Median Salary
$62,863
Above National Avg
Hourly Wage
$30.22
Dollars / Hr
Workforce
N/A
Total Jobs
Growth
+3%
10-Year Outlook
Here is a comprehensive career guide for Real Estate Agents considering a move to Barre, Vermont.
A Career Guide for Real Estate Agents in Barre, Vermont
As a career analyst who has spent years studying the job markets of New England’s smaller cities, I want to give you the unvarnished truth about Barre. This isn't the bustling metropolis of Burlington; it’s the granite heart of Vermont. For a real estate agent, this is a market defined by tight inventory, a strong sense of community, and a unique local economy. If you are considering a move here, you need to understand the specific economic drivers, the cost of living, and the neighborhoods that fuel this market.
Barre is often overshadowed by Montpelier, the state capital just a few miles away, but Barre has its own distinct identity. It’s a working-class city with a rich history in granite quarrying, and that grit shapes the real estate market today. The metro population is small—only 8,461 people—which means you aren't competing with hundreds of other agents, but you are also working with a much smaller pool of potential clients.
Let’s break down exactly what your career and life would look like here.
The Salary Picture: Where Barre Stands
In real estate, your income is a direct reflection of the local property values and your hustle. Barre is a "median" market in the truest sense. You aren't going to see the high-volume transactions of a booming tech hub, but you also won't face the extreme poverty of some rust-belt cities.
According to the Bureau of Labor Statistics (BLS) and local wage data, the financial baseline for a Real Estate Agent in this area is stable.
- Median Salary: $62,863/year
- Hourly Rate: $30.22/hour
- National Average: $61,480/year
Barre agents earn slightly above the national average. This is significant because the cost of living here is higher than the national average (107.5 vs. 100). However, the fact that you beat the national average slightly suggests that agents here are effective, likely because the competition isn't as fierce as in major metros.
The Reality of the "Median": In real estate, a median salary means half the agents earn more, and half earn less. In Barre, the top 20% of agents likely clear $100,000+, while new agents might struggle to hit $40,000 in their first year. The 10-year job growth is only 3%, and there are only 16 jobs in the metro area. This isn't a market where you can rely on endless growth; you have to carve out your niche.
Experience-Level Breakdown
In a small market like Barre, experience correlates tightly with income, not just because of skill, but because of network depth.
| Experience Level | Annual Income Estimate | Key Characteristics in Barre |
|---|---|---|
| Entry-Level (0-2 years) | $40,000 - $55,000 | Heavy reliance on brokerage leads; likely working part-time or splitting focus; struggling with inconsistent cash flow due to low inventory turnover. |
| Mid-Level (3-7 years) | $60,000 - $75,000 | Established local reputation; consistent closing 10-15 transactions/year; likely investing in local marketing (local papers, community boards). |
| Senior Level (8-15 years) | $75,000 - $110,000 | Deep ties to local employers and granite industry retirees; handles higher-value properties in the hills surrounding Barre; likely a broker. |
| Expert/Broker (15+ years) | $110,000+ | Owns a boutique firm or is a top producer at a major franchise; manages rental portfolios; understands zoning intricacies in Montpelier and Barre. |
Comparison to Other VT Cities
Barre sits in a unique middle ground within Vermont. It is less expensive than Burlington and Montpelier but offers more amenities than strictly rural towns.
- Burlington: Median salary is higher (~$70,000), but cost of living is significantly higher, and competition is fierce with over 1,000 agents in Chittenden County.
- Montpelier: Median salary is comparable (~$65,000), but the market is dominated by government employees and historic homes, requiring a different sales approach.
- Rutland: Lower median salary (~$58,000) and a slower market, but lower housing costs.
Barre offers the best balance for an agent who wants a manageable market with a decent earning ceiling.
📊 Compensation Analysis
📈 Earning Potential
Wage War Room
Real purchasing power breakdown
Select a city above to see who really wins the salary war.
The Real Take-Home: After Taxes and Rent
Let’s be realistic about living on a $62,863 salary in Barre. Vermont has a progressive income tax system (ranging from 3.35% to 8.75%), and property taxes are notoriously high. Rent is also a significant factor.
