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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.
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) |
---|---|---|---|---|
51,350 | 12.9 % | $ 41.41 | $ 86,130 | 9.5 % |
Percentile wage estimates for Real Estate Brokers:
Percentile | 10% | 25% | 50% (Median) |
75% | 90% |
---|---|---|---|---|---|
Hourly Wage | $ 17.54 | $ 22.69 | $ 30.32 | $ 47.15 | $ 77.39 |
Annual Wage (2) | $ 36,490 | $ 47,200 | $ 63,060 | $ 98,060 | $ 160,980 |
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 | 46,320 | 2.56 | $ 41.68 | $ 86,700 |
Residential Building Construction | 610 | 0.07 | $ 40.14 | $ 83,490 |
Management of Companies and Enterprises | 520 | 0.02 | $ 48.74 | $ 101,380 |
Credit Intermediation and Related Activities (5221 and 5223 only) | 470 | 0.02 | $ 36.92 | $ 76,800 |
Management, Scientific, and Technical Consulting Services | 410 | 0.02 | $ 37.22 | $ 77,420 |
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 | 46,320 | 2.56 | $ 41.68 | $ 86,700 |
Other Investment Pools and Funds | 110 | 0.57 | $ 49.62 | $ 103,200 |
Land Subdivision | 90 | 0.27 | $ 61.02 | $ 126,920 |
Residential Building Construction | 610 | 0.07 | $ 40.14 | $ 83,490 |
Nondepository Credit Intermediation | 230 | 0.04 | (8) | (8) |
Top paying industries for Real Estate Brokers:
Industry | Employment (1) | Percent of industry employment | Hourly mean wage | Annual mean wage (2) |
---|---|---|---|---|
Land Subdivision | 90 | 0.27 | $ 61.02 | $ 126,920 |
Business, Professional, Labor, Political, and Similar Organizations | (8) | (8) | $ 51.90 | $ 107,950 |
Other Investment Pools and Funds | 110 | 0.57 | $ 49.62 | $ 103,200 |
Management of Companies and Enterprises | 520 | 0.02 | $ 48.74 | $ 101,380 |
Oil and Gas Extraction | 40 | 0.03 | $ 41.95 | $ 87,260 |
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) |
---|---|---|---|---|---|
Colorado | 4,520 | 1.60 | 4.72 | (8) | (8) |
Florida | 4,260 | 0.45 | 1.32 | $ 42.29 | $ 87,970 |
North Carolina | 3,870 | 0.81 | 2.39 | $ 43.97 | $ 91,460 |
Georgia | 3,620 | 0.76 | 2.25 | (8) | (8) |
Texas | 3,050 | 0.22 | 0.67 | (8) | (8) |
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 | 4,520 | 1.60 | 4.72 | (8) | (8) |
Nebraska | 990 | 0.99 | 2.93 | (8) | (8) |
Oregon | 1,800 | 0.93 | 2.74 | $ 36.07 | $ 75,020 |
Maine | 570 | 0.91 | 2.69 | $ 38.07 | $ 79,190 |
North Carolina | 3,870 | 0.81 | 2.39 | $ 43.97 | $ 91,460 |
Top paying states for Real Estate Brokers:
State | Employment (1) | Employment per thousand jobs | Location quotient (9) | Hourly mean wage | Annual mean wage (2) |
---|---|---|---|---|---|
Rhode Island | (8) | (8) | (8) | $ 95.08 | $ 197,760 |
New York | 1,280 | 0.14 | 0.40 | $ 73.59 | $ 153,070 |
Massachusetts | 1,310 | 0.36 | 1.07 | $ 61.45 | $ 127,810 |
New Jersey | 490 | 0.12 | 0.34 | $ 54.04 | $ 112,390 |
Connecticut | 70 | 0.04 | 0.12 | $ 49.82 | $ 103,620 |
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) |
---|---|---|---|---|---|
Phoenix-Mesa-Scottsdale, AZ | 1,820 | 0.79 | 2.35 | $ 32.33 | $ 67,240 |
Charlotte-Concord-Gastonia, NC-SC | 1,800 | 1.37 | 4.06 | $ 43.68 | $ 90,860 |
Riverside-San Bernardino-Ontario, CA | 1,390 | 0.84 | 2.47 | $ 40.79 | $ 84,840 |
Portland-Vancouver-Hillsboro, OR-WA | 1,230 | 1.02 | 3.02 | $ 37.67 | $ 78,350 |
New York-Newark-Jersey City, NY-NJ-PA | 1,200 | 0.13 | 0.37 | $ 80.16 | $ 166,730 |
Boston-Cambridge-Nashua, MA-NH | 1,160 | 0.42 | 1.24 | $ 63.68 | $ 132,440 |
St. Louis, MO-IL | 1,130 | 0.85 | 2.52 | $ 27.01 | $ 56,180 |
