Average Real Estate Sales Agents Salary in Raleigh-Cary, NC
Real Estate Sales Agents in Raleigh-Cary, NC, command an average annual salary of $70,550, slightly surpassing the national average of $70,360. This near-parity in compensation, despite a robust local market, suggests that the specific dynamics of the North Carolina real estate sector and the demand within the Raleigh-Cary metropolitan area are key drivers of local pay rates.
Executive Summary
- Average Salary: $70,550 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $113,730.
- Outlook: The Raleigh-Cary, NC market for Real Estate Sales Agents appears robust, evidenced by a substantial local workforce of 2,430 professionals. The Location Quotient of 2.71 indicates a significantly higher concentration of these roles compared to the national average, suggesting strong local demand and a well-established industry presence that supports a healthy job market for agents.
Salary Overview
The average Real Estate Sales Agents in Raleigh-Cary, NC earns+0.3%above the national average.
$33.9
$1,357
$5,879
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 Raleigh-Cary, NC have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing property values, population influx, and evolving market conditions likely contribute to an upward trajectory in compensation for experienced professionals in this dynamic region.
Real Estate Sales Agents Salary Distribution in Raleigh-Cary, NC
Career progression for Real Estate Sales Agents in Raleigh-Cary, NC, typically correlates with increased earnings. Entry-level agents may start at lower percentiles, while seasoned professionals with established client bases and a proven track record can command salaries in the higher percentiles. The significant gaps between salary percentiles underscore the substantial earning potential that comes with experience and specialization in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $31,840 | $15.3 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $52,913 | $25.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $47,390 | $22.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $88,188 | $42.4 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $113,730 | $54.7 |
Detailed Real Estate Sales Agents Market Analysis
Relocation Context
Nominal Salary
$70,550
Gross Pay
Real Wage (Purchasing Power)
$70,550
Adjusted for COL (100)
The average annual salary of $70,550 in Raleigh-Cary, NC, 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 income in this area is equivalent to the national standard, offering a stable financial environment for residents without the added pressure of higher living expenses.
Job Market Context
2,430
Total Jobs
3.354
Per 1K Jobs
2.71
Location Quotient
Raleigh-Cary, NC has 2.7x 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 2.71, Raleigh-Cary, NC, exhibits a market that is more than twice as concentrated with Real Estate Sales Agents compared to the national average. This high concentration suggests a mature and active real estate market with significant opportunities, but also implies a competitive landscape where differentiation and strong performance are crucial for success.
Nearby Job Markets
Nearby Cities for Real Estate Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC Real Estate Sales Agents Salary | $59,530↓ 16% | 18 mi |
| Goldsboro, NC Real Estate Sales Agents Salary | $61,470↓ 13% | 49 mi |
| Fayetteville, NC Real Estate Sales Agents Salary | $52,080↓ 26% | 55 mi |
Comparing salaries near Raleigh-Cary, NC
Hiring Real Estate Sales Agentss?
Frequently Asked Questions
How much does a Real Estate Sales Agents make in Raleigh-Cary, NC?
The median annual salary for a Real Estate Sales Agents in Raleigh-Cary, NC is $70,550. This typically ranges from $31,840 for entry-level positions to $113,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 0.3% higher than the national median of $70,360.
Is Raleigh-Cary, NC a lucrative place for Real Estate Sales Agentss?
Yes, it offers competitive compensation at the national average cost of living.The average salary is slightly above the national average, and with a cost of living index matching the national average, the purchasing power remains strong. The high concentration of agents also indicates a vibrant market.
Is Raleigh-Cary, NC a good place to live for Real Estate Sales Agents?
The Cost of Living Index in Raleigh-Cary, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Raleigh-Cary, NC?
Some top paying nearby cities include Durham-Chapel Hill, NC ($59,530) and Goldsboro, NC.
How does the number of Real Estate Sales Agents in Raleigh-Cary compare nationally?
Raleigh-Cary, NC has 2,430 Real Estate Sales Agents, and with a Location Quotient of 2.71, the concentration of these professionals is significantly higher than the national average.
What does a Location Quotient of 2.71 mean for Real Estate Sales Agents in Raleigh-Cary?
A Location Quotient of 2.71 signifies that Real Estate Sales Agents are more than 2.7 times more concentrated in Raleigh-Cary, NC, than in the average U.S. location, indicating a strong local industry presence and demand.
How does the cost of living in Raleigh-Cary affect the salary of Real Estate Sales Agents?
The cost of living in Raleigh-Cary is exactly at the national average (100), meaning the $70,550 average salary provides purchasing power equivalent to the national average, offering good financial stability.
What is the job density for Real Estate Sales Agents in Raleigh-Cary?
There are 3.354 jobs per 1,000 workers for Real Estate Sales Agents in Raleigh-Cary, NC, indicating a notable presence of this profession within the local employment landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,430 employees in the Raleigh-Cary, NC area with a job density of 3.354 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 Raleigh-Cary, NC