• Real estate agents based in certain locations tend to earn more than others.
  • New York, Massachusetts, and Connecticut ranked as the three states where real estate agents earn the most money. 
  • The average annual salary for a real estate agent in New York is $111,800, per the Bureau of Labor Statistics. 
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Real estate agents sell, rent, or buy property on behalf of their clients.

But not all real estate agents are compensated the same. 

Performing duties along the lines of listing property, negotiating terms of sale, and drawing up contracts, an agent's compensation is largely impacted by the number and quality of listings they acquire, as well as the amount of commissions they generate, which is often largely determined by property location and price tag. 

That said, compensation for real estate agents differs largely by state, according to the Bureau of Labor Statistics. 

And these are the top five states where agents make the most. 

5. Colorado

The average annual salary for a real estate agent in Colorado is $76,850. 

The median home value in Colorado is $408,794, according to Zillow. Colorado home values have gone up 3.1% over the past year and the median price of homes currently listed in Colorado is $428,364. The median rent price in Colorado is $2,000.

4. Alaska

The average annual salary for a real estate agent in Alaska is $79,360. 

The median home value in Alaska is $300,073, according to Zillow. Alaska home values have declined 2.3% over the past year and the median price of homes currently listed in Alaska is $282,900. The median rent price in Alaska is $1,600.

3. Connecticut

The average annual salary for a real estate agent in Connecticut is $79,780. 

The median home value in Connecticut is $259,855, according to Zillow. Connecticut home values have gone up 1.4% over the past year, and the median price of homes currently listed in Connecticut is $309,900. The median rent price in Connecticut is $1,800.

2. Massachusetts

The average annual salary for a real estate agent in Massachusetts is $84,180. 

The median home value in Massachusetts is $433,883, according to Zillow. Massachusetts home values have gone up 3.3% over the past year, and the median price of homes currently listed in Massachusetts is $464,900. The median rent price in Massachusetts is $2,550.

1. New York

The average annual salary for a real estate agent in New York is $111,800. 

The median home value in New York state is $328,677, according to Zillow, and home values have gone up 2.3% over the past year. The median price of homes currently listed in New York is $429,000. The median rent price in New York is $3,200. The median home value in New York City is $652,307. 

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