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Occupational Employment and Wage Statistics

Occupational Employment and Wages, May 2022

41-9021 Real Estate Brokers

Operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.


National estimates for Real Estate Brokers
Industry profile for Real Estate Brokers
Geographic profile for Real Estate Brokers

National estimates for Real Estate Brokers:

Employment estimate and mean wage estimates for Real Estate Brokers:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
52,310 8.9 % $ 43.72 $ 90,930 12.6 %

Percentile wage estimates for Real Estate Brokers:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 17.48 $ 23.69 $ 29.90 $ 46.79 $ 83.18
Annual Wage (2) $ 36,360 $ 49,280 $ 62,190 $ 97,320 $ 173,000


Industry profile for Real Estate Brokers:

Industries with the highest published employment and wages for Real Estate Brokers are provided. For a list of all industries with employment in Real Estate Brokers, see the Create Customized Tables function.

Industries with the highest levels of employment in Real Estate Brokers:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Real Estate 48,060 2.70 $ 43.81 $ 91,120
Residential Building Construction 580 0.06 $ 37.22 $ 77,420
Management of Companies and Enterprises 490 0.02 $ 50.71 $ 105,480
Nondepository Credit Intermediation 480 0.08 (8) (8)
Legal Services 260 0.02 $ 27.10 $ 56,380

Industries with the highest concentration of employment in Real Estate Brokers:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Real Estate 48,060 2.70 $ 43.81 $ 91,120
Other Investment Pools and Funds 230 1.34 $ 45.37 $ 94,370
Land Subdivision 120 0.33 $ 51.87 $ 107,880
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) 50 0.23 $ 34.44 $ 71,640
Nondepository Credit Intermediation 480 0.08 (8) (8)

Top paying industries for Real Estate Brokers:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Credit Intermediation and Related Activities (5221 and 5223 only) 120 0.01 $ 55.10 $ 114,600
Land Subdivision 120 0.33 $ 51.87 $ 107,880
Management of Companies and Enterprises 490 0.02 $ 50.71 $ 105,480
Business, Professional, Labor, Political, and Similar Organizations 90 0.02 $ 47.60 $ 99,010
Employment Services 140 (7) $ 47.45 $ 98,700


Geographic profile for Real Estate Brokers:

States and areas with the highest published employment, location quotients, and wages for Real Estate Brokers are provided. For a list of all areas with employment in Real Estate Brokers, see the Create Customized Tables function.



Map of employment of real estate brokers by state, May 2022


States with the highest employment level in Real Estate Brokers:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
California 11,410 0.65 1.83 (8) (8)
Colorado 4,270 1.54 4.37 $ 43.96 $ 91,440
Florida 3,090 0.34 0.95 (8) (8)
North Carolina 2,980 0.64 1.81 $ 42.55 $ 88,510
New York 2,530 0.28 0.79 $ 66.92 $ 139,190


Map of location quotient of real estate brokers by state, May 2022


States with the highest concentration of jobs and location quotients in Real Estate Brokers:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Colorado 4,270 1.54 4.37 $ 43.96 $ 91,440
Maine 570 0.94 2.65 $ 41.68 $ 86,690
Alaska 250 0.80 2.27 $ 32.35 $ 67,280
Arizona 2,100 0.69 1.96 (8) (8)
California 11,410 0.65 1.83 (8) (8)


Map of annual mean wages of real estate brokers by state, May 2022


Top paying states for Real Estate Brokers:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
District of Columbia 260 0.37 1.05 $ 67.49 $ 140,390
New York 2,530 0.28 0.79 $ 66.92 $ 139,190
New Jersey (8) (8) (8) $ 53.64 $ 111,580
Nebraska (8) (8) (8) $ 51.21 $ 106,520
Massachusetts 1,170 0.33 0.93 $ 50.08 $ 104,170



Map of employment of real estate brokers by area, May 2022


Metropolitan areas with the highest employment level in Real Estate Brokers:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Los Angeles-Long Beach-Anaheim, CA 6,300 1.03 2.92 (8) (8)
New York-Newark-Jersey City, NY-NJ-PA 2,240 0.24 0.69 $ 70.49 $ 146,620
Phoenix-Mesa-Scottsdale, AZ 1,330 0.60 1.70 (8) (8)
Sacramento--Roseville--Arden-Arcade, CA 1,140 1.11 3.15 (8) (8)
Chicago-Naperville-Elgin, IL-IN-WI 1,100 0.25 0.70 $ 50.84 $ 105,750
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1,060 0.38 1.08 (8) (8)
Austin-Round Rock, TX 970 0.82 2.32 (8) (8)
Boston-Cambridge-Nashua, MA-NH 940 0.35 0.98 $ 52.86 $ 109,960
Detroit-Warren-Dearborn, MI 670 0.36 1.02 (8) (8)
Kansas City, MO-KS 620 0.59 1.68 $ 28.94 $ 60,200


