Real Estate Agent Salary in Farmington, NM: $92,538 (2026)
Quick Answer:A full-time real estate agent in Farmington, NM earns a median $92,538/year (≈ $44.49/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Farmington's price level (12% below national, BEA RPP 87.7), that paycheck buys what $105,508 would nationally. Nominal pay sits 82.8% above the New Mexico state average.
Official BLS data · View source
In 2026, real estate agents in Farmington, NM will see a median annual salary of $92,538, significantly higher than the national median of $53,622. This impressive figure reflects the unique dynamics of the local market, particularly in the aftermath of the 2024 NAR settlement, which has reshaped commission structures across the country. Salary expectations in the area vary widely, with the range stretching from a lower threshold of $61,509 to a high of $155,001, as documented by the 2025 BLS OEWS data, projected to 2026. As the market evolves, Farmington’s job opportunities for real estate professionals remain robust, showcasing the demand for skilled agents who can navigate the changing landscape.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $61,509 | $29.58 |
| Lower Range (P25) | $80,033 | $38.48 |
| Median (P50)(typical) | $92,538 | $44.49 |
| Upper Range (P75) | $110,960 | $53.35 |
| Top Earners (P90) | $155,001 | $74.52 |
Median Salary Position
72.57% above the national average
2026 Salary Percentile Distribution in Farmington
In Farmington, NM, the real estate agent salary spread from the 10th to 90th percentile is $93,492 (2026 est.). At $92,538, the local median is 72.57% above the national median of $53,622.
Salary Calculator
At 40 hours/week in Farmington: You'd be in the lower-middle range
How Farmington Real Estate Agent Pay Compares
Farmington median: $92,538/year (2026)
| Compared To | Median Salary | Farmington Pays |
|---|---|---|
| New Mexico Average | $50,622 | +82.80% more |
| National Average | $53,622 | +72.57% more |
Real Estate Agents in Farmington, NM earn a median of $92,538 per year (2026 est.), which is 72.57% higher than the national median of $53,622 and 82.80% above the New Mexico state average of $50,622.
Cost-of-Living Adjusted Salary
Farmington has a cost of living 12.29% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Farmington, NM has a cost-of-living index of 87.707 (below the national average of 100). A real estate agent earning $92,538 nominally has purchasing power equivalent to $105,508 in an average-cost city — an effective 14.02% boost.
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2019 BLS Actual
$84,440
2025 BLS Actual
$91,170
2026 Current Est.
$92,538
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Farmington (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $84,440 | Actual |
| 2020 | $84,630 | Actual |
| 2021 | $75,410 | Actual |
| 2022 | $77,230 | Actual |
| 2023 | $75,540 | Actual |
| 2024 | $82,220 | Actual |
| 2025 | $91,170 | Actual |
| 2026(current) | $92,538 | Estimated |
| 2027 | $93,926 | Projected |
Based on 7 years of BLS OEWS data for the Farmington metropolitan area, the median real estate agent salary grew 8.0% from $84,440 (2019) to $91,170 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $93,926 by 2027 — a total increase of $9,486 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Farmington 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) | $61,509 – $80,033 |
| 3-5 years (Mid Career) | $80,033 – $92,538 |
| 5+ years (Experienced) | $92,538 – $110,960 |
| 10+ years (Top Earner) | $110,960 – $155,001 |
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 Farmington
The local real estate market in Farmington hosts approximately 30 agents, serving a community with a cost-of-living index of 87.707, which indicates a more favorable economic environment for residents compared to national averages. Consequently, the potential for real estate agent pay in Farmington, NM is enhanced, as professionals can leverage their earnings more effectively. National franchises, such as Keller Williams and RE/MAX, alongside independent brokerages, are among the top employers, offering varied commission splits that can significantly influence earnings. Agents who focus on transacting higher-value properties or who are part of a well-connected team often see increased compensation, particularly in the changing post-2024 commission structure where successful agents will find ways to maximize their pay strategies through effective networking and specialization. Understanding the nuances of the Farmington real estate landscape will be essential for those looking to thrive in this evolving market.
More salary data for Farmington, NM:
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 $91,170 for real estate agentsin the Farmington 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
Source: BLS, OEWS, 5-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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