Business & Finance Newark, NJ
Pop. 311,549
Real Estate Agent Salary in Newark, New Jersey
The median real estate agent salary in Newark, NJ is $62,436 per year, which is 20.0% above the national median and 2.4% below the New Jersey state average.
City Median
$62,436
vs State Avg
$-1,561
vs National
+$10,406
Cost of Living
112%
Real Estate Agent Salary in Newark by Experience
In Newark, an entry-level real estate agent earns around $36,000, while experienced professionals earn up to $132,000 per year. The local cost of living index is 112% of the national average.
Entry Level (0-2 yrs)
$36,000
+$6,000 vs national
Mid Level (3-7 yrs)
$66,000
+$11,000 vs national
Senior Level (8+ yrs)
$132,000
+$22,000 vs national
Salary Percentiles in Newark, NJ
| Percentile | Newark |
|---|---|
| 10th Percentile | $34,560 |
| 25th Percentile | $42,480 |
| Median (50th) | $62,436 |
| 75th Percentile | $91,440 |
| 90th Percentile | $134,880 |
Real Estate Agent Salary in Other New Jersey Cities
How to Become a Real Estate Agent in Newark
Education
Most real estate agent positions require a high school diploma. Newark and the surrounding New Jersey 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 Newark may vary based on local industry and population growth.