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Average Real Estate Sales Agents Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Real Estate Sales Agents in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area earn an average annual salary of $65,370. This figure is slightly below the national average of $70,360, suggesting that while the market is active, local economic factors and commission structures may influence overall compensation compared to other regions. The specific dynamics of the local housing market and the competitive landscape play a significant role in shaping these earnings.

Executive Summary

  • Average Salary: $65,370 per year.
  • Growth Trend: Salaries have shifted 32.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $118,470.
  • Outlook: With a local workforce of 3,230 Real Estate Sales Agents and a Location Quotient of 0.91, the Philadelphia-Camden-Wilmington area exhibits a job market concentration that is nearly on par with the national average. This indicates a stable, albeit not exceptionally concentrated, demand for real estate professionals. The presence of over three thousand agents suggests a robust and active sector, providing ample opportunities for those entering or established in the field.
2024 Market Data

Salary Overview

$65,370

The average Real Estate Sales Agents in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns-7.1%below the national average.

BreakdownBased on 40h/week
Hourly

$31.4

Weekly

$1,257

Monthly

$5,448

Real Estate Sales Agents Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

The career path for Real Estate Sales Agents typically involves significant salary progression with experience. Entry-level agents might start with lower base earnings or commission rates, while seasoned professionals with established client networks and a proven track record can command substantially higher incomes. The widening gap in earnings between junior and senior agents underscores the importance of building expertise and a strong reputation within the local market.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$26,950$13
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$49,028$23.6
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$54,430$26.2
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$81,713$39.3
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$118,470$57

Detailed Real Estate Sales Agents Market Analysis

Relocation Context

Nominal Salary

$65,370

Gross Pay

Real Wage (Purchasing Power)

$65,370

Adjusted for COL (100)

The average annual salary of $65,370 in Philadelphia-Camden-Wilmington aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Real Estate Sales Agent's income in this region is comparable to the national standard. While the nominal salary is slightly below the national average, the equivalent cost of living suggests that the take-home pay effectively supports a similar lifestyle to that experienced elsewhere in the country.

Job Market Context

3,230

Total Jobs

1.126

Per 1K Jobs

0.91

Location Quotient

Below Average

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has 0.91x 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 0.91 for Real Estate Sales Agents in Philadelphia-Camden-Wilmington indicates that the concentration of these professionals in the area is just slightly below the national average. This suggests a competitive but not oversaturated market. While there are a substantial number of agents, the demand is relatively balanced with the supply, offering a healthy environment for both new entrants and experienced professionals to find opportunities.

Nearby Job Markets

Nearby Cities for Real Estate Sales Agents

CitySalaryDist.
Trenton-Princeton, NJ Real Estate Sales Agents Salary$73,620↑ 13%28 mi
Allentown-Bethlehem-Easton, PA-NJ Real Estate Sales Agents Salary$61,230↓ 6%47 mi
Sussex Delaware nonmetropolitan area Real Estate Sales Agents Salary$59,560↓ 9%47 mi
Reading, PA Real Estate Sales Agents Salary$67,650↑ 3%48 mi

Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Hiring Real Estate Sales Agentss?

Frequently Asked Questions

How much does a Real Estate Sales Agents make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?

The median annual salary for a Real Estate Sales Agents in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $65,370. This typically ranges from $26,950 for entry-level positions to $118,470 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 7.1% lower than the national median of $70,360.

Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Real Estate Sales Agentss?

Moderately lucrative, with earnings aligning with the national cost of living.The average salary of $65,370 is slightly below the national average, but with a cost of living index of 100, the purchasing power is comparable. The market is stable with a near-average concentration of professionals.

Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Real Estate Sales Agents?

The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?

Some top paying nearby cities include Trenton-Princeton, NJ ($73,620) and Allentown-Bethlehem-Easton, PA-NJ.

How does the Philadelphia-Camden-Wilmington salary compare to the national average?

The average annual salary for Real Estate Sales Agents in Philadelphia-Camden-Wilmington is $65,370, which is approximately $5,000 less than the national average of $70,360.

What is the job concentration for Real Estate Sales Agents in this area?

The Location Quotient is 0.91, indicating that the concentration of Real Estate Sales Agents in Philadelphia-Camden-Wilmington is slightly lower than the national average.

How does the cost of living affect the Real Estate Sales Agent salary in Philadelphia?

With a Cost of Living Index of 100, the local cost of living is exactly the national average. This means the $65,370 salary offers purchasing power equivalent to the national average.

How many Real Estate Sales Agents are employed in the Philadelphia-Camden-Wilmington area?

There are approximately 3,230 Real Estate Sales Agents employed in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 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 3,230 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 1.126 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Semantic Salary Analysis for Real Estate Sales Agents • Data source: BLS OEWS 2024 •Jobs in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD