Real Estate Paralegal Salary
Experience matters for paralegals. Those with one year of experience can make from $20,000 to $30,000 annually. More experienced paralegals can make upwards of $50,000 to $70,000 a year. Some paralegal positions earn a six-figure salary. Most do not.
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What is a Real Estate Paralegal?
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Real estate paralegals work in all sectors, from corporate legal departments to small, medium and large law firms. They typically work for attorneys who have years of experience in the field of real estate law and deal with both residential and commercial properties. Real estate paralegal salaries are typically a little higher than most other kinds, because of the high level of expertise required to assist an attorney with land and property, estate and foreclosure deals and transactions.
Paralegal Salary Comparisons
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According to the U.S. Labor Department, jobs for paralegals are expected to grow 20 percent or more per year through 2014. Salaries for real estate paralegals range from $40,000 to more than $75,000 a year, depending on location, education and experience. Paralegals who work in high-tech areas, such as engineering and intellectual property, are also paid well.
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Cost-of-Living Indicators
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Real estate paralegals in New York City are typically paid more than paralegals in Atlanta because the cost-of-living index is higher in New York. For instance, if a typical starting salary was $40,000 in Atlanta, in New York you would need $66,000-plus per year to maintain the same standard of living. The cost of living in New York is 65.5 percent higher.
Training Costs
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The cost of training to be a paralegal can be as low as $3,000 and as high as $15,000, on average. Do your research before attending a paralegal school to decide if the investment is worth it to you.
Job Stability
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According to the Paralegal Institute of Washington, D.C., there are more than a million attorneys in the United States and close to 250,000 paralegals. Given future job prospects, the field is very stable and will continue to be so for many years.
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