Median Salary
$63,656
Above National Avg
Hourly Wage
$30.6
Dollars / Hr
Workforce
N/A
Total Jobs
Growth
+3%
10-Year Outlook
The Salary Picture: Where Plantation Stands
As a local, Iâve watched Plantationâs real estate market for years. Itâs a city of steady, reliable growth, nestled in Broward County. For a Real Estate Agent, this means a stable foundation, though not a boomtown like Miami Beach. The median salary here is a solid $63,656/year, which breaks down to about $30.6/hour. This figure sits slightly above the national average for real estate agents, which is $61,480/year. Itâs a testament to the area's consistent demand, driven by a mix of families, professionals, and retirees.
However, as an agent, your income isnât just a salaryâitâs earnings. The $63,656 median is a key benchmark, but your potential is directly tied to the local market's activity. With 193 real estate jobs in the metro area and a modest 10-year job growth of 3%, Plantation isn't a market exploding with new agents, which is actually good news. It means less saturation for those who are skilled and persistent.
Hereâs a realistic breakdown of earnings potential based on experience and hustle:
| Experience Level | Estimated Annual Earnings | Key Characteristics |
|---|---|---|
| Entry-Level (0-2 years) | $45,000 - $65,000 | Building a client base, likely working on a team. Focus on rentals and first-time buyers in areas like Plantation Acres. |
| Mid-Level (3-7 years) | $65,000 - $95,000 | Established referral network. Comfortable with both buyers and sellers in mid-range neighborhoods like Jacaranda Lakes. |
| Senior/Expert (8+ years) | $95,000 - $150,000+ | Specializing in luxury properties (e.g., near the Golf Club), commercial real estate, or managing a team. High-end referrals are key. |
Comparative Snapshot: Florida Agent Earnings
| City | Median Salary | Notes |
|---|---|---|
| Plantation | $63,656 | Steady, suburban market. |
| Miami | $68,000 | Higher volume, higher stress, more competition. |
| Orlando | $60,500 | Strong tourist and investment market. |
| Tampa | $62,200 | Similar suburban feel, but larger market. |
| Jacksonville | $59,000 | Lower cost of living, but also lower transaction volumes. |
Insider Tip: Donât just look at the median. The top 20% of agents in Plantation easily clear $120,000 annually. Their edge isnât luck; itâs deep knowledge of specific micro-neighborhoods and building relationships with local employers.
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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
Letâs get real about the math. The median income of $63,656 is a gross figure. As an independent contractor (most agents are), youâre responsible for all taxesâself-employment tax (15.3%), federal, and state. Expect your net take-home after federal and state taxes to be closer to $48,000 - $50,000 annually, or about $4,000/month.
Now, letâs layer on Plantationâs cost of living. The Cost of Living Index is 111.8, meaning itâs about 12% more expensive than the national average. The biggest factor is housing. The average rent for a one-bedroom apartment is $1,621/month.
Hereâs a sample monthly budget for a solo agent earning the median:
| Category | Estimated Monthly Cost | Notes |
|---|---|---|
| Net Income | ~$4,166 | Based on $63,656 gross, after taxes. |
| Rent (1BR) | $1,621 | Citywide average. |
| Utilities | $150 - $200 | Internet, electric, water. |
| Health Insurance | $400 - $600 | Critical for self-employed. |
| Car & Fuel | $450 | Florida insurance is high; commute varies. |
| MLS/Association Dues | $150 | Local board, state license, lockbox fees. |
| Marketing & Leads | $300 | Zillow, social media, open house supplies. |
| Food & Personal | $600 | Groceries and incidentals. |
| Savings/Buffer | $445 | Essential for slow market periods. |
Can they afford to buy a home? Itâs a tough question. With a $1,621 rent, saving for a down payment is challenging. The median home price in Plantation is around $450,000. A 20% down payment is $90,000. On a $63,656 income, a mortgage payment (including taxes and insurance) would be roughly $2,800/month, which is about 67% of your net incomeâa ratio most lenders wonât approve. The practical path is to partner with a spouse, build a larger income, or consider a condo/townhome first. This is a key reason many agents here are in dual-income households.
