Real Estate Agent Salary in Memphis
2026 compensation data for Real Estate Agent positions in Memphis, TN. Ranges from $31,000 (entry-level) to $141,000 (senior). Median: $63,000.
Median (Mid)
$63,000
$30.29/hr
vs National
+11%
US: $57,000
COL Index
88
vs US avg = 100
Senior Max
$141,000
Top of band
Salary Ranges by Experience Level
Detailed Compensation Breakdown
| Level | Annual Min | Annual Median | Annual Max | Hourly (Median) |
|---|---|---|---|---|
| Entry-Level (0–2 yrs) | $31,000 | $39,000 | $48,000 | $18.75/hr |
| Mid-Level (3–5 yrs) | $48,000 | $63,000 | $79,000 | $30.29/hr |
| Senior (6+ yrs) | $79,000 | $107,000 | $141,000 | $51.44/hr |
What Your Salary Is Really Worth in Memphis
A mid-level real estate agent earning $63,000 in Memphis has the same buying power as $72,000 in an average US city, after adjusting for the local cost of living (COL index 88).
Cost of living comparisons use a base of 100 (US national average). Higher index = higher housing, transport, and consumer prices.
About Real Estate Agent Salaries in Memphis
The median real estate agent salary in Memphis, TN is $63,000 for mid-level professionals, which is 11% above the national median. With a cost of living index of 88 (national average = 100), Memphis offers an affordable cost of living, making these salaries stretch further.
Entry-level real estate agents in Memphis can expect to earn between $31,000 and $48,000 (about $18.75/hour), while senior professionals with 6+ years of experience earn up to $141,000 ($141K annually, or about $67.79/hour).
These figures represent base salary only and do not include bonuses, equity, or benefits, which can add 20–50% to total compensation — especially at technology companies and in competitive markets like Memphis.
Frequently Asked Questions: Real Estate Agent Salary in Memphis
What is the average Real Estate Agent salary in Memphis?+
The average Real Estate Agent salary in Memphis is $63,000 for a mid-level professional (3–5 years of experience). Entry-level pay starts around $39,000 and senior-level pay reaches $107,000.
How much does an entry-level real estate agent make in Memphis?+
Entry-level real estate agents in Memphis earn between $31,000 and $48,000, with a median of $39,000 per year (about $18.75/hour).
What is the hourly rate for a Real Estate Agent in Memphis?+
Based on a 2,080-hour work year, a Real Estate Agent in Memphis earns roughly $18.75/hour at entry-level, $30.29/hour at mid-level, and $51.44/hour at senior-level.
Is the Real Estate Agent salary in Memphis higher than the US average?+
Yes — Real Estate Agent salaries in Memphis are about 11% higher than the US national median of $57,000.
Does this include bonuses or equity?+
No — these figures are base salary only. Total compensation (base + bonus + equity + benefits) is typically 20–50% higher, and can be 2–3x at top technology and finance employers.
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