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Occupational Employment and Wage Statistics
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Occupational Employment and Wages, May 2020

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: Top

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)
44,610 4.2 % $ 39.25 $ 81,630 3.8 %

Percentile wage estimates for Real Estate Brokers:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 12.24 $ 18.35 $ 29.02 $ 46.67 $ 83.71
Annual Wage (2) $ 25,460 $ 38,170 $ 60,370 $ 97,080 $ 174,120


Industry profile for Real Estate Brokers: Top

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 39,440 2.39 $ 39.31 $ 81,760
Management of Companies and Enterprises 700 0.03 $ 39.09 $ 81,300
Management, Scientific, and Technical Consulting Services 550 0.04 $ 38.45 $ 79,970
Residential Building Construction 530 0.07 (8) (8)
Nondepository Credit Intermediation 490 0.09 $ 34.18 $ 71,090

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 39,440 2.39 $ 39.31 $ 81,760
Land Subdivision 330 0.95 $ 36.97 $ 76,890
Nondepository Credit Intermediation 490 0.09 $ 34.18 $ 71,090
Residential Building Construction 530 0.07 (8) (8)
Management, Scientific, and Technical Consulting Services 550 0.04 $ 38.45 $ 79,970

Top paying industries for Real Estate Brokers:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Investment Pools and Funds (8) (8) $ 51.04 $ 106,160
Electric Power Generation, Transmission and Distribution 30 0.01 $ 43.66 $ 90,810
Nonresidential Building Construction 50 0.01 $ 42.58 $ 88,570
Real Estate 39,440 2.39 $ 39.31 $ 81,760
Management of Companies and Enterprises 700 0.03 $ 39.09 $ 81,300


Geographic profile for Real Estate Brokers: Top

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.





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 8,010 0.49 1.52 $ 45.10 $ 93,810
Colorado 3,920 1.52 4.74 $ 36.78 $ 76,500
Florida 2,790 0.33 1.03 $ 32.12 $ 66,820
North Carolina 2,480 0.58 1.80 $ 40.91 $ 85,100
Arizona 2,280 0.80 2.51 $ 38.57 $ 80,220




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 3,920 1.52 4.74 $ 36.78 $ 76,500
Arizona 2,280 0.80 2.51 $ 38.57 $ 80,220
Missouri 1,870 0.69 2.16 $ 22.33 $ 46,450
Utah 1,030 0.69 2.15 $ 26.36 $ 54,830
North Carolina 2,480 0.58 1.80 $ 40.91 $ 85,100




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 (8) (8) (8) $ 54.11 $ 112,550
New York 2,020 0.23 0.72 $ 53.42 $ 111,120
Massachusetts 1,050 0.31 0.98 $ 47.47 $ 98,730
New Mexico 60 0.08 0.23 $ 46.60 $ 96,920
Wisconsin 740 0.27 0.86 $ 45.62 $ 94,900





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 4,350 0.75 2.33 $ 37.73 $ 78,470
Denver-Aurora-Lakewood, CO 2,490 1.71 5.32 $ 30.58 $ 63,610
New York-Newark-Jersey City, NY-NJ-PA 1,990 0.23 0.70 $ 64.79 $ 134,770
Phoenix-Mesa-Scottsdale, AZ 1,940 0.92 2.86 $ 39.02 $ 81,160
Chicago-Naperville-Elgin, IL-IN-WI 1,570 0.36 1.12 $ 19.09 $ 39,710
Dallas-Fort Worth-Arlington, TX 980 0.27 0.85 (8) (8)
Charlotte-Concord-Gastonia, NC-SC 980 0.81 2.52 $ 51.10 $ 106,290
Washington-Arlington-Alexandria, DC-VA-MD-WV 910 0.30 0.94 $ 48.69 $ 101,280
Boston-Cambridge-Nashua, MA-NH 870 0.33 1.04 $ 49.52 $ 103,000
Miami-Fort Lauderdale-West Palm Beach, FL 800 0.32 1.00 $ 37.96 $ 78,950




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)
Bend-Redmond, OR 190 2.43 7.58 $ 31.63 $ 65,780
Springfield, MO 350 1.71 5.34 (8) (8)
Denver-Aurora-Lakewood, CO 2,490 1.71 5.32 $ 30.58 $ 63,610
Greeley, CO 130 1.24 3.87 $ 22.15 $ 46,070
Sebastian-Vero Beach, FL 60 1.22 3.79 (8) (8)
Asheville, NC 220 1.22 3.79 $ 39.62 $ 82,420
Fort Collins, CO 160 1.03 3.20 (8) (8)
Lewiston-Auburn, ME 50 1.02 3.17 $ 30.94 $ 64,350
Charleston-North Charleston, SC 340 0.98 3.07 $ 33.18 $ 69,020
Phoenix-Mesa-Scottsdale, AZ 1,940 0.92 2.86 $ 39.02 $ 81,160




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)
New York-Newark-Jersey City, NY-NJ-PA 1,990 0.23 0.70 $ 64.79 $ 134,770
Lake Havasu City-Kingman, AZ (8) (8) (8) $ 62.41 $ 129,820
San Jose-Sunnyvale-Santa Clara, CA 310 0.28 0.87 $ 56.01 $ 116,510
Bakersfield, CA 50 0.15 0.48 $ 55.77 $ 116,010
Portland-Vancouver-Hillsboro, OR-WA 580 0.51 1.60 $ 55.27 $ 114,960
Baltimore-Columbia-Towson, MD 120 0.09 0.29 $ 54.16 $ 112,660
Charlotte-Concord-Gastonia, NC-SC 980 0.81 2.52 $ 51.10 $ 106,290
Bremerton-Silverdale, WA (8) (8) (8) $ 49.83 $ 103,650
Boston-Cambridge-Nashua, MA-NH 870 0.33 1.04 $ 49.52 $ 103,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 910 0.30 0.94 $ 48.69 $ 101,280

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 170 2.26 7.04 $ 31.76 $ 66,060
Southeast Missouri nonmetropolitan area 140 0.87 2.70 (8) (8)
Southeast Coastal North Carolina nonmetropolitan area 90 0.38 1.17 (8) (8)
Southwest Missouri nonmetropolitan area 60 0.95 2.95 $ 28.78 $ 59,860
Eastern Sierra-Mother Lode Region of California nonmetropolitan area 30 0.59 1.83 (8) (8)

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 170 2.26 7.04 $ 31.76 $ 66,060
Southwest Missouri nonmetropolitan area 60 0.95 2.95 $ 28.78 $ 59,860
Southeast Missouri nonmetropolitan area 140 0.87 2.70 (8) (8)
Eastern Sierra-Mother Lode Region of California nonmetropolitan area 30 0.59 1.83 (8) (8)
Southeast Coastal North Carolina nonmetropolitan area 90 0.38 1.17 (8) (8)

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)
Southern Indiana nonmetropolitan area (8) (8) (8) $ 46.03 $ 95,740
South Central Wisconsin nonmetropolitan area (8) (8) (8) $ 32.15 $ 66,880
Eastern Utah nonmetropolitan area 170 2.26 7.04 $ 31.76 $ 66,060
Southwest Missouri nonmetropolitan area 60 0.95 2.95 $ 28.78 $ 59,860
Hawaii / Kauai nonmetropolitan area (8) (8) (8) $ 17.69 $ 36,790


About May 2020 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.

(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 2020 National Occupational Employment and Wage Estimates

May 2020 State Occupational Employment and Wage Estimates

May 2020 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2020 National Industry-Specific Occupational Employment and Wage Estimates

May 2020 Occupation Profiles

Technical Notes

 

Last Modified Date: March 31, 2021