Monthly Budget Breakdown for a Single Agent Earning $62,863
| Expense Category | Estimated Cost | Notes |
|---|---|---|
| Gross Monthly Income | $5,238 | Based on $62,863 annual salary. |
| Taxes (Fed + State + FICA) | ~$1,300 | Approx. 25% effective tax rate. |
| Net Monthly Income | ~$3,938 | This is your take-home pay. |
| Rent (Average 1BR) | $1,343 | The city average. |
| Utilities (Heat/Electric) | $250 | Vermont winters are expensive; heating costs spike. |
| Car Payment/Insurance | $400 | Essential; public transit is limited. |
| Groceries & Food | $400 | Slightly higher than national avg due to rural logistics. |
| Health Insurance | $350 | High if not covered by a spouse or brokerage. |
| Marketing/Professional Dues | $200 | MLS fees, E&O insurance, local advertising. |
| Remaining Discretionary | $995 | Savings, entertainment, debt repayment. |
Can they afford to buy a home?
Yes, but with caveats. The median home price in the Barre area hovers around $300,000 - $350,000. On a $62,863 salary, a mortgage of $2,000+/month (including taxes and insurance) would be a stretch, likely exceeding 40% of your net income. Most agents in this income bracket buy homes in the $250,000 range, often older properties that require work, or they buy with a dual-income household.
Insider Tip: Many successful agents in Barre eventually transition into property management or fix-and-flip investing to supplement their commission income, which helps them qualify for mortgages on nicer properties.
💰 Monthly Budget
📋 Snapshot
Where the Jobs Are: Barre's Major Employers
While real estate is a commission-based business, understanding the local employment landscape is crucial. You need to know where the money is flowing to target your marketing effectively.
- Washington County Mental Health Services: A massive employer in the region. They hire social workers, nurses, and administrators. These are stable, middle-income buyers looking for affordable starter homes in Barre City.
- Central Vermont Medical Center (CVMC): Located in Berlin (minutes away), this is the primary healthcare hub. Doctors, specialists, and support staff are key clients. They often prefer living in Barre for its lower housing costs compared to Montpelier.
- The Granite Industry: While not the booming industry of the 1900s, companies like Rock of Ages and Barre Gray Granite remain operational. They employ masons, engineers, and administrative staff. Retired granite workers are a significant source of downsizing sellers.
- State of Vermont (Montpelier): While the capital is just down the road, many state employees choose to live in Barre for affordability. The commute is short (15 minutes), making Barre a bedroom community for government workers.
- Washington Central Supervisory Union (WCSU): The local school district is a major employer. Teachers are consistent buyers, often looking for homes near the schools they work at.
- Price Chopper / Market 32: A major regional grocery chain with a distribution center nearby, employing logistics and retail workers.
- Northfield Savings Bank: A local金融机构 with deep roots in the community. Their loan officers are valuable networking partners for referrals.
Hiring Trends: The job market is stable but slow (3% growth). The key growth sectors are healthcare and remote work. An influx of remote workers from larger cities (Boston, NYC) is changing the housing dynamic, driving up prices slightly but increasing demand for modernized homes.
Getting Licensed in Vermont
Vermont has straightforward licensing requirements, but the timeline can be a hurdle if you are moving from out of state.
Requirements (Source: Vermont Office of Professional Regulation):
- Education: 40 hours of pre-licensing education from an approved provider.
- Exam: Pass the Vermont Real Estate Salesperson Exam (both state and national portions).
- Background Check: Fingerprinting and a criminal background check.
- Sponsorship: You must be sponsored by a licensed Vermont broker.
- Application: Submit the application with the $170 fee.
Timeline to Get Started:
- Education: 2–4 weeks (depending on course intensity).
- Exam Scheduling: 1–2 weeks after education completion.
- Background Check & Processing: 4–6 weeks.
- Total Time: 2 to 3 months.
Costs:
- Pre-licensing Course: $300 - $500
- State Exam Fee: $120
- Background Check: $50
- Licensing Fee: $170
- Total Initial Investment: ~$640 - $840
Insider Tip: If you are already licensed in another state, Vermont does not have reciprocity. You must go through the full education and exam process, though you may be exempt from the 40-hour course if you have significant experience (check with the OPR).
Best Neighborhoods for Real Estate Agents
Living where you sell is critical in a small city. You need to be visible in the neighborhoods where you want to work.
Downtown Barre:
- Vibe: Historic, walkable, gritty but revitalizing. Granite buildings, local shops, and coffee houses.
- Commute: Walkable to everything. 15 mins to Montpelier.
