How much does a Real Estate Agent make in Minnesota?

BLS puts the average Real Estate Agent pay in Minnesota at $61,420 a year (BLS, May 2025). On that pay in Minnesota, after federal taxes, FICA, and Minnesota state taxes, your estimated take-home pay is approximately $48,878 annually ($4,073/month).

What is the take-home pay for a Real Estate Agent in Minnesota?

On a $61,420 salary in Minnesota, your take-home pay is approximately $48,878/year or $4,073/month. Federal tax: $5,190. State tax: $2,653. FICA: $4,699.

Is $61,420 a good Real Estate Agent salary?

$61,420 is the BLS average Real Estate Agent pay in Minnesota, 12% below the US average of $69,510 (BLS, May 2025). The middle 50% in Minnesota earn between $42,240 and $62,070.

How do Minnesota taxes affect Real Estate Agent salaries?

Minnesota levies state income tax on top of federal taxes. Your estimated state tax on $61,420 is $2,653. Your total effective tax rate is approximately 20.4%.

What are the career growth prospects for Real Estate Agents?

In Minnesota, the top 10% earn over $108,040 and the bottom 10% under $36,150 (BLS, May 2025). 3% growth through 2032 (about as fast as average); top 20% earn 3-5x median. Related roles include: Realtor, Real Estate Broker, Buyer's Agent, Listing Agent, Luxury Specialist, Commercial Real Estate Agent.

How can a Real Estate Agent in Minnesota reduce their tax bill?

Maximize your 401(k) contribution ($24,500 in 2026) to reduce taxable income. An HSA ($4,400 single / $8,750 family) adds further pre-tax savings. These strategies can save thousands annually — use our calculator to see your exact savings.

Sales

Real Estate Agent Salary in Minnesota (2026)

Average Real Estate Agent pay in Minnesota

$61,420/year

≈ $30/hour before tax

Middle 50% earn $42,240–$62,070

US average: $69,510

Source: BLS, May 2025 · Real Estate Sales Agents

After tax (single filer)

$48,878/year

$4,073/month · effective tax rate 20.42%

Federal $5,190
State $2,653
FICA $4,699
Take-home

Pay by role in Minnesota

Top-Producing / Luxury Agent (Minneapolis metro)BLS · Minneapolis-St. Paul-Bloomington, MN-WI · 75th–90th percentile$62,070–$108,040
Top-Producing / Luxury AgentBLS · 75th–90th percentile$62,070–$108,040
Real Estate Agent (any market)BLS · middle 50%$42,240–$62,070
Real Estate Agent (any market) (Rochester metro)BLS · Rochester, MN · middle 50%$42,010–$62,420
Real Estate Agent (any market) (Duluth metro)BLS · Duluth, MN-WI · middle 50%$40,770–$63,580
New AgentBLS · 10th–25th percentile$36,150–$42,240

See the full tax breakdown

Category	Amount
Annual Take-Home Pay	$48,878
Monthly Take-Home Pay	$4,073
Biweekly Take-Home Pay	$1,880
Hourly Take-Home Pay based on 2,080 hrs/year	$23/hr
Federal Tax	$5,190
State Tax	$2,653
FICA Taxes	$4,699
Effective Tax Rate total taxes ÷ gross salary	20.42%

Estimates only — not tax advice. · Full disclaimer →

Not all Real Estate Agents earn the same — not even close

Minnesota's real estate agent market is anchored by Twin Cities Minneapolis-St. Paul metro (Edina + Wayzata + Eden Prairie + Lake Minnetonka shoreline + Chain of Lakes Calhoun-Bde-Maka-Ska + Harriet + Cedar + the substantial Minneapolis Lakes neighborhoods + St. Paul Summit-Crocus Hill + Crocus Hill + Macalester-Groveland + the substantial Twin Cities luxury + 3M + Medtronic + Target + General Mills + Cargill + UnitedHealth + Best Buy corporate executive market + the substantial Twin Cities Lake Minnetonka 1920s-1930s historic luxury), Rochester (the substantial Mayo Clinic Rochester + ~70K Mayo employees + the substantial Pill Hill + Olde Heritage + the substantial Rochester growth driving substantial RE transaction velocity), Duluth-Superior (Park Point + Hunter Hill + Lakeside + the substantial Lake Superior shoreline + the substantial Iron Range workforce), Lake Country vacation rental (Brainerd Lakes + Gull Lake + Cross Lake + Park Rapids + Bemidji + Boundary Waters + Northshore + the substantial MN 10K+ lakes + cabin + recreation property market), plus substantial MN commercial real estate + farmland + sugar beet + corn + dairy farm + the substantial MN agricultural land transactions.

