Business & Finance Memphis, TN
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Real Estate Agent Salary in Memphis, Tennessee
The median real estate agent salary in Memphis, TN is $44,746 per year, which is 14% below the national median and 3.4% below the Tennessee state average.
City Median
$44,746
vs State Avg
$-1,561
vs National
$-7,284
Cost of Living
86%
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
Salary Percentiles in Memphis, TN
| Percentile | Memphis |
|---|---|
| 10th Percentile | $24,768 |
| 25th Percentile | $30,444 |
| Median (50th) | $44,746 |
| 75th Percentile | $65,532 |
| 90th Percentile | $96,664 |
Real Estate Agent Salary in Other Tennessee Cities
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.