Real Estate Agent Salary in Richmond, IN: $47,727 (2026)
Quick Answer:A full-time real estate agent in Richmond, IN earns a median $47,727/year (≈ $22.95/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Richmond's price level (9% below national, BEA RPP 91.3), that paycheck buys what $52,275 would nationally. Nominal pay sits 2.7% below the Indiana state average.
Based on BLS state-level estimates · View source
Real estate agents in Richmond, Indiana, can anticipate median annual earnings of $47,727 in 2026, a figure that is notably lower than the national median of $53,622. The projected salary range for agents here spans from $28,971 at the 10th percentile to $73,977 at the 90th percentile. These estimates account for local market conditions and regional cost adjustments derived from 2025 BLS data. Depending on their structural choice, agents may find different compensation levels: those affiliated with established national franchises might earn higher salaries on average due to better brand recognition and support, while independent agents or those in team settings may experience varying financial outcomes based on commission splits and transaction volume.
About the Richmond Market
Salary estimated from Indiana average ($55,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $28,971 | $13.93 |
| Lower Range (P25) | $38,140 | $18.34 |
| Median (P50)(typical) | $47,727 | $22.95 |
| Upper Range (P75) | $61,091 | $29.37 |
| Top Earners (P90) | $73,977 | $35.57 |
Median Salary Position
10.99% below the national average
2026 Salary Percentile Distribution in Richmond
In Richmond, IN, the real estate agent salary spread from the 10th to 90th percentile is $45,006 (2026 est.). At $47,727, the local median is 10.99% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Richmond: You'd be in the lower-middle range
How Richmond Real Estate Agent Pay Compares
Richmond median: $47,727/year (2026)
| Compared To | Median Salary | Richmond Pays |
|---|---|---|
| Indiana Average | $49,052 | -2.70% less |
| National Average | $53,622 | -10.99% less |
Real Estate Agents in Richmond, IN earn a median of $47,727 per year (2026 est.), which is 10.99% lower than the national median of $53,622 and 2.70% below the Indiana state average of $49,052.
Cost-of-Living Adjusted Salary
Richmond has a cost of living 8.70% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Richmond, IN has a cost-of-living index of 91.3 (below the national average of 100). A real estate agent earning $47,727 nominally has purchasing power equivalent to $52,275 in an average-cost city — an effective 9.53% boost.
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2019 BLS Actual
$43,551
2025 BLS Actual
$47,022
2026 Current Est.
$47,727
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Richmond (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $43,551 | Actual |
| 2020 | $43,649 | Actual |
| 2021 | $43,026 | Actual |
| 2022 | $44,485 | Actual |
| 2023 | $48,330 | Actual |
| 2024 | $48,866 | Actual |
| 2025 | $47,022 | Actual |
| 2026(current) | $47,727 | Estimated |
| 2027 | $48,443 | Projected |
Based on 7 years of BLS OEWS data for the Richmond metropolitan area, the median real estate agent salary grew 8.0% from $43,551 (2019) to $47,022 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $48,443 by 2027 — a total increase of $4,892 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Richmond 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $28,971 – $38,140 |
| 3-5 years (Mid Career) | $38,140 – $47,727 |
| 5+ years (Experienced) | $47,727 – $61,091 |
| 10+ years (Top Earner) | $61,091 – $73,977 |
REA salary ranges estimated from BLS percentile data. Individual real estate agent compensation varies by employer, certifications, and specialization.
Real Estate Agent Job Market in Richmond
In Richmond's relatively modest real estate market, only seven agents are currently employed, indicating a compact community where job opportunities may be limited. The cost of living in the area is reflected in a cost-of-living index of 91.3, suggesting that while the salaries are lower than the national average, they may afford a reasonable purchasing power for local residents. Those seeking higher pay might consider aligning with high-performing brokerage teams in local franchise networks like Keller Williams or RE/MAX, both known for strong support and robust commission structures. As the market evolves post-2024, with brokers adapting to new commission structures, agents should focus on increasing their transaction volume and enhancing their referral networks. Strategically selecting a niche, whether it’s luxury properties or commercial real estate—which typically commands higher commissions—can also help agents increase their earnings potential in Richmond, IN.
More salary data for Richmond, 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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $47,022 for real estate agentsin the Richmond metropolitan area. A 1.50% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Richmond 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