Average Real Estate Sales Agents Salary in Phoenix-Mesa-Chandler, AZ
Real Estate Sales Agents in the Phoenix-Mesa-Chandler, AZ area earn an average annual salary of $69,280. This figure is slightly below the national average of $70,360, indicating a localized market dynamic that influences compensation. Factors such as local market conditions, demand for housing, and the overall economic health of the region play a significant role in shaping these salary outcomes.
Executive Summary
- Average Salary: $69,280 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,680.
- Outlook: The Phoenix-Mesa-Chandler metropolitan area demonstrates a robust job market for Real Estate Sales Agents, evidenced by a substantial local workforce of 6,440 individuals. The Location Quotient of 2.22 significantly exceeds the national average, signaling a higher concentration of these professionals in the region, which often correlates with strong and sustained demand for their services.
Salary Overview
The average Real Estate Sales Agents in Phoenix-Mesa-Chandler, AZ earns-1.5%below the national average.
$33.3
$1,332
$5,773
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 the real estate sector, like many others, has experienced fluctuations and growth over time. Salary trends for Real Estate Sales Agents in Phoenix-Mesa-Chandler likely reflect broader economic patterns, including interest rate changes, housing inventory levels, and population growth, which typically lead to incremental salary increases over a four-year period.
Real Estate Sales Agents Salary Distribution in Phoenix-Mesa-Chandler, AZ
Career progression for Real Estate Sales Agents in Phoenix-Mesa-Chandler typically involves a significant salary increase with experience. Entry-level agents may start at a lower percentile, earning considerably less than the average, while seasoned professionals with a proven track record and extensive network can command salaries well above the $69,280 average. The widening gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $32,130 | $15.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $51,960 | $25 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $53,370 | $25.7 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $86,600 | $41.6 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $107,680 | $51.8 |
Detailed Real Estate Sales Agents Market Analysis
Relocation Context
Nominal Salary
$69,280
Gross Pay
Real Wage (Purchasing Power)
$69,280
Adjusted for COL (100)
The nominal average annual salary of $69,280 in Phoenix-Mesa-Chandler aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a Real Estate Sales Agent's salary in this area is comparable to the national average. While the salary is not significantly higher than the national benchmark, the cost of living being on par suggests that the compensation is relatively stable and predictable in terms of affordability.
Job Market Context
6,440
Total Jobs
2.749
Per 1K Jobs
2.22
Location Quotient
Phoenix-Mesa-Chandler, AZ has 2.2x 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.
With a Location Quotient of 2.22, the Phoenix-Mesa-Chandler area exhibits a significantly higher concentration of Real Estate Sales Agents compared to the national average. This indicates a specialized and potentially competitive market where demand for these services is notably strong, attracting a larger pool of professionals. Such a high quotient suggests that the local economy relies heavily on real estate sales, creating abundant opportunities but also potentially increasing competition among agents.
Nearby Job Markets
Nearby Cities for Real Estate Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Arizona nonmetropolitan area Real Estate Sales Agents Salary | $76,410↑ 10% | 39 mi |
| Prescott Valley-Prescott, AZ Real Estate Sales Agents Salary | $70,220↑ 1% | 72 mi |
Comparing salaries near Phoenix-Mesa-Chandler, AZ
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Frequently Asked Questions
How much does a Real Estate Sales Agents make in Phoenix-Mesa-Chandler, AZ?
The median annual salary for a Real Estate Sales Agents in Phoenix-Mesa-Chandler, AZ is $69,280. This typically ranges from $32,130 for entry-level positions to $107,680 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Phoenix-Mesa-Chandler, AZ is 1.5% lower than the national median of $70,360.
Is Phoenix-Mesa-Chandler, AZ a lucrative place for Real Estate Sales Agents?
Yes, with strong potential for growth.The area has a high concentration of real estate agents (LQ 2.22) and a substantial workforce, indicating robust demand. While the average salary is slightly below the national average, the cost of living is also at the national average, suggesting stable earning potential.
Is Phoenix-Mesa-Chandler, AZ a good place to live for Real Estate Sales Agents?
The Cost of Living Index in Phoenix-Mesa-Chandler, AZ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Phoenix-Mesa-Chandler, AZ?
Some top paying nearby cities include Arizona nonmetropolitan area ($76,410) and Prescott Valley-Prescott, AZ.
How does the Phoenix-Mesa-Chandler salary compare to the national average?
The average annual salary for Real Estate Sales Agents in Phoenix-Mesa-Chandler is $69,280, which is slightly lower than the national average of $70,360.
What does the Location Quotient of 2.22 mean for Real Estate Sales Agents in Phoenix?
A Location Quotient of 2.22 signifies that Phoenix-Mesa-Chandler has more than double the national average concentration of Real Estate Sales Agents, indicating a strong local demand and a specialized job market.
Is the cost of living in Phoenix-Mesa-Chandler high for Real Estate Sales Agents?
The Cost of Living Index for Phoenix-Mesa-Chandler is 100, which is exactly the national average. This means the $69,280 salary offers purchasing power equivalent to the national average.
What is the total number of Real Estate Sales Agents in the Phoenix-Mesa-Chandler area?
There are approximately 6,440 Real Estate Sales Agents employed in the Phoenix-Mesa-Chandler 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 6,440 employees in the Phoenix-Mesa-Chandler, AZ area with a job density of 2.749 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 Phoenix-Mesa-Chandler, AZ