educationincome

According to the 2010 NAR Member Profile, those with a college education earn higher income. The graph above illustrates this relationship.

The graph shows NAR members by number of years they have spent in the real estate industry and groups them according to the level of education completed. The blue bars indicate median income for those with less than a bachelor’s degree while the red bars indicate median income for those with at least a bachelor’s degree.

The graph suggests that across all levels of experience, NAR members with at least a bachelor’s degree earn higher gross personal income than those without formal college education. For those with 10 years of experience or less, having a bachelor’s degree versus not having one increases their income by at least 18 percent. For members who have been in the industry for 16 to 25 years, the difference jumps to 23 percent. The difference in income is largest for those who have been in the industry the longest.

While the typical agent without a college education earns $47,600, those with a college degree earn 44 percent more or $68,500. Put differently, almost half of Realtors®, or 48 percent, who hold a bachelor’s degree or higher earn higher income than those without a college degree. Fifty-nine percent of those earning $150,000 or more have at least a bachelor’s degree, while 44 percent of those earning less than $50,000 have a degree.

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