Real Estate Agent Hourly Pay in Greenwood, IN: $22.40 (2026)
Quick Answer:Hourly pay for a real estate agent working in Greenwood, IN runs $22.40 at the median for 2026 — annualizing to $46,596 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-9022). Weighted against Greenwood's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $24.54 nationally would. A 24-hour part-time schedule grosses $27,957 per year.
Based on BLS state-level estimates · View source
In Greenwood, Indiana, real estate agents can expect to earn a median hourly rate of $22.40, which is below the national median of $25.78. This pay structure impacts various work arrangements, including part-time roles and per-diem settings typical for agents. Working approximately three days a week, agents may find opportunities in brokerage offices, client property tours, showcase listings, and closing meetings at title companies. With an hourly range stretching from $14.21 for entry-level positions to $34.72 for those at the top of their game, it's essential for agents to understand that these rates are based on annual salary averages and reflect the commission-based nature of real estate work.
About the Greenwood Market
Salary estimated from Indiana average ($55,000) adjusted for local cost of living.
Real Estate Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $14.21 | $113.68 |
| Lower Range (P25) | $16.98 | $135.85 |
| Median (P50) | $22.40 | $179.21 |
| Upper Range (P75) | $28.67 | $229.39 |
| Top Earners (P90) | $34.72 | $277.79 |
Estimated Annual Income by Work Schedule in Greenwood
Based on $22.40/hr median hourly rate · 2026 est.
At $22.40/hr, a real estate agent working full-time (40 hr/wk) in Greenwood, IN can expect to earn approximately $46,594 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $26,881. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in Greenwood.
Hourly Rate Calculator
Schedule Comparison in Greenwood
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $896.04 | $3,883 | $46,594 |
| Part-Time (24 hrs) | $537.63 | $2,330 | $27,957 |
| Per Diem (16 hrs) | $358.42 | $1,553 | $18,638 |
Compare REA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Real Estate Agent (Greenwood) | $22.40 |
| 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 Greenwood, IN earn a median of $46,596 per year (2026 est.), which is 13.10% lower than the national median of $53,622 and 5.00% below the Indiana state average of $49,048.
Real Estate Agent Hourly Pay vs. Cost of Living
Working 24h/week at $22.40/hr = $27,957/year (purchasing power: $30,620).
Working 40h/week (full-time) = $46,594/year (purchasing power: $51,034).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$20.44/hr
2025 BLS Actual
$22.07/hr
2026 Current Est.
$22.40/hr
2019–2027 Growth
+11.2%
Hourly Rate Trajectory for Real Estate Agents in Greenwood (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $20.44/hr | Actual |
| 2020 | $20.49/hr | Actual |
| 2021 | $20.19/hr | Actual |
| 2022 | $20.88/hr | Actual |
| 2023 | $22.68/hr | Actual |
| 2024 | $23.40/hr | Actual |
| 2025 | $22.07/hr | Actual |
| 2026(current) | $22.40/hr | Estimated |
| 2027 | $22.74/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for real estate agents in Greenwood grew 8.0% from $20.44/hr (2019) to $22.07/hr (2025). At a 1.50% projected growth rate, hourly pay is expected to reach $22.74/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 Greenwood 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 Greenwood
When considering part-time hours, a real estate agent working 24 hours a week in Greenwood would earn about $27,795 annually, significantly less than a full-time colleague. This profession operates on a largely commission-based 1099 model, where hourly pay can be rare and varies dramatically depending on the agent's experience and their brokerage's structure. For instance, top agents can command hourly rates equivalent to $100-$300, while new agents might experience pay below minimum wage when factoring in unpaid prospecting time. Different employer types contribute to this disparity; national franchises such as Keller Williams and local independent brokerages offer varying benefits that can influence pay scales. Agents considering joining teams often encounter a salary model that includes base pay plus commission splits, while those seeking solo ventures might face longer paths to income stability. Understanding the trade-offs between higher hourly rates without benefits and lower rates with health insurance is critical for success in the Greenwood market.
More salary data for Greenwood, IN:
Frequently Asked Questions
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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 Greenwood. 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 Greenwood 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