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Real Estate Sales Agents salary in Minneapolis, MN

Median pay for real estate sales agents in Minneapolis, MN: $44,270/yr

Typical range (10th–90th percentile): $36,030 – $102,850 · about 1,540 employed locally

Below the typical metro median ($50,020) by −$5,750 (-11%).

What it's really worth in Minneapolis

With Minneapolis's cost of living at 104 (US=100), that $44,270 has the buying power of about $42,444 in an average-cost US metro.

Local context: median household income $94,673 · median home $393,774 · median rent $1,721/mo.

Full Minneapolis cost of living & taxes →

How Minneapolis ranks for this job

On raw pay, Minneapolis, MN is 125th of the 167 metros we hold real estate sales agents wages for. Once Minneapolis's cost of living is applied, it ranks 141st.

Pay and living costs are roughly in step here, so Minneapolis sits in much the same place whether you look at raw salary or spending power.

What that salary buys in Minneapolis

A median home in Minneapolis, MN costs $393,774 — about 8.9× this salary, against a typical US metro figure of 4.7×. Buying is harder here than in the average metro on this income.

Median rent of $1,721/mo works out at 47% of gross pay — above the conventional 30% affordability ceiling, so renting would stretch this salary.

Where real estate sales agents earn more

Pay on its own is only half the picture, so each row shows what rent costs there relative to Minneapolis.

MetroMedian payvs MinneapolisRent vs Minneapolis
New York, NY $103,960 +135%
Buffalo, NY $83,670 +89% 0.8×
Rochester, NY $83,200 +88% 0.9×
Seattle, WA $80,950 +83% 1.3×

Same job elsewhere in MN

MetroMedian payvs MinneapolisRent vs Minneapolis
Duluth, MN $47,380 +7% 0.8×

Staying in MN keeps state income tax and licensing the same, which makes these the most directly comparable moves.

Who hires real estate sales agents around Minneapolis

Large local employers in sectors that typically employ this role.

Other jobs in Minneapolis

Source: US BLS OEWS (May 2023) median annual wage; cost of living from BEA; home price and rent from Zillow; household income from US Census ACS. Rankings are across the 167 metros we hold wage data for in this occupation. Estimates for guidance only. See methodology.