Real Estate Agent Salary in Andover, MA: $87,839 (2026)
Quick Answer:A full-time real estate agent in Andover, MA earns a median $87,839/year (≈ $42.23/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Andover's price level (9% above national, BEA RPP 108.5), that paycheck buys what $80,958 would nationally. Nominal pay sits 5.3% below the Massachusetts state average.
Based on BLS state-level estimates · View source
In 2026, real estate agents in Andover, Massachusetts are projected to earn a median annual salary of $87,839, significantly surpassing the national median of $53,622 by 63.81%. The salary range indicates substantial variance, with compensation falling between $57,006 at the lower end (P10) and reaching up to $136,151 for those in the top tier (P90). These figures, derived from 2025 BLS data and adjusted for local economic factors, reflect the vibrant real estate market in Andover. A thriving community, characterized by steady transaction volumes and higher-than-average property values, drives effective hourly compensation in this unique market. Agents here benefit from a competitive work environment that often results in heightened earnings potential.
About the Andover Market
Salary estimated from Massachusetts average ($88,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $57,006 | $27.40 |
| Lower Range (P25) | $67,291 | $32.35 |
| Median (P50)(typical) | $87,839 | $42.23 |
| Upper Range (P75) | $112,434 | $54.06 |
| Top Earners (P90) | $136,151 | $65.46 |
Median Salary Position
63.81% above the national average
2026 Salary Percentile Distribution in Andover
In Andover, MA, the real estate agent salary spread from the 10th to 90th percentile is $79,145 (2026 est.). At $87,839, the local median is 63.81% above the national median of $53,622.
Salary Calculator
At 40 hours/week in Andover: You'd be in the lower-middle range
How Andover Real Estate Agent Pay Compares
Andover median: $87,839/year (2026)
| Compared To | Median Salary | Andover Pays |
|---|---|---|
| Massachusetts Average | $92,755 | -5.30% less |
| National Average | $53,622 | +63.81% more |
Real Estate Agents in Andover, MA earn a median of $87,839 per year (2026 est.), which is 63.81% higher than the national median of $53,622 and 5.30% below the Massachusetts state average of $92,755.
Cost-of-Living Adjusted Salary
Andover has a cost of living 8.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Andover, MA has a cost-of-living index of 108.5 (above the national average of 100). While the nominal salary of $87,839 is competitive, the higher cost of living reduces purchasing power to an effective $80,958 — a 7.83% reduction.
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2019 BLS Actual
$80,152
2025 BLS Actual
$86,541
2026 Current Est.
$87,839
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Andover (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $80,152 | Actual |
| 2020 | $80,333 | Actual |
| 2021 | $79,186 | Actual |
| 2022 | $81,872 | Actual |
| 2023 | $88,949 | Actual |
| 2024 | $90,404 | Actual |
| 2025 | $86,541 | Actual |
| 2026(current) | $87,839 | Estimated |
| 2027 | $89,157 | Projected |
Based on 7 years of BLS OEWS data for the Andover metropolitan area, the median real estate agent salary grew 8.0% from $80,152 (2019) to $86,541 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $89,157 by 2027 — a total increase of $9,005 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Andover 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) | $57,006 – $67,291 |
| 3-5 years (Mid Career) | $67,291 – $87,839 |
| 5+ years (Experienced) | $87,839 – $112,434 |
| 10+ years (Top Earner) | $112,434 – $136,151 |
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 Andover
Five real estate agents are currently employed in Andover, which may seem limited, but this can indicate a focused and potentially lucrative job market. The cost of living index stands at 108.5, indicating that while living expenses are above the national average, this dynamic allows agents to negotiate higher pay for their services. Among local employers, national franchise brokerages like Keller Williams and Coldwell Banker tend to offer more competitive salaries, particularly for agents specializing in luxury listings or commercial properties. The variance in pay can largely be attributed to factors such as transaction volume, commission structures, and team memberships—one must be strategic about how they align themselves within the market, especially in light of the post-2024 changes to commission structures. For maximizing income, agents in Andover should focus on building a robust referral network and considering their commission arrangement carefully, as achieving success in this evolving landscape requires a nuanced understanding of client demographics and market demands.
More salary data for Andover, MA:
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 $86,541 for real estate agentsin the Andover 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 Andover 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