For real estate agents, it doesn’t get better than Honolulu, which WalletHub just named the single best city to be an agent in.
For its “2017 Best Places to Be a Real Estate Agent” list, compared factors like sales per agent, annual media wages for agents, housing market health, and more throughout 150 of the biggest U.S. cities. Honolulu took the top spot with a total score of 60.76. According to the rankings, the city was also No. 1 for “job opportunity and competition.”
Close behind was Seattle, with a total score of 60.57, and Denver, with a score of 58.3. Rounding out the top 10 were Boston; Aurora, Colorado; Madison, Wisconsin; Reno, Nevada; San Francisco; Irvine, California; and Austin.
“’Location, location, location’ might be the most hackneyed expression in the real-estate profession, but the principle applies just as much to realtors as it does to their clients,” the WalletHub report stated. “After all, success in the industry hinges on both an agent’s work ethic and area of operation.”
The highest sales per agent were found in Knoxville and Chattanooga, Tennessee and Modesto, Santa Rosa, and Oxnard, California, while the highest annual median wages were in Bakersfield, California; Montgomery, Alabama; Indianapolis, Indiana; Honolulu; New York City; and Newark, New Jersey.
The worst places to be an agent? WalletHub’s list put Jackson, Mississippi dead last on its list. The city was No. 150 in market health and No. 128 in opportunity and competition. Shreveport, Louisiana, and Fayetteville, North Carolina, were also low on the list.
The overall lowest sales per agent were seen in New York City and Yonkers, New York; Newark and Jersey City, New Jersey; and Houston, and lowest wages per agent were in Jacksonville, Florida; Memphis and Knoxville, Tennessee; Wichita, Kansas; and Laredo, Texas.
Market-wise, Texas came in tops, with three cities—Plano, Dallas, and Irving—in the top 5 for overall market health. Honolulu and Aurora, Colorado, also made the list. The least healthy markets were Shreveport, Louisiana; Miami; Columbus, Georgia; Birmingham, Alabama; and Jackson, Mississippi.