Top-Producing / Luxury Agent (Minneapolis metro)

$62,070–$108,040

Twin Cities Lake Minnetonka + Edina + Wayzata + Eden Prairie luxury · 3% commission + dual agency at top end

Source: BLS May 2025 · Real Estate Sales Agents · Minneapolis-St. Paul-Bloomington, MN-WI · 75th–90th percentile

Top-Producing / Luxury Agent

$62,070–$108,040

Twin Cities + Rochester + Duluth commercial brokerage · CRE deals + leasing + investment + CCIM

Source: BLS May 2025 · Real Estate Sales Agents · Minnesota · 75th–90th percentile

Real Estate Agent (any market)

$42,240–$62,070

Senior buyer agent · Twin Cities + Rochester + Duluth · relo + first-time-buyer + investor

Source: BLS May 2025 · Real Estate Sales Agents · Minnesota · middle 50%

Real Estate Agent (any market) (Rochester metro)

$42,010–$62,420

Rochester Mayo Clinic physician + research relo + Pill Hill + Olde Heritage + the substantial Mayo

Source: BLS May 2025 · Real Estate Sales Agents · Rochester, MN · middle 50%

Real Estate Agent (any market) (Duluth metro)

$40,770–$63,580

Duluth Park Point + Hunter Hill + Lakeside + the substantial Lake Superior shoreline market

Source: BLS May 2025 · Real Estate Sales Agents · Duluth, MN-WI · middle 50%

New Agent

$36,150–$42,240

New Realtor · MN Department of Commerce licensed + brokerage sponsor + MN Realtors member

Source: BLS May 2025 · Real Estate Sales Agents · Minnesota · 10th–25th percentile

Worth knowing: Minnesota's substantial Twin Cities Chain of Lakes + Lake Minnetonka luxury + Mayo Clinic Rochester + Brainerd Lakes cabin recreation market is a distinctive MN Realtor feature most national real estate surveys understate. Twin Cities luxury market (Edina + Wayzata + Eden Prairie + Lake Minnetonka shoreline + Chain of Lakes Calhoun-Bde-Maka-Ska + Harriet + ~$1M-$5M+ historic homes + the substantial 1920s-1930s Lake Minnetonka summer estates + Edina Country Club + Minikahda + Woodhill + the substantial 3M + Medtronic + Target + General Mills + Cargill + UnitedHealth + Best Buy executive wealth + the substantial post-2020 lake-front boom) supports a distinctive MN luxury Realtor specialty — senior Twin Cities luxury listing agents clear $95-285K+ commission. Mayo Clinic Rochester market (~70K Mayo employees + the substantial Pill Hill physician relocation + the substantial Olde Heritage + the substantial Rochester growth + the substantial Mayo Clinic international physician + research migration + the substantial post-2024 Destination Medical Center DMC initiative ~$6B+ Rochester investment) supports distinctive Mayo Clinic Realtor specialty. The country's substantial Minnesota Lake Country vacation rental + cabin recreation market (the substantial 10K+ MN lakes + Brainerd Lakes + Gull Lake + Cross Lake + Park Rapids + Bemidji + Boundary Waters + Northshore Lake Superior + the substantial Twin Cities + Iowa + Wisconsin weekend cabin migration + the substantial post-2020 cabin boom) supports specialized vacation rental + cabin Realtor specialty — Lake Country specialists clear $62-148K+ commission. MN farmland + sugar beet + corn + dairy + Red River Valley agricultural land Realtors support Accredited Land Consultant ALC + farm specialist work. Minnesota Realtors + Minneapolis Area Association of Realtors MAAR + St. Paul Area Association of Realtors SPAAR + the substantial MN MLS access. MN Department of Commerce licensing requires 90 hours pre-license + 30 hours post-license + 15 hours continuing education annually. MN progressive top 9.85% + MN estate tax $3M exemption (13-16% rate — among harshest US estate taxes + the substantial MN HNW retirement migration driver to FL/TX/SD) + MN NOT a RTW state + the substantial MN property tax ~1.05% effective + MN Renters Credit anchor the MN Realtor proposition.

Sources & Methodology

Salary figures are market estimates for Real Estate Agents in Minnesota and vary by employer, specialty, seniority, and metro. Take-home math assumes a single filer with no dependents, the standard deduction, and Minnesota 2026 state rates. Local taxes, insurance premiums, and pre-tax contributions will move your number — run the calculator for your own situation.

Run your own numbers