Average Real Estate Sales Agents Salary in Knoxville, TN
In Knoxville, TN, Real Estate Sales Agents earn an average annual salary of $50,200. This figure is notably below the national average of $70,360, reflecting localized market dynamics and economic conditions specific to the Knoxville region. Factors such as local demand for housing, commission structures, and the overall economic health of East Tennessee play a significant role in shaping compensation for these professionals.
Executive Summary
- Average Salary: $50,200 per year.
- Growth Trend: Salaries have shifted 14.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $88,490.
- Outlook: The Knoxville job market for Real Estate Sales Agents appears stable, with a total local workforce of approximately 400 individuals. The Location Quotient of 0.77 suggests a slightly lower concentration of these agents compared to the national average, indicating a potentially balanced demand and supply dynamic. With 0.956 jobs per 1,000 workers, the market offers a consistent, albeit not overwhelmingly dense, opportunity landscape for agents.
Salary Overview
The average Real Estate Sales Agents in Knoxville, TN earns-28.7%below the national average.
$24.1
$965
$4,183
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 Knoxville have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, shifts in housing market activity, and inflation typically contribute to upward pressure on agent compensation, even if at a pace that may differ from higher-cost or more dynamic metropolitan areas.
Real Estate Sales Agents Salary Distribution in Knoxville, TN
Career progression for Real Estate Sales Agents in Knoxville typically involves a salary increase tied to experience and performance. Entry-level agents might start closer to the lower end of the pay scale, while seasoned professionals with established client bases and a proven track record can command significantly higher earnings, often exceeding the average. The percentile gaps in salary distributions highlight the substantial earning potential for top-performing and experienced agents.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $29,250 | $14.1 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $37,650 | $18.1 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $38,590 | $18.6 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $62,750 | $30.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $88,490 | $42.5 |
Detailed Real Estate Sales Agents Market Analysis
Relocation Context
Nominal Salary
$50,200
Gross Pay
Real Wage (Purchasing Power)
$50,200
Adjusted for COL (100)
The nominal average salary of $50,200 for Real Estate Sales Agents in Knoxville aligns precisely with the national average Cost of Living Index of 100. This means that while the absolute salary is lower than the national average for the profession, the purchasing power of this income within Knoxville is equivalent to the national average. Therefore, the $50,200 salary offers a standard of living comparable to the national benchmark, making relocation financially neutral from a cost-of-living perspective.
Job Market Context
400
Total Jobs
0.956
Per 1K Jobs
0.77
Location Quotient
Knoxville, TN has 0.77x 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 0.77, Knoxville's market for Real Estate Sales Agents is slightly less concentrated than the national average. This suggests that while the profession is present and active, it is not disproportionately represented within the local workforce. This could imply a healthy competitive environment where demand for skilled agents is steady, without being oversaturated, offering opportunities for those looking to enter or advance in the field.
Nearby Job Markets
Nearby Cities for Real Estate Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Cleveland, TN Real Estate Sales Agents Salary | $50,900↑ 1% | 75 mi |
| Asheville, NC Real Estate Sales Agents Salary | $60,720↑ 21% | 83 mi |
| Kingsport-Bristol, TN-VA Real Estate Sales Agents Salary | $51,850↑ 3% | 87 mi |
| Johnson City, TN Real Estate Sales Agents Salary | $55,230↑ 10% | 91 mi |
Comparing salaries near Knoxville, TN
Hiring Real Estate Sales Agentss?
Frequently Asked Questions
How much does a Real Estate Sales Agents make in Knoxville, TN?
The median annual salary for a Real Estate Sales Agents in Knoxville, TN is $50,200. This typically ranges from $29,250 for entry-level positions to $88,490 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Knoxville, TN is 28.7% lower than the national median of $70,360.
Is Knoxville, TN a lucrative place for Real Estate Sales Agents?
No, not compared to the national average.While the Cost of Living is average, the nominal salary of $50,200 is significantly lower than the national average of $70,360 for Real Estate Sales Agents.
Is Knoxville, TN a good place to live for Real Estate Sales Agents?
The Cost of Living Index in Knoxville, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Knoxville, TN?
Some top paying nearby cities include Cleveland, TN ($50,900) and Asheville, NC.
How does Knoxville's Cost of Living compare to other cities?
Knoxville's Cost of Living Index is exactly 100, which is the national average. This means that, on average, goods and services in Knoxville cost the same as they do across the United States.
What is the concentration of Real Estate Sales Agents in Knoxville?
The Location Quotient of 0.77 indicates that Real Estate Sales Agents are slightly less concentrated in Knoxville compared to the national average. This suggests a balanced market rather than an oversaturated one.
How many Real Estate Sales Agents are there in Knoxville?
There are approximately 400 Real Estate Sales Agents working in Knoxville, TN, representing a small but consistent segment of the local workforce.
What is the job availability like for Real Estate Sales Agents in Knoxville?
With 0.956 jobs per 1,000 workers, the availability of Real Estate Sales Agent positions in Knoxville is moderate, suggesting steady opportunities for qualified professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 400 employees in the Knoxville, TN area with a job density of 0.956 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 Knoxville, TN