Real Estate Agent Salary in Farragut, TN
How much does a real estate agent make in Farragut? Explore median, entry-level, and senior salaries adjusted for Farragut's cost of living.
Salary Breakdown by Experience Level
See how real estate agent salaries break down across different pay periods in Farragut.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $41,440 | $73,408 | $112,480 |
| Monthly | $3,453 | $6,117 | $9,373 |
| Biweekly | $1,594 | $2,823 | $4,326 |
| Weekly | $797 | $1,412 | $2,163 |
| Hourly | $20 | $35 | $54 |
Farragut vs National Average
How Farragut's real estate agent salaries compare to national figures.
Cost of Living in Farragut
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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Financial Tools to Explore
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Real Estate Agent Salary in Farragut, TN — Complete Guide
Median Salary Overview
The median salary for a real estate agent in Farragut, TN is $73,408 per year, adjusted for the local cost of living index of 105. This figure reflects typical earnings for experienced professionals in this role, considering Farragut's unique economic conditions.
Salary Range and Experience Levels
Entry-level real estate agent professionals in Farragut can expect to earn around $41,440 annually. As professionals gain experience, salaries typically increase, with senior-level real estate agents earning approximately $112,480 per year. This represents a 171% increase from entry to senior level.
Cost of Living Adjustment
Farragut's cost of living index of 105 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Farragut 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 Farragut typically goes toward housing. With a 1-bedroom apartment averaging $1,250 per month, housing represents about 20.4% 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 Farragut, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.