Real Estate Agent Salary in Richmond, KY: $47,149 (2026)
Quick Answer:A full-time real estate agent in Richmond, KY earns a median $47,149/year (≈ $22.66/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Richmond's price level (11% below national, BEA RPP 89.3), that paycheck buys what $52,798 would nationally. Nominal pay sits 1.5% below the Kentucky state average.
Based on BLS state-level estimates · View source
Richmond, Kentucky, presents a compelling landscape for real estate agents, with a projected median annual salary of $47,149 in 2026. The local salary range spans from $29,542 at the 10th percentile to $73,081 at the 90th percentile, reflecting a market influenced by both transaction volume and the average sale price of properties. The BLS state-level data highlights these figures, adjusted for regional cost considerations, indicating that while agent earnings in Richmond are below the national average, the unique local market dynamics offer opportunities for strategic compensation adjustments.
About the Richmond Market
Salary estimated from Kentucky average ($52,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $29,542 | $14.20 |
| Lower Range (P25) | $35,485 | $17.06 |
| Median (P50)(typical) | $47,149 | $22.66 |
| Upper Range (P75) | $60,351 | $29.02 |
| Top Earners (P90) | $73,081 | $35.14 |
Median Salary Position
12.07% below the national average
2026 Salary Percentile Distribution in Richmond
In Richmond, KY, the real estate agent salary spread from the 10th to 90th percentile is $43,539 (2026 est.). At $47,149, the local median is 12.07% 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: $47,149/year (2026)
| Compared To | Median Salary | Richmond Pays |
|---|---|---|
| Kentucky Average | $47,867 | -1.50% less |
| National Average | $53,622 | -12.07% less |
Real Estate Agents in Richmond, KY earn a median of $47,149 per year (2026 est.), which is 12.07% lower than the national median of $53,622 and 1.50% below the Kentucky state average of $47,867.
Cost-of-Living Adjusted Salary
Richmond has a cost of living 10.70% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Richmond, KY has a cost-of-living index of 89.3 (below the national average of 100). A real estate agent earning $47,149 nominally has purchasing power equivalent to $52,798 in an average-cost city — an effective 11.98% boost.
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2019 BLS Actual
$43,023
2025 BLS Actual
$46,452
2026 Current Est.
$47,149
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 | $43,023 | Actual |
| 2020 | $43,120 | Actual |
| 2021 | $42,504 | Actual |
| 2022 | $43,946 | Actual |
| 2023 | $47,745 | Actual |
| 2024 | $45,722 | Actual |
| 2025 | $46,452 | Actual |
| 2026(current) | $47,149 | Estimated |
| 2027 | $47,856 | Projected |
Based on 7 years of BLS OEWS data for the Richmond metropolitan area, the median real estate agent salary grew 8.0% from $43,023 (2019) to $46,452 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $47,856 by 2027 — a total increase of $4,833 (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) | $29,542 – $35,485 |
| 3-5 years (Mid Career) | $35,485 – $47,149 |
| 5+ years (Experienced) | $47,149 – $60,351 |
| 10+ years (Top Earner) | $60,351 – $73,081 |
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
With only five real estate agents currently employed in Richmond, the market exhibits a relatively tight competitive field. The city’s cost of living index stands at 89.3, suggesting a favorable environment for purchasing power despite lower salary levels than the national average. Agents affiliated with established national brokerages like Keller Williams or RE/MAX often command higher commissions compared to independent firms. The variance in income primarily arises from factors such as commission splits with brokerages, transaction volumes, and the agent's area of specialization. In this shifting landscape, agents can enhance their earnings by focusing on high-value properties or luxury sales, particularly in light of the changes following the 2024 NAR commission settlement, which could reshape how commissions are structured. Those looking to maximize their pay should consider joining successful teams or leveraging referral networks, as the majority of top commission earners in the industry are found within the top 20%.
More salary data for Richmond, KY:
Frequently Asked Questions
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Related Pages
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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 $46,452 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