Occupational Employment and Wages, May 2016

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 this occupation
Industry profile for this occupation
Geographic profile for this occupation

National estimates for this occupation: Top

Employment estimate and mean wage estimates for this occupation:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
40,850 3.1 % $38.14 $79,340 2.9 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $11.72 $16.44 $27.30 $45.69 $78.01
Annual Wage (2) $24,370 $34,190 $56,790 $95,030 $162,260


Industry profile for this occupation: Top

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

Industries with the highest levels of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Offices of Real Estate Agents and Brokers 23,410 7.79 $39.82 $82,820
Activities Related to Real Estate 8,650 1.32 $34.53 $71,830
Lessors of Real Estate 4,340 0.75 $35.37 $73,570
Activities Related to Credit Intermediation 390 0.14 $42.00 $87,370
Management of Companies and Enterprises 380 0.02 $45.78 $95,220

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Offices of Real Estate Agents and Brokers 23,410 7.79 $39.82 $82,820
Activities Related to Real Estate 8,650 1.32 $34.53 $71,830
Land Subdivision 350 0.88 $41.46 $86,230
Lessors of Real Estate 4,340 0.75 $35.37 $73,570
Activities Related to Credit Intermediation 390 0.14 $42.00 $87,370

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Financial Investment Activities 50 0.01 $50.89 $105,850
Management of Companies and Enterprises 380 0.02 $45.78 $95,220
Depository Credit Intermediation 50 (7) $43.42 $90,310
Activities Related to Credit Intermediation 390 0.14 $42.00 $87,370
Land Subdivision 350 0.88 $41.46 $86,230


Geographic profile for this occupation: Top

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





States with the highest employment level in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
North Carolina 6,160 1.46 5.01 $28.13 $58,510
California 5,900 0.37 1.27 $42.36 $88,120
Florida 2,940 0.36 1.23 $41.28 $85,860
Texas 2,590 0.22 0.76 $38.52 $80,110
Illinois 2,330 0.40 1.36 $45.90 $95,470




States with the highest concentration of jobs and location quotients in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
North Carolina 6,160 1.46 5.01 $28.13 $58,510
Colorado 1,930 0.77 2.65 $26.73 $55,590
Arizona 1,670 0.63 2.16 $30.47 $63,390
Hawaii 330 0.53 1.81 $57.84 $120,310
Oregon 870 0.49 1.67 $34.27 $71,280




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New Hampshire 180 0.27 0.94 $62.20 $129,370
District of Columbia 200 0.28 0.96 $59.95 $124,710
Hawaii 330 0.53 1.81 $57.84 $120,310
New York 1,610 0.18 0.61 $56.24 $116,980
Ohio 690 0.13 0.45 $56.08 $116,640





Metropolitan areas with the highest employment level in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 1,990 0.47 1.62 $34.88 $72,540
Charlotte-Concord-Gastonia, NC-SC 1,970 1.70 5.83 $32.67 $67,960
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 1,630 0.45 1.54 $43.90 $91,300
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 1,330 0.20 0.70 $57.97 $120,570
Phoenix-Mesa-Scottsdale, AZ 1,240 0.64 2.21 $31.16 $64,810
Raleigh, NC 1,100 1.86 6.38 $27.79 $57,800
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 1,040 0.42 1.43 $46.78 $97,290
San Diego-Carlsbad, CA 970 0.70 2.41 $38.18 $79,400
Houston-The Woodlands-Sugar Land, TX 870 0.30 1.02 $42.56 $88,520
Boston-Cambridge-Newton, MA NECTA Division 830 0.46 1.58 $58.77 $122,230




Metropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Bend-Redmond, OR 170 2.29 7.88 $22.85 $47,530
Jacksonville, NC 100 2.19 7.53 $25.44 $52,910
Raleigh, NC 1,100 1.86 6.38 $27.79 $57,800
Charlotte-Concord-Gastonia, NC-SC 1,970 1.70 5.83 $32.67 $67,960
Fayetteville, NC 210 1.64 5.64 $21.93 $45,600
Wilmington, NC 200 1.63 5.59 $33.34 $69,340
Greensboro-High Point, NC 530 1.47 5.06 $28.31 $58,880
Asheville, NC 260 1.38 4.75 $24.52 $51,000
Durham-Chapel Hill, NC 380 1.29 4.42 $30.26 $62,930
Prescott, AZ 70 1.24 4.27 $19.34 $40,240




Top paying metropolitan areas for this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Sacramento--Roseville--Arden-Arcade, CA 150 0.16 0.56 $75.37 $156,780
Urban Honolulu, HI 220 0.47 1.61 $74.71 $155,400
Manchester, NH (8) (8) (8) $72.59 $150,980
Hartford-West Hartford-East Hartford, CT 40 0.07 0.25 $70.54 $146,730
Orlando-Kissimmee-Sanford, FL 550 0.47 1.62 $60.45 $125,730
Bloomington, IL (8) (8) (8) $60.09 $124,980
Boston-Cambridge-Newton, MA NECTA Division 830 0.46 1.58 $58.77 $122,230
Columbus, OH 250 0.24 0.83 $58.73 $122,170
Salisbury, MD-DE 30 0.22 0.77 $58.70 $122,090
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 1,330 0.20 0.70 $57.97 $120,570

Nonmetropolitan areas with the highest employment in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Southeast Coastal North Carolina nonmetropolitan area 220 0.88 3.04 $16.97 $35,300
Piedmont North Carolina nonmetropolitan area 180 0.72 2.48 $19.78 $41,150
Northeast Coastal North Carolina nonmetropolitan area 180 1.88 6.47 $29.32 $60,990
Mountain North Carolina nonmetropolitan area 150 1.19 4.10 $29.35 $61,040
Northwest Colorado nonmetropolitan area 110 0.96 3.29 (8) (8)

Nonmetropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Northeast Coastal North Carolina nonmetropolitan area 180 1.88 6.47 $29.32 $60,990
Mountain North Carolina nonmetropolitan area 150 1.19 4.10 $29.35 $61,040
Northwest Colorado nonmetropolitan area 110 0.96 3.29 (8) (8)
Panhandle of Idaho nonmetropolitan area 40 0.90 3.10 $14.48 $30,110
Southeast Coastal North Carolina nonmetropolitan area 220 0.88 3.04 $16.97 $35,300

Top paying nonmetropolitan areas for this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Arizona nonmetropolitan area (8) (8) (8) $33.23 $69,120
Mountain North Carolina nonmetropolitan area 150 1.19 4.10 $29.35 $61,040
Northeast Coastal North Carolina nonmetropolitan area 180 1.88 6.47 $29.32 $60,990
Southwest Colorado nonmetropolitan area 70 0.78 2.67 $28.46 $59,200
Central Oregon nonmetropolitan area (8) (8) (8) $26.01 $54,100


About May 2016 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 OES estimates and related information:

May 2016 National Occupational Employment and Wage Estimates

May 2016 State Occupational Employment and Wage Estimates

May 2016 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2016 National Industry-Specific Occupational Employment and Wage Estimates

May 2016 Occupation Profiles

Technical Notes

 

Last Modified Date: March 31, 2017