Average Real Estate Sales Agents Salary in Nashville-Davidson--Murfreesboro--Franklin, TN
Real Estate Sales Agents in the Nashville-Davidson--Murfreesboro--Franklin, TN area earn an average annual salary of $50,270. This figure is notably below the national average of $70,360, indicating that local market dynamics and economic factors likely influence compensation levels. The specific economic landscape and demand within this Tennessee region shape the earning potential for professionals in this field.
Executive Summary
- Average Salary: $50,270 per year.
- Growth Trend: Salaries have shifted 5.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $87,050.
- Outlook: With a local workforce of 930 Real Estate Sales Agents and a Location Quotient of 0.68, the job market in Nashville-Davidson--Murfreesboro--Franklin, TN, shows a concentration below the national average. This suggests that while there is a presence of real estate agents, the field is not disproportionately represented compared to national trends, implying a stable but not overly saturated demand.
Salary Overview
The average Real Estate Sales Agents in Nashville-Davidson--Murfreesboro--Franklin, TN earns-28.6%below the national average.
$24.2
$967
$4,189
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 United States, including the Nashville metropolitan area, have experienced a gradual upward trend. This growth is typically driven by factors such as increasing property values, market activity, and inflation, suggesting that current earnings may be higher than those recorded several years ago.
Real Estate Sales Agents Salary Distribution in Nashville-Davidson--Murfreesboro--Franklin, TN
The career trajectory for Real Estate Sales Agents typically involves significant salary growth with experience. Entry-level agents often start at the lower end of the pay scale, while seasoned professionals with a proven track record and established client base can command substantially higher earnings. The percentile gaps in salary distributions clearly signify the career progression and earning potential as agents advance in their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $31,380 | $15.1 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $37,703 | $18.1 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $38,320 | $18.4 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $62,838 | $30.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $87,050 | $41.9 |
Detailed Real Estate Sales Agents Market Analysis
Relocation Context
Nominal Salary
$50,270
Gross Pay
Real Wage (Purchasing Power)
$50,270
Adjusted for COL (100)
The average annual salary of $50,270 for Real Estate Sales Agents in Nashville-Davidson--Murfreesboro--Franklin, TN, aligns precisely with the national average Cost of Living Index of 100. This means that the nominal income earned by agents in this area has purchasing power equivalent to the national average, suggesting that the lower-than-national average salary is balanced by a comparable cost of living.
Job Market Context
930
Total Jobs
0.845
Per 1K Jobs
0.68
Location Quotient
Nashville-Davidson--Murfreesboro--Franklin, TN has 0.68x 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.
A Location Quotient of 0.68 for Real Estate Sales Agents in Nashville-Davidson--Murfreesboro--Franklin, TN, indicates that this profession is less concentrated in this area compared to the national average. This suggests that the job market may be less competitive in terms of the sheer number of agents per capita, potentially offering opportunities for those looking to enter or expand within the local real estate sector.
Nearby Job Markets
Nearby Cities for Real Estate Sales Agents
| City | Salary | Dist. |
|---|---|---|
| West Tennessee nonmetropolitan area Real Estate Sales Agents Salary | $40,900↓ 19% | 29 mi |
| North Central Tennessee nonmetropolitan area Real Estate Sales Agents Salary | $57,520↑ 14% | 29 mi |
| Clarksville, TN-KY Real Estate Sales Agents Salary | $52,220↑ 4% | 42 mi |
Comparing salaries near Nashville-Davidson--Murfreesboro--Franklin, TN
Hiring Real Estate Sales Agentss?
Frequently Asked Questions
How much does a Real Estate Sales Agents make in Nashville-Davidson--Murfreesboro--Franklin, TN?
The median annual salary for a Real Estate Sales Agents in Nashville-Davidson--Murfreesboro--Franklin, TN is $50,270. This typically ranges from $31,380 for entry-level positions to $87,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Nashville-Davidson--Murfreesboro--Franklin, TN is 28.6% lower than the national median of $70,360.
Is Nashville-Davidson--Murfreesboro--Franklin, TN a lucrative place for Real Estate Sales Agentss?
No, not compared to the national average.The average salary of $50,270 is significantly lower than the national average of $70,360. While the cost of living is at the national average, the nominal earnings do not reflect a lucrative market relative to national benchmarks.
Is Nashville-Davidson--Murfreesboro--Franklin, TN a good place to live for Real Estate Sales Agents?
The Cost of Living Index in Nashville-Davidson--Murfreesboro--Franklin, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Nashville-Davidson--Murfreesboro--Franklin, TN?
Some top paying nearby cities include West Tennessee nonmetropolitan area ($40,900) and North Central Tennessee nonmetropolitan area.
How does the number of real estate jobs per 1,000 workers compare nationally?
With 0.845 jobs per 1,000 workers, the Nashville area has a slightly lower density of real estate sales agent positions compared to the national average, reinforcing the below-average concentration indicated by the Location Quotient.
What is the significance of the Location Quotient (LQ) for this role?
An LQ of 0.68 means that Real Estate Sales Agents are 32% less concentrated in Nashville-Davidson--Murfreesboro--Franklin, TN, than the national average. This suggests a less saturated market relative to other professions.
Does experience significantly impact a Real Estate Sales Agent's salary in Nashville?
Yes, like most sales roles, experience is a major driver of income for Real Estate Sales Agents. Senior agents with established networks and a strong sales history typically earn considerably more than those just starting out.
How does the Nashville real estate market compare to national salary benchmarks?
The Nashville market currently offers a lower average salary for Real Estate Sales Agents compared to the national average, despite having a cost of living that is on par with the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 930 employees in the Nashville-Davidson--Murfreesboro--Franklin, TN area with a job density of 0.845 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Real Estate Sales Agents Salaries by State
Top Jobs in Nashville-Davidson--Murfreesboro--Franklin, TN
- All Occupations Salary in Nashville-Davidson--Murfreesboro--Franklin, TN
- Office and Administrative Support Occupations Salary in Nashville-Davidson--Murfreesboro--Franklin, TN
- Transportation and Material Moving Occupations Salary in Nashville-Davidson--Murfreesboro--Franklin, TN
- Food Preparation and Serving Related Occupations Salary in Nashville-Davidson--Murfreesboro--Franklin, TN
- Sales and Related Occupations Salary in Nashville-Davidson--Murfreesboro--Franklin, TN
- Management Occupations Salary in Nashville-Davidson--Murfreesboro--Franklin, TN
- Healthcare Practitioners and Technical Occupations Salary in Nashville-Davidson--Murfreesboro--Franklin, TN
- Business and Financial Operations Occupations Salary in Nashville-Davidson--Murfreesboro--Franklin, TN
- Production Occupations Salary in Nashville-Davidson--Murfreesboro--Franklin, TN
- Educational Instruction and Library Occupations Salary in Nashville-Davidson--Murfreesboro--Franklin, TN
- Browse All Jobs in Nashville-Davidson--Murfreesboro--Franklin, TN →
Semantic Salary Analysis for Real Estate Sales Agents • Data source: BLS OEWS 2024 •Jobs in Nashville-Davidson--Murfreesboro--Franklin, TN