Real Estate Agent Salary in Memphis, TN: $44,746 (2026)

Real Estate Agent Pay in Memphis: What to Expect (2026)

Memphis offers a median real estate agent salary of $44,746, which is $1,561 below the Tennessee state average of $46,307. Compared to the national median of $52,030, Memphis pays below the national benchmark for this role.

One of Memphis's biggest advantages is its low cost of living at 86% of the national average. This means the $44,746 salary stretches further here — equivalent to roughly $52,030 in an average-cost city. This makes Memphis an attractive option for real estate agents seeking strong real-dollar compensation.

The salary range for real estate agents in Memphis spans from $24,768 at the 10th percentile to $96,664 at the 90th percentile — a $71,896 spread. Entry-level professionals start around $25,800, while senior real estate agents with 8+ years of experience can earn up to $94,600. As a major metro area with a population of 633,104, Memphis typically offers more job opportunities and employer competition, which can drive salaries higher.

Real Estate Agent Salary in Memphis by Experience

In Memphis, an entry-level real estate agent earns around $25,800, while experienced professionals earn up to $94,600 per year. The local cost of living index is 86% of the national average.

Entry Level (0-2 yrs)

$25,800

$-4,200 vs national

Mid Level (3-7 yrs)

$47,300

$-7,700 vs national

Senior Level (8+ yrs)

$94,600

$-15,400 vs national

Percentile	Memphis	TN State	National
10th Percentile	$24,768	$25,632	$28,800
25th Percentile	$30,444	$31,506	$35,400
Median (50th)	$44,746	$46,307	$52,030
75th Percentile	$65,532	$67,818	$76,200
90th Percentile	$96,664	$100,036	$112,400

Percentile

Memphis

10th Percentile

$24,768

25th Percentile

$30,444

Median (50th)

$44,746

75th Percentile

$65,532

90th Percentile

$96,664

How to Become a Real Estate Agent in Memphis

Education

Most real estate agent positions require a high school diploma. Memphis and the surrounding Tennessee 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 Memphis may vary based on local industry and population growth.

Frequently Asked Questions: Real Estate Agent Salary in Memphis

How much does a Real Estate Agent make in Memphis, TN? ▼

The median real estate agent salary in Memphis, Tennessee is $44,746 per year, which is 14% below the national median of $52,030. Salaries range from $24,768 (10th percentile) to $96,664 (90th percentile).

How much does a Real Estate Agent make per hour in Memphis? ▼

Based on the median annual salary of $44,746, a real estate agent in Memphis earns approximately $22 per hour assuming a standard 2,080-hour work year.

How does Memphis compare to the Tennessee state average for real estate agent pay? ▼

Memphis's median real estate agent salary of $44,746 is 3.4% below the Tennessee state average of $46,307. The local cost of living index is 86% of the national average.

What is the cost of living in Memphis, TN? ▼

Memphis has a cost of living index of 86% compared to the national average. This means a real estate agent salary of $44,746 in Memphis has more purchasing power than the same salary in an average-cost city.

What qualifications do I need to become a real estate agent in Memphis? ▼

Most real estate agent positions in Memphis 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.

Real Estate Agent Salary in Memphis, Tennessee