Business & Finance Richmond, VA Pop. 226,610

Real Estate Agent Salary in Richmond, Virginia

The median real estate agent salary in Richmond, VA is $54,632 per year, which is 5.0% above the national median and 3.7% below the Virginia state average.

City Median
$54,632
vs State Avg
$-2,081
vs National
+$2,602
Cost of Living
100%

Real Estate Agent Salary in Richmond by Experience

In Richmond, an entry-level real estate agent earns around $31,500, while experienced professionals earn up to $115,500 per year. The local cost of living index is 100% of the national average.

Entry Level (0-2 yrs)
$31,500
+$1,500 vs national
Mid Level (3-7 yrs)
$57,750
+$2,750 vs national
Senior Level (8+ yrs)
$115,500
+$5,500 vs national

Salary Percentiles in Richmond, VA

Percentile Richmond
10th Percentile $30,240
25th Percentile $37,170
Median (50th) $54,632
75th Percentile $80,010
90th Percentile $118,020

Real Estate Agent Salary in Other Virginia Cities

Arlington, VA
$71,281
Pop. 238,643
Virginia Beach, VA
$55,672
Pop. 449,974
Chesapeake, VA
$53,591
Pop. 249,422
Norfolk, VA
$52,550
Pop. 238,005

How to Become a Real Estate Agent in Richmond

Education

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