Licensed Real Estate Agent Salary in Chicago, IL

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How much does a Licensed Real Estate Agent make in Chicago, IL? (2025)

As of August 01, 2025, Licensed Real Estate Agents in Chicago, IL earn an average annual salary of $115,872 with an hourly rate of $56. Salary ranges from $100,289 (10th percentile) to $124,371 (90th percentile), with the majority earning between $107,715 (25th percentile) and $120,321 (75th percentile). Compensation varies based on experience, skills, company size, and local market factors - all explored below.

View as table View as graph 25% $107,715 10% $100,289 90% $124,371 75% $120,321 $115,872 50%(Median) Didn’t find job title? Click

Licensed Real Estate Agent Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $120,321 $10,027 $2,314 $58
Average $115,872 $9,656 $2,228 $56
25th Percentile $107,715 $8,976 $2,071 $52
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How much does a Licensed Real Estate Agent make by hour, week, month, and year?

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Last Updated on August 01, 2025

How does experience level affect a Licensed Real Estate Agent's Salary?

An entry-level Licensed Real Estate Agent with under 1 year experience makes about $115,079. With less than 2 years of experience, a mid-level Licensed Real Estate Agent makes around $115,306. After 2-4 years, the Licensed Real Estate Agent pay rises to about $115,645. Those senior Licensed Real Estate Agent with 5-8 years of experience earn roughly $117,005, and those Licensed Real Estate Agent having 8 years or more experience are expected to earn about $119,086 on average.

Levels Salary
Entry Level Licensed Real Estate Agent $115,079
Intermediate Level Licensed Real Estate Agent $115,306
Senior Level Licensed Real Estate Agent $115,645
Specialist Level Licensed Real Estate Agent $117,005
Expert Level Licensed Real Estate Agent $119,086
$115,079 0 yr
$115,306 < 2 yrs
$115,645 2-4 yrs
$117,005 5-8 yrs
$119,086 > 8 yrs
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Best-Paid Skills and Qualifications for Licensed Real Estate Agent

What skills does a Licensed Real Estate Agent need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  2. Employment Authorization:
  3. Auto Repair: Automotive Repair means the general repair, engine rebuilding or reconditioning of motor vehicles collision service such as body, frame and fender straightening and repair and painting of motor vehicles.
See More Skills
Skills Demand Percentage
Customer Service 6.55%
Employment Authorization 3.94%
Auto Repair 2.92%
What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Licensed Real Estate Agent higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Risk Management, you can get a 19% salary raise. If you are good at Auto Repair, your salary will increase by 12%. If you are expert in Collaboration, your salary will rise by 10%.
Skill Salary Salary % Increase
Risk Management
$137,888
19%
Auto Repair
$129,777
12%
Collaboration
$127,459
10%
Underwriting
$126,301
9%
Alignment
$123,983
7%
Due Diligence
$123,983
7%

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Cost of Living In Chicago, IL

Cost of Living in Chicago, IL is
12.4% Higher
than the National Average

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About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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