How much do real estate agents make in Richmond?
If you’re considering being a real estate agent in Richmond, the state capital of Virginia, you could potentially make an average of $83,483 per year. That’s quite a bit higher than the statewide average salary!
How much do real estate agents make in Virginia Beach?
If you’d prefer the fresh breeze and beautiful oceanfront views, you might consider being a real estate agent in Virginia Beach instead. About 400,000 people live in Virginia Beach, making it the most populous city in Virginia. More people means more potential clients! Agents who work in Virginia Beach make an average salary of $82,010.
How much do real estate agents make in Charlottesville?
With a population of only 46,000 people, Charlottesville makes for a much smaller market than other cities in Virginia. Known for its rich American history, real estate agents can make an average of $80,529.
How Taxes Affect Take Home Pay
Virginia is one of the U.S. states that has a state income tax. Workers pay this tax on top of their federal taxes.
State income tax in Virginia ranges from 2% (for annual salaries under $3,000) to 5.75% (for annual salaries over $17,000).
If you made the average Virginia real estate agent salary of $66,230, your take-home pay for the year would be $49,170.
According to Indeed, the average salary for a real estate agent in the United States is a little under $100k. That’s almost double than the Florida mean annual real estate agent salary, which according to the Bureau of Labor Statistics data from May of 2021, is a respectable $56,460.
Meanwhile, the National Association of REALTORS® found the median gross income of a Realtor was $43,330 in 2020.
So why are those numbers so vastly different? And what’s the difference between a real estate agent and a Realtor anyway? Let’s break it down.