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Where the Jobs Are: Plantation's Major Employers
For Real Estate Agents, "jobs" means clients. Plantationâs economy is anchored by stable, large employers that create a steady stream of relocation and housing needs. Knowing who they are is a strategic advantage.
- Memorial Healthcare System (Memorial Hospital West): A massive employer in the heart of Plantation. Doctors, nurses, and medical staff are constantly moving for residencies and new positions. They are prime buyers for single-family homes in nearby neighborhoods like Sawgrass Plantation. Insider Tip: Network with the hospitalâs HR department for relo services.
- Broward County Public Schools: One of the largest school districts in the nation. Teachers and administrators are always looking for affordable homes. Focus on neighborhoods zoned for top-rated schools like Plantation Elementary.
- American Express: Their massive campus in nearby Fort Lauderdale (a short commute) employs thousands of professionals. These are high-income buyers looking for modern condos or homes in Plantation Acres with easy highway access.
- City of Plantation: The local government itself is a major employer. Fire, police, and administrative staff are deeply rooted in the community and often look to move within the city as their families grow.
- Multiple Insurance Giants: Plantation is part of the larger South Florida insurance hub, with major players like Assurant and Aon having large offices. These professionals are analytical and value-driven buyers.
- Retail & Hospitality: The Sawgrass Mills mall and surrounding shopping centers (like The Fountains at Plantation) employ thousands. While these jobs often pay less, they still represent a significant volume of first-time buyers and renters.
Hiring Trend Insight: The 10-year job growth of 3% is modest, but itâs stable. Unlike volatile markets, Plantationâs employment base is rooted in healthcare, education, and corporate servicesâsectors less prone to sharp downturns. This stability translates directly to a more predictable real estate market.
Getting Licensed in FL
The path to becoming a Real Estate Agent in Florida is regulated by the Florida Department of Business and Professional Regulation (DBPR). Itâs straightforward but requires commitment. Hereâs the step-by-step:
- Education (45 Hours): You must complete a state-approved 45-hour pre-licensing course. This can be done online or in-person. Expect to pay $150 - $300 for the course. The curriculum covers real estate principles, practices, and Florida-specific laws.
- State Exam: After completing the course, you apply to take the Florida Real Estate Sales Associate exam. The exam fee is $57.75. The exam is taken at a Pearson VUE testing center. You must score at least 75% to pass.
- Fingerprints & Background Check: Youâll need to submit fingerprints through a Florida-approved vendor. The fee is approximately $50 - $80.
- License Application: Once you pass the exam, you submit your full application to the DBPR. The application fee is $89.75. You must also be affiliated with a licensed Florida real estate broker.
- Post-Licensing Education: After obtaining your license, you must complete a 45-hour post-licensing course within the first 18 months.
Total Estimated Startup Cost: $350 - $550 (excluding your first year's association dues and MLS fees, which can add another $1,000+).
Timeline: A motivated individual can go from zero to licensed in 3-4 months. The biggest delay is often scheduling the exam and finding a broker.
Best Neighborhoods for Real Estate Agents
As a local, I donât just sell houses; I sell lifestyles. Plantation has distinct neighborhoods, each with its own character. As an agent, you should live where you can best understand your clients.
| Neighborhood | Vibe & Commute | Average 1BR Rent (Est.) | Best For Agent Type |
|---|---|---|---|
| Plantation Acres | Quiet, spacious lots, equestrian feel. 15 min to I-595, 25-30 min to Miami. | $1,700 - $1,900 | The specialist. Youâll master large properties, acreage, and luxury buyers. |
| Jacaranda Lakes | Central, family-friendly, beautiful lakes. 10 min to everything in Plantation. | $1,550 - $1,750 | The generalist. Perfect for young families, first-time buyers, and resale market. |
| Sawgrass Plantation | Newer, master-planned, golf course views. 10 min to Sawgrass Mills, 15 min to I-595. | $1,650 - $1,850 | The new-construction expert. Work with builders and relocation clients. |
| Downtown Plantation | Urban-suburban mix, walkable to shops and restaurants. Central to all highways. | $1,450 - $1,650 | The condo/townhome specialist. Targets young professionals and downsizers. |
| Plantation Isles | Older, established, affordable. Close to major employment hubs. | $1,300 - $1,500 | The entry-level investor. Great for rental properties and house hacking. |
Insider Tip: Many successful agents live in the neighborhoods they farm. If you live in Jacaranda Lakes, youâll naturally meet parents at the park, get invited to neighborhood events, and become the go-to expert. The $1,621 average rent might stretch your budget in prime Jacaranda, but living there is a marketing investment.
