Business & Finance Minneapolis, MN Pop. 429,954

Real Estate Agent Salary in Minneapolis, Minnesota

The median real estate agent salary in Minneapolis, MN is $55,672 per year, which is 7.0% above the national median and 8.1% above the Minnesota state average.

City Median
$55,672
vs State Avg
+$4,162
vs National
+$3,642
Cost of Living
105%

Real Estate Agent Salary in Minneapolis by Experience

In Minneapolis, an entry-level real estate agent earns around $32,100, while experienced professionals earn up to $117,700 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$32,100
+$2,100 vs national
Mid Level (3-7 yrs)
$58,850
+$3,850 vs national
Senior Level (8+ yrs)
$117,700
+$7,700 vs national

Salary Percentiles in Minneapolis, MN

Percentile Minneapolis
10th Percentile $30,816
25th Percentile $37,878
Median (50th) $55,672
75th Percentile $81,534
90th Percentile $120,268

Real Estate Agent Salary in Other Minnesota Cities

Bloomington, MN
$54,111
Pop. 89,987
Saint Paul, MN
$53,071
Pop. 311,527
Rochester, MN
$52,030
Pop. 121,395
Duluth, MN
$47,868
Pop. 90,884

How to Become a Real Estate Agent in Minneapolis

Education

Most real estate agent positions require a high school diploma. Minneapolis and the surrounding Minnesota area have institutions offering relevant programs.

Key Skills

NegotiationMarket AnalysisCustomer ServiceMLS SystemsMarketingContract Knowledge

Job Outlook

Nationally, real estate agent employment is projected to grow 3% over the next decade (as fast as average). Demand in Minneapolis may vary based on local industry and population growth.

Find Real Estate Agent Jobs in Minneapolis

Browse open real estate agent positions in Minneapolis, MN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Real Estate Agent Salary in Minneapolis

How much does a Real Estate Agent make in Minneapolis, MN? ▼
The median real estate agent salary in Minneapolis, Minnesota is $55,672 per year, which is 7.0% above the national median of $52,030. Salaries range from $30,816 (10th percentile) to $120,268 (90th percentile).
How much does a Real Estate Agent make per hour in Minneapolis? ▼
Based on the median annual salary of $55,672, a real estate agent in Minneapolis earns approximately $27 per hour assuming a standard 2,080-hour work year.
How does Minneapolis compare to the Minnesota state average for real estate agent pay? ▼
Minneapolis's median real estate agent salary of $55,672 is 8.1% above the Minnesota state average of $51,510. The local cost of living index is 105% of the national average.
What is the cost of living in Minneapolis, MN? ▼
Minneapolis has a cost of living index of 105% compared to the national average. This means a real estate agent salary of $55,672 in Minneapolis has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a real estate agent in Minneapolis? ▼
Most real estate agent positions in Minneapolis require a high school diploma. Key skills include Negotiation, Market Analysis, Customer Service, MLS Systems. The job market is projected to grow 3% nationally over the next decade.