Can A Real Estate Agent Afford Rent in Southampton, NY?
Rent-burdened — rent takes 280.6% of gross income.
Southampton rent: April 2020. Salary: BLS OEWS May 2024 (New York state estimate).
About rent and a real estate agent salary
Real estate agent pay is commission-driven and varies widely with local market conditions. The BLS mean averages high and low producers. At the national-average agent salary, the 30% rule supports about $1,640 a month in rent — though successful agents in active markets earn well above this.
Cheaper rent nearby
These New York cities have lower median rent than Southampton, which improves the affordability math on a real estate agent salary:
Compare with full rent data for Southampton
View full rent data for Southampton, NY →Frequently asked questions
Can a real estate agent afford rent in Southampton, NY?
Median rent in Southampton is $17,483 a month. A typical real estate agent in New York earns about $74,761 a year, which makes that rent 280.6% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.
How much rent can a real estate agent afford in Southampton?
Using the 30% rule, a real estate agent salary in New York (~$74,761/yr) supports up to $1,869 a month in rent. Southampton's current median rent is $17,483/mo, which is $15,614/mo over the affordability threshold.
How many hours does a real estate agent work to cover rent in Southampton?
At an hourly equivalent of about $36 an hour, a real estate agent in New York works roughly 486.4 hours a month to cover Southampton's median rent of $17,483.
Where is rent cheaper than Southampton for a real estate agent?
Nearby New York cities with lower median rent include Hampton Bays ($16,499/mo), Southold ($16,250/mo), Hampton Bays ($13,103/mo). Each shifts the affordability math materially on a real estate agent salary.