How much does a Real Estate Agent make in Minnesota?

BLS reports a median annual wage of $47,650 for Real Estate Agents in Minnesota as of the latest OES release. That is the 50th-percentile figure — half earn more, half earn less. The 25th-percentile is $39,220 and the 75th-percentile is $92,540.

What is the real (cost-adjusted) Real Estate Agent salary in Minnesota?

After BEA RPP adjustment (regional price parity index 98.3 for Minnesota), the real-wage equivalent is $48,473 — what the $47,650 nominal salary actually buys. Quartiles in real terms: $39,897 to $94,138.

Why is the BEA RPP for Minnesota different from a single CPI number?

BEA splits regional price parity into three components — goods, services, and rents — reweighted to the BEA's national consumption basket. Minnesota's overall index of 98.3 reflects rents 90.7, services 89.4, and goods 102.1.

Where does Minnesota rank for Real Estate Agent pay?

On nominal BLS wages alone, Minnesota ranks among the 51 states and DC by median pay. After the BEA cost-of-living adjustment the ordering changes — high-cost states fall, low-cost states rise. Both rankings are shown in the data table on this page.

Is Minnesota a 'real-wage arbitrage' state for Real Estate Agents?

No — Minnesota's RPP is close to the national 100 baseline, so nominal and real wages move roughly together. Neither an arbitrage nor a penalty state.

What are the limits of these Real Estate Agent salary numbers?

BLS OES is an employer survey of W-2 wages — it excludes contractor pay, bonuses outside the base wage definition, equity compensation, and tip income. Self-employed practitioners and gig workers are not represented. For occupations with significant non-W-2 income, the BLS figure is a floor, not a complete picture.

Should I negotiate based on the BLS median for Minnesota?

The BLS median is a calibration anchor, not a ceiling. Use it to validate that an offer is in-band — anything well below the P25 in this state is a flag, anything above the P75 typically requires demonstrable specialty depth, niche credentials, or a high-COL metro within Minnesota.

Minnesota Real Estate Agent Salary: BLS $48K Median, Real $48K (2026)

TL;DR

Median Real Estate Agent salary in Minnesota: $47,650 nominal, $48,473 real (BEA RPP basis).
P25-P75 spread runs $39,220 to $92,540; P10 floor $36,030, P90 ceiling $138,310.
Cost adjustment is small — neither an arbitrage state nor a high-cost penalty.
Real Estate Agent ranking: #37 on the BLS table, #35 once cost of living is in.

Wage breakdown — Minnesota

Percentile	Nominal (BLS)	Real (BEA RPP-adjusted)
P10 (entry tier)	$36,030	$36,652
P25 (lower quartile)	$39,220	$39,897
P50 (median)	$47,650	$48,473
P75 (upper quartile)	$92,540	$94,138
P90 (top tier)	$138,310	$140,699
Mean	$70,080	$71,291
Employment	2,480 Real Estate Agents in Minnesota

Cost of living — BEA Regional Price Parity

Component	Minnesota index (US = 100)
All-items RPP	98.3
Goods	102.1
Services	89.4
Rents	90.7

Minnesota's overall RPP (98.3) is close to the national 100 baseline; nominal and real wage move roughly together.

After-tax take-home — Minnesota (2024 BLS · 2024 tax year, single filer)

Layer-by-layer take-home math at the BLS median

Layer	Amount	Note
Gross BLS P50 (Real Estate Agent)	$47,650	nominal median
Federal income tax	−$3,580	7.5% effective; std deduction $15,750 applied
State income tax	−$1,790	5.35–9.85% (graduated)
FICA (SS 6.2% + Medicare 1.45%)	−$3,645	SS capped at $183,600 wage base
Take-home (after-tax)	$38,635	81.1% of gross
Real take-home (RPP-adjusted)	$39,303	÷ (98.3 / 100) BEA cost-of-living

What the Minnesota state-tax burden means for Real Estate Agent take-home

Mid-band state-tax burden at 3.8% effective. Combined with federal and FICA, take-home is $38,635 (81.1% of gross). After the 98.3 RPP, real take-home is $39,303.

Computed from 2026 IRS federal brackets (Rev. Proc. 2025-32), 2026 state DOR brackets, and 2026 FICA rates. Single filer, standard deduction, no other adjustments. See methodology · tax for limitations (married filers, ITM/SALT itemizers, retirement deferrals, HSA, dependent credits, etc.).

National context

Across the United States, BLS reports a national median of $56,320 for Real Estate Agents with mean pay of $70,970 and total employment of 190,600. Minnesota sits at #37 on nominal pay and #35 on real (cost-adjusted) pay among the 51 states and DC. After cost adjustment, Minnesota climbs 2 positions — the cost of living is favorable relative to the wage.

Frequently asked questions

How much does a Real Estate Agent make in Minnesota?: BLS reports a median annual wage of $47,650 for Real Estate Agents in Minnesota as of the latest OES release. That is the 50th-percentile figure — half earn more, half earn less. The 25th-percentile is $39,220 and the 75th-percentile is $92,540.
What is the real (cost-adjusted) Real Estate Agent salary in Minnesota?: After BEA RPP adjustment (regional price parity index 98.3 for Minnesota), the real-wage equivalent is $48,473 — what the $47,650 nominal salary actually buys. Quartiles in real terms: $39,897 to $94,138.
Why is the BEA RPP for Minnesota different from a single CPI number?: BEA splits regional price parity into three components — goods, services, and rents — reweighted to the BEA's national consumption basket. Minnesota's overall index of 98.3 reflects rents 90.7, services 89.4, and goods 102.1.
Where does Minnesota rank for Real Estate Agent pay?: On nominal BLS wages alone, Minnesota ranks among the 51 states and DC by median pay. After the BEA cost-of-living adjustment the ordering changes — high-cost states fall, low-cost states rise. Both rankings are shown in the data table on this page.
Is Minnesota a 'real-wage arbitrage' state for Real Estate Agents?: No — Minnesota's RPP is close to the national 100 baseline, so nominal and real wages move roughly together. Neither an arbitrage nor a penalty state.
What are the limits of these Real Estate Agent salary numbers?: BLS OES is an employer survey of W-2 wages — it excludes contractor pay, bonuses outside the base wage definition, equity compensation, and tip income. Self-employed practitioners and gig workers are not represented. For occupations with significant non-W-2 income, the BLS figure is a floor, not a complete picture.
Should I negotiate based on the BLS median for Minnesota?: The BLS median is a calibration anchor, not a ceiling. Use it to validate that an offer is in-band — anything well below the P25 in this state is a flag, anything above the P75 typically requires demonstrable specialty depth, niche credentials, or a high-COL metro within Minnesota.

Sources & methodology

U.S. Bureau of Labor Statistics — Occupational Employment and Wage Statistics (OES), SOC 41-9022, 2024 reference period.
U.S. Bureau of Economic Analysis — Regional Price Parities, 2023 vintage (all-items, goods, services, rents).
Real-wage figures = nominal BLS wage ÷ (state RPP / 100).
See the methodology page for full computation details and limitations.

By Marcus Liang · Founder & Editor · Last synced 2026-05-08.

Cross-comparison: see how Minnesota Real Estate Agent pay ranks against the other 254 state × occupation pages on the Real Wage Atlas → — four-way ranking by real wage, after-tax take-home, state-tax savings, and cost-of-living arbitrage.