Average Real Estate Sales Agents Salary in Lafayette, LA
Real Estate Sales Agents in Lafayette, LA, earn an average annual salary of $41,950. This figure is notably lower than the national average of $70,360, reflecting localized market dynamics and economic conditions specific to the Lafayette area. Factors such as regional demand for housing and the overall economic health of the community play a significant role in shaping compensation for these professionals.
Executive Summary
- Average Salary: $41,950 per year.
- Growth Trend: Salaries have shifted 0.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $82,180.
- Outlook: The Lafayette real estate market supports a local workforce of 240 Real Estate Sales Agents. With a Location Quotient of 1.13, the concentration of these professionals in Lafayette is slightly higher than the national average, suggesting a stable, albeit not rapidly expanding, demand for their services within the region. The presence of 1.395 jobs per 1,000 workers indicates a consistent need for real estate expertise.
Salary Overview
The average Real Estate Sales Agents in Lafayette, LA earns-40.4%below the national average.
$20.2
$807
$3,496
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 Lafayette have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, fluctuations in the housing market, and inflation typically contribute to modest annual increases in compensation for professionals in this field.
Real Estate Sales Agents Salary Distribution in Lafayette, LA
Career progression for Real Estate Sales Agents in Lafayette, LA, typically involves a significant salary increase with experience. Entry-level agents may start at 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 distributions clearly signify the potential for substantial career advancement and increased earning power.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $17,560 | $8.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $31,463 | $15.1 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $25,690 | $12.4 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $52,438 | $25.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $82,180 | $39.5 |
Detailed Real Estate Sales Agents Market Analysis
Relocation Context
Nominal Salary
$41,950
Gross Pay
Real Wage (Purchasing Power)
$41,950
Adjusted for COL (100)
The average annual salary of $41,950 for Real Estate Sales Agents in Lafayette, LA, aligns precisely with the national average cost of living, which stands at an index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that income is comparable to the national standard, making Lafayette an economically balanced location for these professionals.
Job Market Context
240
Total Jobs
1.395
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Lafayette, LA has a slightly higher-than-average concentration of Real Estate Sales Agents roles compared to the national norm.
A Location Quotient of 1.13 indicates that Lafayette, LA, has a slightly higher concentration of Real Estate Sales Agents compared to the national average. This suggests a moderately competitive market where demand is present and sustained, but perhaps not experiencing explosive growth. The job market is robust enough to support the existing workforce, with opportunities available for both new entrants and experienced agents.
Nearby Job Markets
Nearby Cities for Real Estate Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Baton Rouge, LA Real Estate Sales Agents Salary | $53,270↑ 27% | 56 mi |
| Southwest Louisiana nonmetropolitan area Real Estate Sales Agents Salary | $43,780↑ 4% | 67 mi |
| Central Louisiana nonmetropolitan area Real Estate Sales Agents Salary | $45,130↑ 8% | 67 mi |
| Northeast Louisiana nonmetropolitan area Real Estate Sales Agents Salary | $48,860↑ 16% | 67 mi |
| Lake Charles, LA Real Estate Sales Agents Salary | $48,250↑ 15% | 70 mi |
Comparing salaries near Lafayette, LA
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Frequently Asked Questions
How much does a Real Estate Sales Agents make in Lafayette, LA?
The median annual salary for a Real Estate Sales Agents in Lafayette, LA is $41,950. This typically ranges from $17,560 for entry-level positions to $82,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette, LA is 40.4% lower than the national median of $70,360.
Is Lafayette, LA 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 nominal salary for Real Estate Sales Agents in Lafayette is significantly below the national average. The market concentration is only slightly above average, indicating moderate demand.
Is Lafayette, LA a good place to live for Real Estate Sales Agents?
The Cost of Living Index in Lafayette, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette, LA?
Some top paying nearby cities include Baton Rouge, LA ($53,270) and Southwest Louisiana nonmetropolitan area.
What is the average salary for a Real Estate Sales Agent in Lafayette, LA?
The average annual salary for a Real Estate Sales Agent in Lafayette, LA, is $41,950.
How does Lafayette's cost of living compare to the national average?
Lafayette, LA, has a cost of living index of 100, which is exactly the national average.
Is the job market for Real Estate Sales Agents concentrated in Lafayette?
Yes, Lafayette has a slightly higher concentration of Real Estate Sales Agents than the national average, with a Location Quotient of 1.13.
How many Real Estate Sales Agents are there in Lafayette, LA?
There are approximately 240 Real Estate Sales Agents working in Lafayette, LA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Lafayette, LA area with a job density of 1.395 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 Lafayette, LA