Average Real Estate Agent Salary in Cook Islands for 2024

In this article, we will look at the average Real Estate Agent salary for 2024 in Cook Islands and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the New Zealand dollar. To keep things simple, we are using the NZD currency code instead of the currency symbol $.

How Much Does a Real Estate Agent Make in Cook Islands?

A Real Estate Agent working in Cook Islands will typically earn around 47,760 NZD per year, and this can range from the lowest average salary of about 19,980 NZD to the highest average salary of 72,540 NZD.

Average Annual Salary
47,760 NZD
Average Monthly Salary
3,980 NZD

Lowest Annual Salary
19,980 NZD
Lowest Monthly Salary
1,665 NZD

Highest Annual Salary
72,540 NZD
Highest Monthly Salary
6,045 NZD

These are average salaries for a Real Estate Agent in Cook Islands and include benefits such as housing and transport. It's also possible for a Real Estate Agent to earn more or less than the average salaries shown above.

Real Estate Agent salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Real Estate Agent Salaries in Cook Islands

So we've looked at the average salaries a Real Estate Agent will earn in Cook Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Real Estate Agent can earn between 19,980 NZD and 72,540 NZD on average in Cook Islands. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Real Estate Agent in Cook Islands is 51,080 NZD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 51,080 NZD, and 50% of the population earn more than 51,080 NZD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Real Estate Agent salary in Cook Islands, 25% of the population are earning less than 34,080 NZD while 75% of the population earn more than 34,080 NZD.

75% of the population earn less than 67,900 NZD, and 25% of the population earn more than 67,900 NZD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Real Estate Agent Salary by Experience Level in Cook Islands

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average real estate agent salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Real Estate Agent in Cook Islands that has less than two years of experience can expect to earn somewhere in the region of 23,260 NZD.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate Agent salary would increase to 31,520 NZD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate Agent, the average salary would be 47,400 NZD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 58,860 NZD.
  • 15 - 20 Years Experience. A Real Estate Agent with 15 to 20 years of experience can earn an average of 64,640 NZD.
  • 20+ Years Experience. For a Real Estate Agent with more than 20 years, the expected average salary increases to 67,320 NZD.

Average Salary by Experience Chart

0-2 Years
23,260 NZD
2-5 Years +34%
31,520 NZD
5-10 Years +48%
47,400 NZD
10-15 Years +22%
58,860 NZD
15-20 Years +9%
64,640 NZD
20+ Years +8%
67,320 NZD

Real Estate Agent Salary by Education Level in Cook Islands

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Real Estate Agent in Cook Islands based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Real Estate Agent in Cook Islands with a high school education can earn an average salary of 27,620 NZD.

  • Certificate or Diploma. A Real Estate Agent in Cook Islands with a certificate or diploma education can earn an average salary of 45,060 NZD.

  • Bachelor's Degree. A Real Estate Agent in Cook Islands with a bachelor's degree education can earn an average salary of 71,280 NZD.

Average Salary by Education Chart

High School
27,620 NZD
Certificate or Diploma +57%
45,060 NZD
Bachelor's Degree +68%
71,280 NZD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Cook Islands is around 23,500 to 70,600 NZD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Real Estate Agent Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Cook Islands, a male real estate agent will earn an average of 50,340 NZD, while a female real estate agent will earn around 44,180 NZD.

This means that a male real estate agent earns approximately 14% more than a female real estate agent for performing the same job.

Average Salary by Gender Chart in Cook Islands

Male
50,340 NZD
Female -14%
44,180 NZD

Real Estate Agent Average Pay Raise in Cook Islands

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Real Estate Agent in Cook Islands is around 6% every 29 months.

The national average pay raise across all professions and industries in Cook Islands is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 6 ÷ 29 ) × 12  = 2%

What this means is that a Real Estate Agent in Cook Islands can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Cook Islands for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Cook Islands.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Real Estate Agent Bonus and Incentive Rates in Cook Islands

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Real Estate Agent is a moderate bonus based job, with 66% of employees reporting at least one bonus in the last 12 months.

34% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 9%.

Received Bonus
66%
No Bonus
34%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Cook Islands earn approximately 15% more than private sector employees in the same role.

Public Sector
58,000 NZD
Private Sector -15%
50,560 NZD

Salaries for Jobs Similar to a Real Estate Agent

In the table below, we have salary information for jobs that are similar to a Real Estate Agent in Cook Islands.

Job Title Category Salary
Acquisition Associate Real Estate 48,200 NZD
Assistant Leasing Manager Real Estate 60,600 NZD
Assistant Property Manager Real Estate 61,580 NZD
Brokerage Real Estate 48,740 NZD
Brokerage Clerk Real Estate 23,260 NZD
Commercial Leasing Manager Real Estate 93,600 NZD
Commercial Real Estate Manager Real Estate 104,060 NZD
Community Development Manager Real Estate 86,640 NZD
Compliance Specialist Real Estate 45,720 NZD
Development Coordinator Real Estate 43,760 NZD
Director of Real Estate Real Estate 100,580 NZD
Lease Administrator Real Estate 60,160 NZD
Leasing Agent Real Estate 50,080 NZD
Leasing Consultant Real Estate 57,820 NZD
Leasing Manager Real Estate 67,560 NZD
Lettings Assistant Real Estate 21,980 NZD
Portfolio Analyst Real Estate 78,620 NZD
Portfolio Manager Real Estate 114,380 NZD
Property Acquisition Agent Real Estate 41,660 NZD
Property and Claims Specialist Real Estate 57,620 NZD
Property Manager Real Estate 68,400 NZD
Property Operations Manager Real Estate 91,840 NZD
Property Tax Assistant Real Estate 43,760 NZD
Real Estate Administrator Real Estate 52,300 NZD
Real Estate Analyst Real Estate 66,000 NZD
Real Estate Appraiser Real Estate 49,300 NZD
Real Estate Appraiser Real Estate 50,020 NZD
Real Estate Appraiser Real Estate 50,240 NZD
Real Estate Assistant Real Estate 44,540 NZD
Real Estate Association Manager Real Estate 67,900 NZD
Real Estate Broker Real Estate 47,120 NZD
Real Estate General Manager Real Estate 91,520 NZD
Real Estate Project Director Real Estate 88,480 NZD
Real Estate Project Manager Real Estate 84,560 NZD
Real Estate Sales Agent Real Estate 48,920 NZD
Real Estate Valuer Real Estate 52,460 NZD
Research Analyst Real Estate 44,540 NZD
Residential Advisor Real Estate 56,460 NZD
Residential Property Manager Real Estate 69,240 NZD
Shopping Center Manager Real Estate 103,260 NZD
Town Planner Real Estate 96,180 NZD

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