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Real Estate Agent Salary in Memphis, Tennessee

Updated 2026-04-05BLS 2024 data — be the first to add a local report

Salary Distribution

BLS 2024
$45,368/ year

Median Real Estate Agent in Memphis, TN

$20,590
10th
$25,110
25th
$45,368
Median
$71,280
75th
$86,962
90th

Compensation Breakdown

BLS 2024
Base salary (median)
$45,368
Total compensation (est.)
$52,173
Bonus range
$1,550 – $10,560
Mean salary
$48,090

How This Compares

Memphis, TN median
$45,368
Tennessee median
$57,130-20.6%
National median
$56,010-19.0%

Cost of living in Memphis is 19% below the national average. Salary of $45,368 here is equivalent to $56,010 nationally.

Salary by Experience

0-2 years
$32,665-28.0%
3-5 years
$41,285-9.0%
6-10 years
$50,812+12.0%
10+ years
$62,608+38.0%

Salary by Company Size

Startup (< 100 employees)
$39,924-12.0%
Mid-size (100–5,000)
$45,368
Enterprise (5,000+)
$53,534+18.0%

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Real Estate Agent Salaries in Nearby Cities

Nashville, TN$58,811/yr
Knoxville, TN$56,010/yr
Chattanooga, TN$56,010/yr
Clarksville, TN$56,010/yr

Related Jobs in Memphis

Marketing Manager$112,371/yr
Human Resources Manager$110,444/yr
Operations Manager$104,992/yr
Business Analyst$77,185/yr
Sales Manager$105,786/yr

Quick Numbers

Hourly (40hr week)$22/hr
Monthly gross$3,781/mo
25th percentile$25,110/yr
75th percentile$71,280/yr

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Market Context

via FRED

Fed Funds Rate

Mar 2026

3.64%

Inflation (CPI)

year-over-year

2.4%+0.04

National Unemployment

Mar 2026

4.3%-0.10

Tennessee Unemployment

Dec 2025

3.6%

Avg Hourly Earnings

all private workers

$37.38+$0.09

10yr Treasury

Apr 2026

4.31%

Source: St. Louis Fed (FRED). Updated daily.

Real Estate Agent Salaries by City

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Frequently Asked Questions

What is the average Real Estate Agent salary in Memphis?

The median Real Estate Agent salary in Memphis is $45,368 per year, with a range from $25,110 at the 25th percentile to $71,280 at the 75th percentile. Total compensation including bonuses typically runs higher — see the breakdown above for the full picture.

How does Real Estate Agent pay in Memphis compare to the national average?

Real Estate Agent salaries in Memphis are 19% below the national median of $56,010. After adjusting for Memphis's cost of living, the purchasing power of that salary is equivalent to roughly $56,010 nationally — which is the number that actually matters when comparing offers across cities.

What factors affect Real Estate Agent salaries in Memphis?

In Memphis, the biggest drivers are years of experience, company size, and industry vertical. Entry-level Real Estate Agent roles start around $20,590, while senior and staff-level positions at larger employers can reach $86,962 or above. Specialized skills and in-demand tools can also meaningfully shift where you land in the range.

Is Memphis a good place for Real Estate Agent jobs?

Memphis offers a Real Estate Agent median of $45,368, which is 19% below the US median of $56,010. Whether that makes it a good market depends on your personal cost-of-living equation — Memphis is 19% cheaper than the national average, so factor that into your math.

How do I negotiate a higher Real Estate Agent salary?

Start with the data on this page: the 75th percentile for Real Estate Agent in Memphis is $71,280, which is a defensible anchor for a negotiation. Come in with a specific number backed by real market data — not a range — and reference your experience tier. If you're above the median, ask for the 75th percentile. If you're already at the 75th, push for total comp improvements like equity or bonus instead.