Omaha-Council Bluffs, NE-IA | 670 | 1.37 | 4.06 | (8) | (8) |
Orlando-Kissimmee-Sanford, FL | 600 | 0.44 | 1.29 | $ 39.11 | $ 81,350 |
Minneapolis-St. Paul-Bloomington, MN-WI | 580 | 0.31 | 0.90 | $ 38.32 | $ 79,710 |
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) |
---|---|---|---|---|---|
Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 420 | 2.32 | 6.87 | $ 52.63 | $ 109,480 |
Brunswick, GA | 60 | 1.46 | 4.32 | (8) | (8) |
Portland-South Portland, ME | 300 | 1.46 | 4.31 | $ 43.48 | $ 90,430 |
Omaha-Council Bluffs, NE-IA | 670 | 1.37 | 4.06 | (8) | (8) |
Charlotte-Concord-Gastonia, NC-SC | 1,800 | 1.37 | 4.06 | $ 43.68 | $ 90,860 |
Lincoln, NE | 240 | 1.36 | 4.02 | (8) | (8) |
Ocean City, NJ | 50 | 1.36 | 4.01 | $ 43.17 | $ 89,790 |
Greenville-Anderson-Mauldin, SC | 500 | 1.19 | 3.53 | (8) | (8) |
Wilmington, NC | 160 | 1.13 | 3.36 | $ 37.19 | $ 77,360 |
Lewiston-Auburn, ME | 50 | 1.11 | 3.27 | $ 28.55 | $ 59,380 |
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 | (8) | (8) | (8) | $ 90.43 | $ 188,090 |
New York-Newark-Jersey City, NY-NJ-PA | 1,200 | 0.13 | 0.37 | $ 80.16 | $ 166,730 |
Hilton Head Island-Bluffton-Beaufort, SC | (8) | (8) | (8) | $ 75.49 | $ 157,020 |
Boston-Cambridge-Nashua, MA-NH | 1,160 | 0.42 | 1.24 | $ 63.68 | $ 132,440 |
Milwaukee-Waukesha-West Allis, WI | (8) | (8) | (8) | $ 58.96 | $ 122,630 |
San Jose-Sunnyvale-Santa Clara, CA | (8) | (8) | (8) | $ 53.10 | $ 110,450 |
Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 420 | 2.32 | 6.87 | $ 52.63 | $ 109,480 |
Santa Rosa, CA | 80 | 0.38 | 1.13 | $ 51.37 | $ 106,850 |
Indianapolis-Carmel-Anderson, IN | (8) | (8) | (8) | $ 51.05 | $ 106,190 |
Miami-Fort Lauderdale-West Palm Beach, FL | (8) | (8) | (8) | $ 49.52 | $ 102,990 |
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) |
---|---|---|---|---|---|
North Georgia nonmetropolitan area | 200 | 1.03 | 3.06 | (8) | (8) |
Hill Country Region of Texas nonmetropolitan area | 140 | 0.70 | 2.06 | (8) | (8) |
South Georgia nonmetropolitan area | 120 | 0.64 | 1.88 | $ 35.02 | $ 72,840 |
Coast Oregon nonmetropolitan area | 120 | 1.02 | 3.01 | $ 23.04 | $ 47,920 |
Southwest Montana nonmetropolitan area | 90 | 0.62 | 1.82 | $ 33.99 | $ 70,700 |
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) |
---|---|---|---|---|---|
North Georgia nonmetropolitan area | 200 | 1.03 | 3.06 | (8) | (8) |
Coast Oregon nonmetropolitan area | 120 | 1.02 | 3.01 | $ 23.04 | $ 47,920 |
Northeast Maine nonmetropolitan area | 60 | 0.94 | 2.78 | $ 32.48 | $ 67,560 |
Northwestern Wisconsin nonmetropolitan area | 40 | 0.75 | 2.22 | $ 30.66 | $ 63,770 |
Hill Country Region of Texas nonmetropolitan area | 140 | 0.70 | 2.06 | (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 Vermont nonmetropolitan area | (8) | (8) | (8) | $ 49.85 | $ 103,680 |
Eastern New Mexico nonmetropolitan area | (8) | (8) | (8) | $ 49.13 | $ 102,190 |
Middle Georgia nonmetropolitan area | (8) | (8) | (8) | $ 42.31 | $ 88,000 |
Northwest Iowa nonmetropolitan area | 80 | 0.59 | 1.74 | $ 41.80 | $ 86,930 |
Arizona nonmetropolitan area | (8) | (8) | (8) | $ 40.09 | $ 83,390 |
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 2023 National Occupational Employment and Wage Estimates
May 2023 State Occupational Employment and Wage Estimates
May 2023 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates
May 2023 National Industry-Specific Occupational Employment and Wage Estimates
Last Modified Date: April 3, 2024