Real Estate Agent Salary in Bloomington, MN: $46,272 (2026)
Quick Answer:A full-time real estate agent in Bloomington, MN earns a median $46,272/year (≈ $22.25/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Bloomington's price level (1% below national, BEA RPP 98.5), that paycheck buys what $46,977 would nationally. Nominal pay sits 1.9% above the Minnesota state average.
Based on BLS state-level estimates · View source
Real estate agent salaries in Bloomington, MN are projected to average $46,272 in 2026, reflecting the impact of the post-2024 NAR commission structure changes which have shifted how agents earn their pay. The local salary range extends from $29,538 at the 10th percentile to $71,721 at the 90th percentile, illustrating a significant disparity in earnings based on experience, expertise, and business strategy. These projections are grounded in local estimates derived from BLS state-level data and adjusted for regional cost metrics. Given the nuances of the Bloomington market, agents must adapt to new compensation landscapes while capitalizing on local opportunities.
About the Bloomington Market
Salary estimated from Minnesota average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $29,538 | $14.20 |
| Lower Range (P25) | $34,241 | $16.46 |
| Median (P50)(typical) | $46,272 | $22.25 |
| Upper Range (P75) | $59,228 | $28.47 |
| Top Earners (P90) | $71,721 | $34.48 |
Median Salary Position
13.71% below the national average
2026 Salary Percentile Distribution in Bloomington
In Bloomington, MN, the real estate agent salary spread from the 10th to 90th percentile is $42,183 (2026 est.). At $46,272, the local median is 13.71% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Bloomington: You'd be in the lower-middle range
How Bloomington Real Estate Agent Pay Compares
Bloomington median: $46,272/year (2026)
| Compared To | Median Salary | Bloomington Pays |
|---|---|---|
| Minnesota Average | $45,409 | +1.90% more |
| National Average | $53,622 | -13.71% less |
Real Estate Agents in Bloomington, MN earn a median of $46,272 per year (2026 est.), which is 13.71% lower than the national median of $53,622 and 1.90% above the Minnesota state average of $45,409.
Cost-of-Living Adjusted Salary
Bloomington has a cost of living 1.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Bloomington, MN has a cost-of-living index of 98.5 (below the national average of 100). A real estate agent earning $46,272 nominally has purchasing power equivalent to $46,977 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$42,223
2025 BLS Actual
$45,588
2026 Current Est.
$46,272
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Bloomington (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $42,223 | Actual |
| 2020 | $42,318 | Actual |
| 2021 | $41,713 | Actual |
| 2022 | $43,129 | Actual |
| 2023 | $46,856 | Actual |
| 2024 | $65,135 | Actual |
| 2025 | $45,588 | Actual |
| 2026(current) | $46,272 | Estimated |
| 2027 | $46,966 | Projected |
Based on 7 years of BLS OEWS data for the Bloomington metropolitan area, the median real estate agent salary grew 8.0% from $42,223 (2019) to $45,588 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $46,966 by 2027 — a total increase of $4,743 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Bloomington 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) | $29,538 – $34,241 |
| 3-5 years (Mid Career) | $34,241 – $46,272 |
| 5+ years (Experienced) | $46,272 – $59,228 |
| 10+ years (Top Earner) | $59,228 – $71,721 |
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 Bloomington
Currently, 18 real estate agents are employed in Bloomington, highlighting a compact but potentially competitive job market where growth is anticipated at a rate of 1.50% annually. The cost of living index of 98.5 indicates that housing and general expenses are slightly more affordable compared to national averages, thus impacting real estate agent pay potential in Bloomington MN. National franchise brokerages tend to offer the highest salaries, particularly in property sectors where commission structures are favorable, such as luxury real estate and team-based operations. The wide salary range can be attributed to various factors, including transaction volume, average sale price, and the agent's affiliation with a brokerage. Agents aiming to maximize their take-home pay should focus on building solid referral networks and considering specialty niches within the market to enhance their earnings.
More salary data for Bloomington, MN:
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 $45,588 for real estate agentsin the Bloomington 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 Bloomington 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