Map of location quotient of real estate brokers by area, May 2022


Metropolitan areas with the highest concentration of jobs and location quotients in Real Estate Brokers:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Fort Collins, CO 510 3.00 8.47 $ 34.90 $ 72,590
Portland-South Portland, ME 420 2.06 5.82 $ 45.23 $ 94,080
Tucson, AZ 560 1.47 4.17 (8) (8)
Crestview-Fort Walton Beach-Destin, FL 160 1.36 3.83 $ 35.85 $ 74,560
Medford, OR 110 1.21 3.43 $ 37.20 $ 77,380
Charlottesville, VA 130 1.21 3.43 (8) (8)
Kahului-Wailuku-Lahaina, HI 90 1.21 3.42 $ 111.42 $ 231,750
Hilton Head Island-Bluffton-Beaufort, SC 90 1.19 3.36 $ 40.02 $ 83,230
Sacramento--Roseville--Arden-Arcade, CA 1,140 1.11 3.15 (8) (8)
Colorado Springs, CO 330 1.10 3.11 $ 36.30 $ 75,510


Map of annual mean wages of real estate brokers by area, May 2022


Top paying metropolitan areas for Real Estate Brokers:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Kahului-Wailuku-Lahaina, HI 90 1.21 3.42 $ 111.42 $ 231,750
Urban Honolulu, HI 210 0.49 1.39 $ 79.56 $ 165,490
New York-Newark-Jersey City, NY-NJ-PA 2,240 0.24 0.69 $ 70.49 $ 146,620
Columbia, SC (8) (8) (8) $ 67.59 $ 140,580
Port St. Lucie, FL (8) (8) (8) $ 66.47 $ 138,260
Greenville-Anderson-Mauldin, SC 250 0.61 1.72 $ 65.37 $ 135,980
Milwaukee-Waukesha-West Allis, WI 140 0.18 0.50 $ 61.56 $ 128,040
Spartanburg, SC 40 0.23 0.66 $ 60.72 $ 126,300
San Diego-Carlsbad, CA (8) (8) (8) $ 56.76 $ 118,070
Nashville-Davidson--Murfreesboro--Franklin, TN 330 0.32 0.91 $ 56.33 $ 117,170

Nonmetropolitan areas with the highest employment in Real Estate Brokers:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Eastern Utah nonmetropolitan area 190 2.29 6.46 (8) (8)
North Georgia nonmetropolitan area 180 0.98 2.76 (8) (8)
North Valley-Northern Mountains Region of California nonmetropolitan area 110 1.05 2.98 (8) (8)
Coast Oregon nonmetropolitan area 90 0.82 2.31 (8) (8)
South Central Wisconsin nonmetropolitan area 60 0.30 0.86 $ 42.77 $ 88,970

Nonmetropolitan areas with the highest concentration of jobs and location quotients in Real Estate Brokers:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Eastern Utah nonmetropolitan area 190 2.29 6.46 (8) (8)
North Valley-Northern Mountains Region of California nonmetropolitan area 110 1.05 2.98 (8) (8)
North Georgia nonmetropolitan area 180 0.98 2.76 (8) (8)
Coast Oregon nonmetropolitan area 90 0.82 2.31 (8) (8)
Eastern Oregon nonmetropolitan area 50 0.69 1.95 $ 31.92 $ 66,390

Top paying nonmetropolitan areas for Real Estate Brokers:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Northeast Coastal North Carolina nonmetropolitan area 60 0.64 1.81 $ 52.53 $ 109,250
Eastern New Mexico nonmetropolitan area (8) (8) (8) $ 49.54 $ 103,040
Northeast South Carolina nonmetropolitan area (8) (8) (8) $ 49.12 $ 102,170
Southwest Colorado nonmetropolitan area (8) (8) (8) $ 47.56 $ 98,920
South Central Wisconsin nonmetropolitan area 60 0.30 0.86 $ 42.77 $ 88,970


About May 2022 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors, all metropolitan and nonmetropolitan areas, and all states and the District of Columbia. The top employment and wage figures are provided above. The complete list is available in the downloadable XLS files.

The percentile wage estimate is the value of a wage below which a certain percent of workers fall. The median wage is the 50th percentile wage estimate—50 percent of workers earn less than the median and 50 percent of workers earn more than the median. More about percentile wages.


(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.

(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours; for those occupations where there is not an hourly wage published, the annual wage has been directly calculated from the reported survey data.

(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

(7) The value is less than .005 percent of industry employment.

(8) Estimate not released.

(9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration. A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average.


Other OEWS estimates and related information:

May 2022 National Occupational Employment and Wage Estimates

May 2022 State Occupational Employment and Wage Estimates

May 2022 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2022 National Industry-Specific Occupational Employment and Wage Estimates

May 2022 Occupation Profiles

Technical Notes

 

Last Modified Date: April 25, 2023