Real Estate Agent Hourly Pay in Park Ridge, IL: $21.55 (2026)
Quick Answer:Hourly pay for a real estate agent working in Park Ridge, IL runs $21.55 at the median for 2026 — annualizing to $44,824 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Park Ridge's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $22.19 nationally would. A 24-hour part-time schedule grosses $26,892 per year.
Based on BLS state-level estimates · View source
In Park Ridge, real estate agent hourly pay stands at a median of $21.55 per hour. This figure is notably lower than the national hourly median of $25.78. For agents who may work part-time, such as those taking on listings or showings three days a week, this translates into an annual income of around $26,186, which is significantly lower than what full-time agents earn. The hourly rate for real estate agents can fluctuate widely, with the lowest earners making about $14.52 per hour and the top-tier professionals reaching as high as $33.40 per hour. These numbers reflect a commission-based nature of the profession, which is common in settings such as brokerage offices, property tours, and remote work environments frequently utilized by agents in Park Ridge, IL.
About the Park Ridge Market
Salary estimated from Illinois average ($68,000) adjusted for local cost of living.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $14.52 | $116.20 |
| Lower Range (P25) | $16.91 | $135.28 |
| Median (P50) | $21.55 | $172.39 |
| Upper Range (P75) | $27.59 | $220.70 |
| Top Earners (P90) | $33.40 | $267.23 |
Estimated Annual Income by Work Schedule in Park Ridge
Based on $21.55/hr median hourly rate · 2026 est.
At $21.55/hr, a real estate agent working full-time (40 hr/wk) in Park Ridge, IL can expect to earn approximately $44,821 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $25,858. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Park Ridge.
Hourly Rate Calculator
Schedule Comparison in Park Ridge
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $861.94 | $3,735 | $44,821 |
| Part-Time (24 hrs) | $517.16 | $2,241 | $26,892 |
| Per Diem (16 hrs) | $344.78 | $1,494 | $17,928 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Park Ridge) | $21.55 |
| Real Estate Broker (National Avg) | $42.96 |
| Insurance Sales Agent (National Avg) | $29.02 |
| Property / Real Estate Manager (National Avg) | $33.79 |
| Appraiser / Assessor of Real Estate (National Avg) | $37.18 |
Real Estate Agents in Park Ridge, IL earn a median of $44,824 per year (2026 est.), which is 16.41% lower than the national median of $53,622 and 3.80% below the Illinois state average of $46,595.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $21.55/hr = $26,892/year (purchasing power: $27,696).
Working 40h/week (full-time) = $44,821/year (purchasing power: $46,159).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$19.66/hr
2025 BLS Actual
$21.23/hr
2026 Current Est.
$21.55/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in Park Ridge (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $19.66/hr | Actual |
| 2020 | $19.71/hr | Actual |
| 2021 | $19.43/hr | Actual |
| 2022 | $20.08/hr | Actual |
| 2023 | $21.82/hr | Actual |
| 2024 | $30.52/hr | Actual |
| 2025 | $21.23/hr | Actual |
| 2026(current) | $21.55/hr | Estimated |
| 2027 | $21.87/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Park Ridge grew 8.0% from $19.66/hr (2019) to $21.23/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $21.87/hr by 2027. Part-time and per-diem real estate agents can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Park Ridge metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 1.50% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Real Estate Agent in Park Ridge
Evaluating earning potential for part-time real estate agents reveals significant differences compared to full-time practitioners. While an agent working part-time may take home approximately $26,186 annually, full-time agents have the opportunity to earn much more, especially as they gain experience and commission from sales. Most real estate agents operate as independent contractors on 1099 forms, meaning compensation largely depends on individual drive and market dynamics. In Park Ridge, per diem real estate agent pay is less common, largely due to the commission-driven model, but top performers can still command rates of $100-$300 per hour depending on their expertise and negotiation skills. Hourly compensation varies considerably based on factors such as the type of brokerage the agent works for, whether a national franchise or a local independent firm. Agents working for luxury brokers or those involved in commercial real estate may see different pay scales altogether. Furthermore, many real estate agents have to weigh the pros and cons of accepting lower hourly rates that come with benefits versus pursuing higher rates without those advantages, making the compensation conversation unique in every scenario.
More salary data for Park Ridge, IL:
Frequently Asked Questions
What is the hourly rate for real estate agents in Park Ridge in 2026?
How much do part-time real estate agents make in Park Ridge?
Are real estate agents in Park Ridge paid hourly or salary?
How much does a full-time real estate agent make per year in Park Ridge?
Do real estate agents earn more per hour working part-time in Park Ridge?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Illinois
Written by Maria Gonzalez, REALTOR®
Career Analyst
Maria has 10 years of experience as a real estate agent. She specializes in residential properties. She works with a large brokerage in Texas.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 1.50% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for real estate agents in Park Ridge. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Park Ridge is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 1.50%, derived from historical BLS wage trends for real estate agents (SOC 41-9022).
Compiled and verified by Maria Gonzalez, REALTOR®, a licensed real estate agent with 10+ years of clinical experience. · View source data at BLS.gov