The Long Game: Career Growth
The 3% job growth for agents isnât a limit on your income; itâs a signal to specialize. In Plantation, generalists survive, but specialists thrive.
- Specialty Premiums: Moving into luxury properties (homes $800,000+ in Plantation Acres or near the golf course) can increase your commission per transaction significantly. Commercial real estate is another high-potential area, especially with retail and office spaces near the malls. Property management is a stable, recurring income stream.
- Advancement Paths: The traditional path is from solo agent to team leader. In Plantation, several top-producing teams are based here. Joining one can provide mentorship and leads. Another path is brokerage ownershipâstarting your own firm after building a strong book of business.
- 10-Year Outlook: With a 10-year job growth of 3%, the agent pool wonât flood. The key to growth will be technology adoption (virtual tours, digital marketing) and hyper-local expertise. The agents who will dominate in 10 years are those leveraging data to provide unmatched value, not just door-knockers. Plantationâs population of 96,537 is mature and growing slowly, meaning the market will reward agents who build deep community roots.
The Verdict: Is Plantation Right for You?
Pros and Cons for a Real Estate Agent
| Pros | Cons |
|---|---|
| Stable Market: Less volatility than Miami/Ft. Lauderdale core. | Moderate Growth: Not a "get rich quick" market; requires patience. |
| Strong Employer Base: Hospitals, schools, and corporations = steady demand. | High Cost of Living: Rent ($1,621) can squeeze a single agent's budget. |
| Diverse Housing Stock: From condos to luxury estates to acreage. | Competition: Well-established agents have deep local ties. |
| Great Lifestyle: Safe, family-oriented, with excellent amenities. | Traffic: Can be congested; proximity to I-595 is key. |
| Prime Location: Easy commute to Fort Lauderdale and Miami jobs. | Income Reliance: You're only as good as your last deal; feast-or-famine cycles. |
Final Recommendation:
Plantation is an excellent choice for a Real Estate Agent who values stability over speculation. Itâs ideal for someone with a $63,656+ potential income who is disciplined, can manage cash flow, and is willing to specialize in a niche. Itâs a long-game market. If youâre looking for explosive growth, look south to Miami. But if you want to build a sustainable, respected career with a great quality of life, Plantationâs $30.6/hour median and stable community are a strong foundation.
FAQs
1. How much does it really cost to start as an agent in Plantation?
Expect to spend $350 - $550 on licensing, plus your first yearâs MLS fees, association dues, and basic marketing ($1,000 - $1,500 total). Have at least 6 months of living expenses saved, as it takes time to get your first commission.
2. Can I make a living in Plantation if Iâm a new agent?
Yes, but you need a plan. The median of $63,656 is a goal, not a starting point. Focus on rentals and working with a team for your first 12-18 months. Live in an affordable neighborhood like Plantation Isles to keep costs low. The 3% job growth means you must be proactive, not passive.
3. Is it better to work in Plantation or the nearby big cities (Miami/Ft. Lauderdale)?
It depends on your personality. Plantation ($63,656 median) is less stressful and more community-focused. Miami offers higher transaction volumes but has higher costs and fiercer competition. Ft. Lauderdale is a middle ground. For a balanced lifestyle, Plantation wins.
4. Whatâs the biggest challenge for real estate agents here?
The cost of living. With rent at $1,621 and a median income of $63,656, personal budgeting is critical. The second challenge is establishing credibility in a market where clients often prefer agents with long-standing roots.
5. How do I choose a broker in Plantation?
Interview at least three. Ask about their training programs, commission splits, and office culture. Look for a broker who understands the local micro-markets (e.g., who knows the difference between Jacaranda Lakes and Sawgrass Plantation). The right broker can accelerate your path to the median income.
Sources: U.S. Bureau of Labor Statistics (BLS), Florida Department of Business and Professional Regulation (DBPR), Zillow Rent Data, U.S. Census Bureau, Broward County Economic Development.
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