Real Estate Agent Salary in Ann Arbor, MI
How much does a real estate agent make in Ann Arbor? Explore median, entry-level, and senior salaries adjusted for Ann Arbor's cost of living.
Salary Breakdown by Experience Level
See how real estate agent salaries break down across different pay periods in Ann Arbor.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $49,124 | $87,021 | $133,338 |
| Monthly | $4,094 | $7,252 | $11,112 |
| Biweekly | $1,889 | $3,347 | $5,128 |
| Weekly | $945 | $1,673 | $2,564 |
| Hourly | $24 | $42 | $64 |
Ann Arbor vs National Average
How Ann Arbor's real estate agent salaries compare to national figures.
Cost of Living in Ann Arbor
About Real Estate Agent
Overview
Buy, sell, and rent properties on behalf of clients.
Education
High school diploma; Real Estate license required
Key Skills
Growth Rate
Expected job growth: +15% over the next decade
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Real Estate Agent Salary in Ann Arbor, MI — Complete Guide
Median Salary Overview
The median salary for a real estate agent in Ann Arbor, MI is $87,021 per year, adjusted for the local cost of living index of 115. This figure reflects typical earnings for experienced professionals in this role, considering Ann Arbor's unique economic conditions.
Salary Range and Experience Levels
Entry-level real estate agent professionals in Ann Arbor can expect to earn around $49,124 annually. As professionals gain experience, salaries typically increase, with senior-level real estate agents earning approximately $133,338 per year. This represents a 171% increase from entry to senior level.
Cost of Living Adjustment
Ann Arbor's cost of living index of 115 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Ann Arbor are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $82,250, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a real estate agent's salary in Ann Arbor typically goes toward housing. With a 1-bedroom apartment averaging $1,450 per month, housing represents about 20.0% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Real Estate Agents are in growing demand across the United States, with an expected job growth of 15% over the next decade. In Ann Arbor, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.