We used the most recent data to determine the best states for Real Estate Agents to open up shop.
Real Estate Agents are one of the most common jobs in America. Additionally, a significant number of people work as real estate agents in every state in the union — it’s not like they are all just concentrated in California or the South.
Since real estate agents are such a prominent occupation, we at Zippia wanted to look at where real estate agents have it the best: where there are plenty of jobs to go around, and people get paid what they deserve during every phase of their career.
To that end, we dove into the numbers from the BLS to figure out which states have the best opportunities for real estate agents. After all the numbers had been crunched, we were left with this list of the best of best for America’s real estate agents:
So there you have it — Texas is the best of the best when it comes to being a real estate agents.
How did it end up here and does it really deserve this ranking? Read on to see how we completed our research on the best states for real estate agents and for more on the top ten states.
Here at Zippia, we talk to a lot of people of all different backgrounds looking for jobs. Our research has concluded that there are two common things people want in a job:
So in order to find out the best states for real estate agents in America we needed to figure out where the jobs are and how well real estate agents get paid. This led to the following criteria taken from the Bureau of Labor Statistics’s Occupational Employment Statistics for 2015:
To make all the salary numbers more apples to apples across states, we compared the salary data relative to the state’s cost of living from MIT’s living wage index.
Applying this standardization allows us to account for that fact that it costs more to live in certain in states. For example, the average salary for real estate agents in California is $62,330 and the average salary in Illinois is $76,800, but the Illinois salary actually goes further in paying for life’s essentials.
In order to develop and overall ranking, we ranked each state for each criteria from 1 to 50 where 1 was the best.
We then averaged all the rankings for a state into a Job Score with the state having the lowest overall Job Score earning the distinction of being the best state for real estate agents in America.
So without further ado, let’s get into just what made each state so great for real estate agents.
Total Jobs: 14,350
Average Annual Salary: $68,410
Average Entry Level Salary: $23,080
Average Experienced Salary: $132,980
Location Quotient: 1.13
Total Jobs: 3,660
Average Annual Salary: $76,590
Average Entry Level Salary: $24,980
Average Experienced Salary: $144,590
Location Quotient: 1.36
Total Jobs: 210
Average Annual Salary: $72,660
Average Entry Level Salary: $27,230
Average Experienced Salary: $112,620
Location Quotient: 0.68
Total Jobs: 5,160
Average Annual Salary: $59,860
Average Entry Level Salary: $25,020
Average Experienced Salary: $121,350
Location Quotient: 1.14
Total Jobs: 3,800
Average Annual Salary: $56,370
Average Entry Level Salary: $20,190
Average Experienced Salary: $100,900
Location Quotient: 2.16
Total Jobs: 300
Average Annual Salary: $55,810
Average Entry Level Salary: $29,130
Average Experienced Salary: $89,040
Location Quotient: 0.65
Total Jobs: 220
Average Annual Salary: $83,620
Average Entry Level Salary: $36,870
Average Experienced Salary: $169,670
Location Quotient: 0.32
Total Jobs: 6,800
Average Annual Salary: $57,970
Average Entry Level Salary: $25,450
Average Experienced Salary: $96,970
Location Quotient: 1.08
Total Jobs: 6,090
Average Annual Salary: $62,240
Average Entry Level Salary: $24,580
Average Experienced Salary: $115,080
Location Quotient: 1.5
Total Jobs: 2,340
Average Annual Salary: $78,760
Average Entry Level Salary: $28,350
Average Experienced Salary: $157,620
Location Quotient: 0.63
If you’re looking to start out your career as a realtor these are the states that should be at the top of your list. You’ll find high pay, available jobs, and chances for career advancement.
If you’re curious, here are the worst states to be a realtor in America:
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You can access millions of others' career paths with the Career Graph to help you identify what skills and experiences you need to achieve your career goals. And when you're ready to take the next step in your career, you can research jobs and really understand the implications for your career aspirations.