Real Estate Agent Salary in Milwaukee, WI: $61,438 (2026)
Quick Answer:A full-time real estate agent in Milwaukee, WI earns a median $61,438/year (≈ $29.54/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Milwaukee's price level (3% below national, BEA RPP 96.9), that paycheck buys what $63,379 would nationally. Nominal pay sits 5.5% above the Wisconsin state average.
Official BLS data · View source
In Milwaukee, the average real estate agent salary is projected to reach $61,438 annually in 2026, exceeding the national median of $53,622 by approximately 14.58%. Salary figures run the gamut from $38,692 at the 10th percentile to $94,365 at the 90th percentile, reflecting the varying income potential based on factors such as the choice between working solo, joining a team, or engaging in commercial brokerage. With the city's evolving real estate landscape, those who strategically align with high-performing teams or reputable brokerages stand to maximize their earnings. The Bureau of Labor Statistics' Occupational Employment and Wage Statistics (OEWS) provide these insights, revealing the competitive nature of the Milwaukee job market for real estate professionals.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $38,692 | $18.60 |
| Lower Range (P25) | $47,187 | $22.69 |
| Median (P50)(typical) | $61,438 | $29.54 |
| Upper Range (P75) | $76,369 | $36.71 |
| Top Earners (P90) | $94,365 | $45.37 |
Median Salary Position
14.58% above the national average
2026 Salary Percentile Distribution in Milwaukee
In Milwaukee, WI, the real estate agent salary spread from the 10th to 90th percentile is $55,673 (2026 est.). At $61,438, the local median is 14.58% above the national median of $53,622.
Salary Calculator
At 40 hours/week in Milwaukee: You'd be in the lower-middle range
How Milwaukee Real Estate Agent Pay Compares
Milwaukee median: $61,438/year (2026)
| Compared To | Median Salary | Milwaukee Pays |
|---|---|---|
| Wisconsin Average | $58,235 | +5.50% more |
| National Average | $53,622 | +14.58% more |
Real Estate Agents in Milwaukee, WI earn a median of $61,438 per year (2026 est.), which is 14.58% higher than the national median of $53,622 and 5.50% above the Wisconsin state average of $58,235.
Cost-of-Living Adjusted Salary
Milwaukee has a cost of living 3.06% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Milwaukee, WI has a cost-of-living index of 96.937 (below the national average of 100). A real estate agent earning $61,438 nominally has purchasing power equivalent to $63,379 in an average-cost city — an effective 3.16% boost.
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2019 BLS Actual
$45,520
2025 BLS Actual
$60,530
2026 Current Est.
$61,438
2019–2027 Growth
+37.0%
Salary Trajectory for Real Estate Agents in Milwaukee (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $45,520 | Actual |
| 2020 | $42,210 | Actual |
| 2021 | $39,710 | Actual |
| 2022 | $43,200 | Actual |
| 2023 | $46,590 | Actual |
| 2024 | $48,850 | Actual |
| 2025 | $60,530 | Actual |
| 2026(current) | $61,438 | Estimated |
| 2027 | $62,360 | Projected |
Based on 7 years of BLS OEWS data for the Milwaukee metropolitan area, the median real estate agent salary grew 33.0% from $45,520 (2019) to $60,530 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $62,360 by 2027 — a total increase of $16,840 (36.99%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Milwaukee 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) | $38,692 – $47,187 |
| 3-5 years (Mid Career) | $47,187 – $61,438 |
| 5+ years (Experienced) | $61,438 – $76,369 |
| 10+ years (Top Earner) | $76,369 – $94,365 |
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 Milwaukee
Looking at the local market dynamics, around 2,020 real estate agents reside in Milwaukee, indicating a robust pool of competition. The cost of living index at 96.937 suggests that while living expenses are below the national average, real estate agent pay in Milwaukee WI must also support families and lifestyles. Leading employers in the area include national franchise brokerages such as Keller Williams and Berkshire Hathaway HomeServices, which tend to pay competitive commissions. Several factors influence salary variations, including transaction volume, commission split arrangements, and the agent’s niche specialization. For those aiming to boost their income, focusing on high-value transactions, joining established teams, and cultivating a strong referral network will be key strategies to thrive amid the changes ensuing from the post-2024 NAR commission settlement.
More salary data for Milwaukee, WI:
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 $60,530 for real estate agentsin the Milwaukee 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, 7-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