values, increased transaction volumes, and a growing population likely contribute to upward pressure on agent compensation.
Real Estate Sales Agents Salary Distribution in Durham-Chapel Hill, NC
Salary progression for Real Estate Sales Agents in Durham-Chapel Hill typically scales with experience. Entry-level agents may start at the lower end of the pay scale, while seasoned professionals with established client bases and a proven track record can command significantly higher earnings. The percentile gaps in salary data reflect this career trajectory, with senior agents occupying the higher salary brackets.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $29,750 | $14.3 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $44,648 | $21.5 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $58,290 | $28 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $74,413 | $35.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $95,210 | $45.8 |
Detailed Real Estate Sales Agents Market Analysis
Relocation Context
Nominal Salary
$59,530
Gross Pay
Real Wage (Purchasing Power)
$59,530
Adjusted for COL (100)
The average annual salary of $59,530 in Durham-Chapel Hill aligns precisely with the national average Cost of Living Index of 100. This means that the nominal salary holds its purchasing power relative to the national average, indicating a balanced economic environment where earnings are neither significantly inflated nor depressed by the cost of living.
Job Market Context
630
Total Jobs
1.852
Per 1K Jobs
1.5
Location Quotient
Durham-Chapel Hill, NC has 1.5x 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.
A Location Quotient of 1.5 for Real Estate Sales Agents in Durham-Chapel Hill signifies a market with a higher concentration of these professionals than the national average. This suggests a strong local demand for real estate services and a potentially competitive landscape where agents need to differentiate themselves to succeed.
Nearby Job Markets
Nearby Cities for Real Estate Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Raleigh-Cary, NC Real Estate Sales Agents Salary | $70,550↑ 19% | 18 mi |
| Greensboro-High Point, NC Real Estate Sales Agents Salary | $65,220↑ 10% | 52 mi |
| Eastern North Carolina nonmetropolitan area Real Estate Sales Agents Salary | $48,550↓ 18% | 56 mi |
| Western North Carolina nonmetropolitan area Real Estate Sales Agents Salary | $56,160↓ 6% | 56 mi |
Comparing salaries near Durham-Chapel Hill, NC
Hiring Real Estate Sales Agentss?
Frequently Asked Questions
How much does a Real Estate Sales Agents make in Durham-Chapel Hill, NC?
The median annual salary for a Real Estate Sales Agents in Durham-Chapel Hill, NC is $59,530. This typically ranges from $29,750 for entry-level positions to $95,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Durham-Chapel Hill, NC is 15.4% lower than the national median of $70,360.
Is Durham-Chapel Hill, NC a lucrative place for Real Estate Sales Agents?
Moderately lucrative, with potential for growth.While the average salary is below the national average, the high concentration of agents (LQ 1.5) and a cost of living at the national average suggest a stable market. Experienced agents can achieve higher earnings.
Is Durham-Chapel Hill, NC a good place to live for Real Estate Sales Agents?
The Cost of Living Index in Durham-Chapel Hill, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Durham-Chapel Hill, NC?
Some top paying nearby cities include Raleigh-Cary, NC ($70,550) and Greensboro-High Point, NC.
How does the local salary compare to the national average?
The average annual salary for Real Estate Sales Agents in Durham-Chapel Hill, NC is $59,530, which is lower than the national average of $70,360.
What does the Location Quotient of 1.5 mean for Real Estate Sales Agents?
A Location Quotient of 1.5 indicates that Real Estate Sales Agents are 50% more concentrated in Durham-Chapel Hill, NC, than the national average, suggesting a strong local presence and demand for these services.
How does the Cost of Living in Durham-Chapel Hill affect salary perception?
With a Cost of Living Index of 100 (matching the national average), the $59,530 salary in Durham-Chapel Hill offers purchasing power equivalent to the national average, indicating a balanced economic environment.
What is the total number of Real Estate Sales Agents in Durham-Chapel Hill, NC?
There are approximately 630 Real Estate Sales Agents working within the Durham-Chapel Hill, NC area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 630 employees in the Durham-Chapel Hill, NC area with a job density of 1.852 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 Durham-Chapel Hill, NC