Average Real Estate Sales Agents Salary in Palm Bay-Melbourne-Titusville, FL
Real Estate Sales Agents in the Palm Bay-Melbourne-Titusville, FL area are earning a substantial average annual salary of $103,500. This figure significantly outpaces the national average of $70,360, indicating a strong local demand and potentially higher commission structures or property values within this Florida region. The robust compensation reflects the unique economic drivers and real estate market dynamics specific to this metropolitan area.
Executive Summary
- Average Salary: $103,500 per year.
- Growth Trend: Salaries have shifted 38.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $149,990.
- Outlook: With a local workforce of 630 Real Estate Sales Agents and a Location Quotient of 2.1, the job market in Palm Bay-Melbourne-Titusville demonstrates a notable concentration of these professionals compared to the national average. This suggests a robust and active real estate sector, with demand likely sustained by local growth and property turnover, indicating a healthy environment for agents.
Salary Overview
The average Real Estate Sales Agents in Palm Bay-Melbourne-Titusville, FL earns+47.1%above the national average.
$49.8
$1,990
$8,625
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 Palm Bay-Melbourne-Titusville have experienced growth over the past four years, mirroring national trends of increasing property values and transaction volumes. Economic recovery and population shifts often contribute to upward salary trajectories in thriving real estate markets.
Real Estate Sales Agents Salary Distribution in Palm Bay-Melbourne-Titusville, FL
Career progression for Real Estate Sales Agents in Palm Bay-Melbourne-Titusville, FL, typically correlates with experience and performance. Entry-level agents may start with lower base salaries or commission rates, while seasoned professionals with established client bases and a proven track record can command significantly higher earnings. The percentile gaps in salary distribution underscore the substantial earning potential for experienced and top-performing agents.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $37,910 | $18.2 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $77,625 | $37.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $75,470 | $36.3 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $129,375 | $62.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $149,990 | $72.1 |
Detailed Real Estate Sales Agents Market Analysis
Relocation Context
Nominal Salary
$103,500
Gross Pay
Real Wage (Purchasing Power)
$103,500
Adjusted for COL (100)
The average annual salary of $103,500 in Palm Bay-Melbourne-Titusville, FL, aligns perfectly with the national average Cost of Living Index of 100. This means that the high nominal income translates directly into strong purchasing power, allowing agents to maintain a comfortable lifestyle without facing the financial strain often associated with higher cost-of-living areas.
Job Market Context
630
Total Jobs
2.59
Per 1K Jobs
2.1
Location Quotient
Palm Bay-Melbourne-Titusville, FL has 2.1x 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 2.1 for Real Estate Sales Agents in Palm Bay-Melbourne-Titusville, FL, signifies that this profession is more than twice as concentrated in this area compared to the national average. This indicates a highly specialized and competitive market, where demand for skilled agents is strong, and the industry plays a significant role in the local economy.
Nearby Job Markets
Nearby Cities for Real Estate Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Sebastian-Vero Beach-West Vero Corridor, FL Real Estate Sales Agents Salary | $83,180↓ 20% | 17 mi |
| Port St. Lucie, FL Real Estate Sales Agents Salary | $81,070↓ 22% | 50 mi |
| Orlando-Kissimmee-Sanford, FL Real Estate Sales Agents Salary | $69,550↓ 33% | 59 mi |
| North Florida nonmetropolitan area Real Estate Sales Agents Salary | $56,570↓ 45% | 64 mi |
Comparing salaries near Palm Bay-Melbourne-Titusville, FL
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Frequently Asked Questions
How much does a Real Estate Sales Agents make in Palm Bay-Melbourne-Titusville, FL?
The median annual salary for a Real Estate Sales Agents in Palm Bay-Melbourne-Titusville, FL is $103,500. This typically ranges from $37,910 for entry-level positions to $149,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Palm Bay-Melbourne-Titusville, FL is 47.1% higher than the national median of $70,360.
Is Palm Bay-Melbourne-Titusville, FL a lucrative place for Real Estate Sales Agentss?
Yes, it is a highly lucrative place for Real Estate Sales Agents.Agents here earn an average of $103,500 annually, significantly above the national average, and the cost of living is at the national average, maximizing purchasing power.
Is Palm Bay-Melbourne-Titusville, FL a good place to live for Real Estate Sales Agents?
The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Palm Bay-Melbourne-Titusville, FL?
Some top paying nearby cities include Sebastian-Vero Beach-West Vero Corridor, FL ($83,180) and Port St. Lucie, FL.
How does the local salary compare to the national average?
Real Estate Sales Agents in Palm Bay-Melbourne-Titusville, FL, earn an average of $103,500, which is considerably higher than the national average of $70,360.
What is the concentration of Real Estate Sales Agents in this area?
The area has a Location Quotient of 2.1, meaning Real Estate Sales Agents are more than twice as concentrated here compared to the national average, indicating a strong local presence.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, the local average salary of $103,500 offers excellent purchasing power, as it is aligned with the national average cost of living.
What is the total number of Real Estate Sales Agents in the area?
There are approximately 630 Real Estate Sales Agents employed within the Palm Bay-Melbourne-Titusville, FL metropolitan 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 Palm Bay-Melbourne-Titusville, FL area with a job density of 2.59 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 Palm Bay-Melbourne-Titusville, FL