Average Real Estate Sales Agents Salary in Prescott Valley-Prescott, AZ
Real Estate Sales Agents in Prescott Valley-Prescott, AZ earn an average annual salary of $70,220. This figure is remarkably close to the national average of $70,360, indicating a stable and competitive market. Local economic factors and demand within the Prescott Valley-Prescott area likely contribute to this pay parity.
Executive Summary
- Average Salary: $70,220 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $89,990.
- Outlook: With a total local workforce of 330 Real Estate Sales Agents, Prescott Valley-Prescott demonstrates a significant concentration of these professionals, as evidenced by a Location Quotient of 3.77. This high concentration suggests a robust and active job market for real estate agents in the region, implying strong demand and a healthy number of opportunities for those in the field.
Salary Overview
The average Real Estate Sales Agents in Prescott Valley-Prescott, AZ earns-0.2%below the national average.
$33.8
$1,350
$5,852
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 Prescott Valley-Prescott have experienced steady growth over the past four years, mirroring national trends. Factors such as market fluctuations, increased housing demand, and inflation typically drive salary increases in this sector.
Real Estate Sales Agents Salary Distribution in Prescott Valley-Prescott, AZ
Salary progression for Real Estate Sales Agents in Prescott Valley-Prescott typically scales 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 significantly higher earnings. The percentile gaps in salary data clearly signify career progression opportunities and the rewards of accumulated expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $29,850 | $14.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $52,665 | $25.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $82,690 | $39.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $87,775 | $42.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $89,990 | $43.3 |
Detailed Real Estate Sales Agents Market Analysis
Relocation Context
Nominal Salary
$70,220
Gross Pay
Real Wage (Purchasing Power)
$70,220
Adjusted for COL (100)
The nominal average annual salary of $70,220 in Prescott Valley-Prescott aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Real Estate Sales Agent's salary in this area is equivalent to the national average, suggesting a balanced economic environment where earnings effectively cover living expenses.
Job Market Context
330
Total Jobs
4.666
Per 1K Jobs
3.77
Location Quotient
Prescott Valley-Prescott, AZ has 3.8x 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.
The exceptionally high Location Quotient of 3.77 for Real Estate Sales Agents in Prescott Valley-Prescott signifies a market that is nearly four times more concentrated with these professionals than the national average. This indicates a highly specialized and potentially competitive job market, where local expertise and strong networking are crucial for success.
Nearby Job Markets
Nearby Cities for Real Estate Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Flagstaff, AZ Real Estate Sales Agents Salary | $65,370↓ 7% | 57 mi |
| Phoenix-Mesa-Chandler, AZ Real Estate Sales Agents Salary | $69,280↓ 1% | 72 mi |
| Arizona nonmetropolitan area Real Estate Sales Agents Salary | $76,410↑ 9% | 79 mi |
Comparing salaries near Prescott Valley-Prescott, AZ
Hiring Real Estate Sales Agentss?
Frequently Asked Questions
How much does a Real Estate Sales Agents make in Prescott Valley-Prescott, AZ?
The median annual salary for a Real Estate Sales Agents in Prescott Valley-Prescott, AZ is $70,220. This typically ranges from $29,850 for entry-level positions to $89,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Prescott Valley-Prescott, AZ is 0.2% lower than the national median of $70,360.
Is Prescott Valley-Prescott, AZ a lucrative place for Real Estate Sales Agents?
Yes, it offers competitive compensation.The average salary of $70,220 is on par with the national average, and the cost of living is also at the national average, making it a financially stable location for agents.
Is Prescott Valley-Prescott, AZ a good place to live for Real Estate Sales Agents?
The Cost of Living Index in Prescott Valley-Prescott, AZ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Prescott Valley-Prescott, AZ?
Some top paying nearby cities include Flagstaff, AZ ($65,370) and Phoenix-Mesa-Chandler, AZ.
How does the local salary compare to the national average?
The average salary for Real Estate Sales Agents in Prescott Valley-Prescott, AZ is $70,220, which is very close to the national average of $70,360.
What does the Location Quotient of 3.77 mean for Real Estate Sales Agents?
A Location Quotient of 3.77 indicates that Real Estate Sales Agents are significantly more concentrated in Prescott Valley-Prescott, AZ than in the average U.S. location, suggesting a robust local market for this profession.
Is the cost of living high in Prescott Valley-Prescott, AZ?
No, the Cost of Living Index is 100, which is exactly the national average, meaning the cost of goods and services is neither significantly higher nor lower than the U.S. average.
How many Real Estate Sales Agents are there in Prescott Valley-Prescott, AZ?
There are approximately 330 Real Estate Sales Agents in the local workforce, representing 4.666 jobs per 1,000 workers in the area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Prescott Valley-Prescott, AZ area with a job density of 4.666 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 Prescott Valley-Prescott, AZ