Average Real Estate Sales Agents Salary in Providence-Warwick, RI-MA
Real Estate Sales Agents in the Providence-Warwick, RI-MA area earn an average annual salary of $66,260. This figure is slightly below the national average of $70,360, suggesting that while the market offers competitive compensation, local economic factors and demand may influence pay rates compared to broader national trends.
Executive Summary
- Average Salary: $66,260 per year.
- Growth Trend: Salaries have shifted 7.4% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,040.
- Outlook: The Providence-Warwick area supports a local workforce of 990 Real Estate Sales Agents, with 1.406 jobs per 1,000 workers. A Location Quotient of 1.14 indicates a slightly higher concentration of these professionals than the national average, suggesting a stable and potentially growing demand for real estate services within the region.
Salary Overview
The average Real Estate Sales Agents in Providence-Warwick, RI-MA earns-5.8%below the national average.
$31.9
$1,274
$5,522
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 Providence-Warwick have experienced growth over the past four years, mirroring national trends. Factors such as market fluctuations, interest rate changes, and regional economic development likely contribute to salary adjustments and career opportunities.
Real Estate Sales Agents Salary Distribution in Providence-Warwick, RI-MA
The career trajectory for Real Estate Sales Agents typically involves significant salary growth with experience. Entry-level agents may start at the lower end of the pay scale, while seasoned professionals with established client bases and proven sales records can command salaries well above the average, with higher percentiles reflecting substantial earning potential and career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $34,940 | $16.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $49,695 | $23.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $58,450 | $28.1 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $82,825 | $39.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $123,040 | $59.2 |
Detailed Real Estate Sales Agents Market Analysis
Relocation Context
Nominal Salary
$66,260
Gross Pay
Real Wage (Purchasing Power)
$66,260
Adjusted for COL (100)
With a Cost of Living Index of 100, Providence-Warwick is perfectly aligned with the national average. This means the nominal salary of $66,260 for Real Estate Sales Agents holds its purchasing power directly against the national standard, offering a balanced financial landscape for residents.
Job Market Context
990
Total Jobs
1.406
Per 1K Jobs
1.14
Location Quotient
With a location quotient of 1.14, Providence-Warwick, RI-MA has a slightly higher-than-average concentration of Real Estate Sales Agents roles compared to the national norm.
The Location Quotient of 1.14 for Real Estate Sales Agents in Providence-Warwick signifies a market with a slightly higher concentration of professionals compared to the national average. This suggests a competitive yet robust job market where demand for skilled agents is present and potentially slightly exceeds the national norm.
Nearby Job Markets
Nearby Cities for Real Estate Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Massachusetts nonmetropolitan area Real Estate Sales Agents Salary | $80,920↑ 22% | 29 mi |
| Worcester, MA Real Estate Sales Agents Salary | $78,450↑ 18% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Real Estate Sales Agents Salary | $95,900↑ 45% | 38 mi |
| Norwich-New London-Willimantic, CT Real Estate Sales Agents Salary | $54,790↓ 17% | 39 mi |
| Barnstable Town, MA Real Estate Sales Agents Salary | $82,980↑ 25% | 58 mi |
Comparing salaries near Providence-Warwick, RI-MA
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Frequently Asked Questions
How much does a Real Estate Sales Agents make in Providence-Warwick, RI-MA?
The median annual salary for a Real Estate Sales Agents in Providence-Warwick, RI-MA is $66,260. This typically ranges from $34,940 for entry-level positions to $123,040 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Providence-Warwick, RI-MA is 5.8% lower than the national median of $70,360.
Is Providence-Warwick, RI-MA a lucrative place for Real Estate Sales Agents?
Yes, with caveats.The average salary is close to the national average, and the cost of living is also at the national average, making it a stable market. However, the slightly lower average salary than the national benchmark indicates potential for higher earnings elsewhere, though the concentration of agents suggests opportunity.
Is Providence-Warwick, RI-MA a good place to live for Real Estate Sales Agents?
The Cost of Living Index in Providence-Warwick, RI-MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Providence-Warwick, RI-MA?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($80,920) and Worcester, MA.
How does the Providence-Warwick salary compare to the national average?
The average annual salary for Real Estate Sales Agents in Providence-Warwick is $66,260, which is slightly lower than the national average of $70,360.
What is the cost of living in Providence-Warwick, RI-MA?
The cost of living index in Providence-Warwick is 100, which is exactly the national average, indicating that the cost of goods and services is comparable to the rest of the country.
How concentrated are Real Estate Sales Agents in Providence-Warwick?
The Location Quotient of 1.14 suggests that Real Estate Sales Agents are slightly more concentrated in Providence-Warwick than the national average, indicating a healthy presence of the profession.
What does the total local workforce number mean for Real Estate Sales Agents?
With a total local workforce of 990 Real Estate Sales Agents, the market demonstrates a significant number of professionals, contributing to a dynamic and active real estate sector within the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 990 employees in the Providence-Warwick, RI-MA area with a job density of 1.406 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 Providence-Warwick, RI-MA