These Are The 10 Best States For Real Estate Agents

We used the most recent data to determine the best states for Real Estate Agents to open up shop.

Chris Kolmarby Chris KolmarBest States For Professions, Rankings - 1 year ago




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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:

  1. Texas
  2. Colorado
  3. Wyoming
  4. North Carolina
  5. Oklahoma
  6. South Dakota
  7. Hawaii
  8. Pennsylvania
  9. Virginia
  10. Massachusetts

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.

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How we determined the best states to be a realtor

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:

  • Availability of jobs
  • Pay

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:

  • Location quotient. A measure of how common a job is a given state.
  • Average annual salary.
  • Average annual salary for entry level work.
  • Average annual salary for experienced professionals.

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.

1. Texas

Best States For Real Estate Agents

Source: Wikipedia

Total Jobs: 14,350
Average Annual Salary: $68,410
Average Entry Level Salary: $23,080
Average Experienced Salary: $132,980
Location Quotient: 1.13

2. Colorado

Best States For Real Estate Agents

Source: Wikipedia

Total Jobs: 3,660
Average Annual Salary: $76,590
Average Entry Level Salary: $24,980
Average Experienced Salary: $144,590
Location Quotient: 1.36

3. Wyoming

Best States For Real Estate Agents

Source: Wikipedia

Total Jobs: 210
Average Annual Salary: $72,660
Average Entry Level Salary: $27,230
Average Experienced Salary: $112,620
Location Quotient: 0.68

4. North Carolina

Best States For Real Estate Agents

Source: Wikipedia

Total Jobs: 5,160
Average Annual Salary: $59,860
Average Entry Level Salary: $25,020
Average Experienced Salary: $121,350
Location Quotient: 1.14

5. Oklahoma

Best States For Real Estate Agents

Source: Wikipedia

Total Jobs: 3,800
Average Annual Salary: $56,370
Average Entry Level Salary: $20,190
Average Experienced Salary: $100,900
Location Quotient: 2.16

6. South Dakota

Best States For Real Estate Agents

Source: Wikipedia

Total Jobs: 300
Average Annual Salary: $55,810
Average Entry Level Salary: $29,130
Average Experienced Salary: $89,040
Location Quotient: 0.65

7. Hawaii

Best States For Real Estate Agents

Source: Wikipedia

Total Jobs: 220
Average Annual Salary: $83,620
Average Entry Level Salary: $36,870
Average Experienced Salary: $169,670
Location Quotient: 0.32

8. Pennsylvania

Best States For Real Estate Agents

Source: Wikipedia

Total Jobs: 6,800
Average Annual Salary: $57,970
Average Entry Level Salary: $25,450
Average Experienced Salary: $96,970
Location Quotient: 1.08

9. Virginia

Best States For Real Estate Agents

Source: Wikipedia

Total Jobs: 6,090
Average Annual Salary: $62,240
Average Entry Level Salary: $24,580
Average Experienced Salary: $115,080
Location Quotient: 1.5

10. Massachusetts

Best States For Real Estate Agents

Source: Wikipedia

Total Jobs: 2,340
Average Annual Salary: $78,760
Average Entry Level Salary: $28,350
Average Experienced Salary: $157,620
Location Quotient: 0.63

There You Have It

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:

  1. Vermont
  2. New Hampshire
  3. Oregon

Detailed List Of The Best States For Real Estate Agents

Rank State Average Salary Entry Level Salary # Of People
1 Texas $68,410 $23,080 14,350
2 Colorado $76,590 $24,980 3,660
3 Wyoming $72,660 $27,230 210
4 North Carolina $59,860 $25,020 5,160
5 Oklahoma $56,370 $20,190 3,800
6 South Dakota $55,810 $29,130 300
7 Hawaii $83,620 $36,870 220
8 Pennsylvania $57,970 $25,450 6,800
9 Virginia $62,240 $24,580 6,090
10 Massachusetts $78,760 $28,350 2,340
11 Washington $53,640 $26,020 7,540
12 Alabama $61,130 $32,470 1,110
13 Nevada $61,850 $26,410 1,530
14 Missouri $53,360 $23,010 2,180
15 Kansas $64,850 $24,300 770
16 New Mexico $58,170 $22,020 860
17 North Dakota $51,140 $25,380 480
18 New York $100,090 $35,720 6,500
19 Florida $54,090 $19,950 20,360
20 Delaware $52,460 $27,200 610
21 Arizona $54,900 $20,830 2,790
22 Alaska $64,060 $29,400 200
23 Indiana $65,350 $17,770 1,760
24 California $62,330 $26,850 12,200
25 Utah $50,050 $18,730 2,310
26 Idaho $47,160 $17,370 820
27 Illinois $76,800 $22,950 5,070
28 South Carolina $43,410 $18,800 3,860
29 Minnesota $51,300 $23,290 1,900
30 Georgia $45,620 $18,930 9,410
31 New Jersey $59,610 $24,690 2,500
32 Montana $52,850 $18,890 320
33 Kentucky $39,100 $19,020 1,710
34 West Virginia $44,920 $17,790 270
35 Tennessee $43,080 $21,520 1,480
36 Nebraska $42,060 $25,100 600
37 Wisconsin $54,440 $19,930 900
38 Ohio $38,700 $19,850 5,910
39 Iowa $42,810 $19,680 1,140
40 Maryland $51,110 $19,570 2,730
41 Mississippi $38,140 $17,490 990
42 Louisiana $41,660 $21,700 1,140
43 Maine $43,850 $24,380 130
44 Michigan $42,760 $19,620 2,470
45 Arkansas $35,270 $17,640 1,170
46 Connecticut $50,070 $26,790 740
47 Rhode Island $46,310 $19,860 330
48 Oregon $42,050 $21,040 950
49 New Hampshire $43,150 $22,300 200
50 Vermont $0 $0 200

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