Business & Finance Memphis, TN Pop. 633,104

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

Nashville, TN
$52,030
Pop. 689,447
Murfreesboro, TN
$47,868
Pop. 152,769
Knoxville, TN
$45,786
Pop. 190,740
Chattanooga, TN
$45,786
Pop. 181,099

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.

Find Real Estate Agent Jobs in Memphis

Browse open real estate agent positions in Memphis, TN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

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.