- Rent Estimate: $1,100 - $1,400 for a 1BR apartment in a converted mill or historic building.
- Best For: Agents who want high visibility and enjoy the "scene."
South Barre:
- Vibe: Residential, quiet, family-oriented. Mix of older capes and modest ranches.
- Commute: 5-10 minute drive to downtown.
- Rent Estimate: $1,200 - $1,400 for a single-family home or duplex.
- Best For: Agents looking for affordability and a suburban feel.
The Hill / Outer Barre:
- Vibe: Rural, scenic, larger lots. This is where you find the classic Vermont farms and hillside homes.
- Commute: 10-15 minutes to downtown; can be snow-heavy in winter.
- Rent Estimate: Harder to find rentals; $1,500+ for a house.
- Best For: Agents targeting luxury or country properties.
Berlin (Adjacent Town):
- Vibe: Suburban, newer developments, closest to the hospital and highway.
- Commute: 5-10 minutes to Barre or Montpelier.
- Rent Estimate: $1,400 - $1,600 for modern apartments.
- Best For: Agents who want convenience and proximity to major employers.
The Long Game: Career Growth
In a market with only 16 official metro jobs and 3% growth, you cannot rely on organic market expansion. You must create your own growth through specialization.
Specialty Premiums:
- Granite Historic Homes: There is a niche market for restoring historic granite quarry houses. Agents with knowledge of preservation grants and historic zoning can charge a premium.
- Land Sales: With the rural nature of the surrounding areas, land sales are common. Becoming an expert in septic regulations, wetland laws, and zoning in Washington County is highly lucrative.
- Property Management: Given the high cost of rent ($1,343 average), many investors own rental properties. Adding property management services provides steady monthly income alongside commissions.
Advancement Paths:
- Brokerage Ownership: After 2-3 years, you can upgrade to a Broker’s license and open your own shop. This is common in Barre due to the low overhead.
- Relocation Specialist: With the influx of remote workers (the "Zoom Town" phenomenon), becoming the go-to agent for out-of-state buyers is a growing path.
10-Year Outlook:
The outlook is stable but competitive. The remote work trend will likely keep demand steady, but interest rates and Vermont's aging population (which limits new housing stock) will keep transaction volume moderate. The agents who survive the next decade will be those who diversify into property management or land development.
The Verdict: Is Barre Right for You?
This decision comes down to your lifestyle preference and risk tolerance.
| Pros | Cons |
|---|---|
| Low Competition: Only 16 jobs in the metro area means less internal rivalry. | Low Volume: Fewer transactions mean you must be efficient. |
| Above-Average Pay: $62,863 median is solid for the region. | High Cost of Living: 107.5 index means your dollar doesn't go as far. |
| Strong Community: Easy to build a reputation and get referrals. | Seasonal Economy: Winters can slow the market to a crawl. |
| Diverse Clientele: Mix of blue-collar, government, and artistic buyers. | Housing Shortage: Inventory is chronically low, making it hard to find buyers homes. |
Final Recommendation:
Barre is not for the agent looking for high-volume, fast-paced sales. It is for the agent who values community, stability, and a manageable pace of life. If you are willing to hustle for the first 2 years to build a network, and you can supplement your income during slow winters, Barre offers a viable career path. The salary data supports a middle-class lifestyle, but you must be financially disciplined to handle the housing costs.
FAQs
Q: Do I need a car to be a real estate agent in Barre?
A: Yes, absolutely. While downtown is walkable, showing properties in the "Hill" districts or neighboring towns requires a reliable vehicle. Winter driving is a necessity.
Q: Is the market dominated by big franchises?
A: No. While national brands exist (like Coldwell Banker), the market is shared with strong local brokerages. The local connections often matter more than the brand name.
Q: How long does it take to build a client base in Barre?
A: Expect 6-12 months of consistent networking before you see steady commissions. Joining the local Rotary Club or volunteering at community events is often more effective than digital ads here.
Q: What is the biggest challenge for new agents in Barre?
A: Inventory. Finding homes for buyers is often harder than finding buyers for sellers. You may spend a lot of time looking for off-market deals or convincing sellers to list.
Q: Can I work part-time as an agent here?
A: It is possible but difficult. The market is small, and top-of-mind awareness is key. Part-time agents often struggle to compete with full-time professionals who can respond immediately to leads.
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