Occupational Employment and Wages, May 2015

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)
38,810 2.8 % $38.56 $80,210 2.8 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $11.25 $15.85 $27.34 $47.63 $80.26
Annual Wage (2) $23,400 $32,970 $56,860 $99,080 $166,940


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 22,580 7.80 $40.50 $84,230
Activities Related to Real Estate 8,020 1.26 $34.71 $72,200
Lessors of Real Estate 3,790 0.65 $35.37 $73,570
Business, Professional, Labor, Political, and Similar Organizations 570 0.13 $35.46 $73,760
Activities Related to Credit Intermediation 380 0.13 $39.66 $82,500

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 22,580 7.80 $40.50 $84,230
Activities Related to Real Estate 8,020 1.26 $34.71 $72,200
Land Subdivision 360 0.88 $43.69 $90,880
Lessors of Real Estate 3,790 0.65 $35.37 $73,570
Business, Professional, Labor, Political, and Similar Organizations 570 0.13 $35.46 $73,760

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Land Subdivision 360 0.88 $43.69 $90,880
Residential Building Construction 150 0.02 $42.91 $89,250
Offices of Real Estate Agents and Brokers 22,580 7.80 $40.50 $84,230
Activities Related to Credit Intermediation 380 0.13 $39.66 $82,500
Management of Companies and Enterprises 320 0.01 $39.09 $81,320


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 6,020 1.46 5.19 $28.85 $60,010
California 5,040 0.33 1.16 $42.05 $87,470
Florida 2,840 0.36 1.27 $42.05 $87,460
Illinois 2,460 0.42 1.49 $37.96 $78,950
Texas 2,430 0.21 0.75 $51.02 $106,120



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 6,020 1.46 5.19 $28.85 $60,010
Arizona 1,870 0.72 2.56 $32.04 $66,640
Colorado 1,600 0.65 2.31 $34.92 $72,640
Hawaii 340 0.55 1.95 $57.03 $118,630
South Carolina 870 0.45 1.59 $34.02 $70,760



Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
District of Columbia 150 0.22 0.77 $71.51 $148,730
New Hampshire 190 0.30 1.08 $63.75 $132,600
Nevada 330 0.27 0.95 $58.39 $121,440
Ohio 790 0.15 0.53 $57.54 $119,680
Hawaii 340 0.55 1.95 $57.03 $118,630




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)
Charlotte-Concord-Gastonia, NC-SC 1,920 1.73 6.13 $33.59 $69,870
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 1,890 0.53 1.88 $38.44 $79,950
Phoenix-Mesa-Scottsdale, AZ 1,430 0.76 2.71 $32.71 $68,030
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 1,430 0.22 0.78 $50.12 $104,240
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 1,400 0.34 1.21 $39.75 $82,670
Raleigh, NC 960 1.71 6.06 $29.24 $60,830
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 910 0.37 1.33 $45.36 $94,340
Denver-Aurora-Lakewood, CO 880 0.64 2.28 $33.01 $68,650
Dallas-Plano-Irving, TX Metropolitan Division 840 0.36 1.28 $64.35 $133,840
Houston-The Woodlands-Sugar Land, TX 800 0.27 0.98 $51.39 $106,890



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)
Hilton Head Island-Bluffton-Beaufort, SC 210 2.95 10.48 (8) (8)
Jacksonville, NC 90 2.00 7.10 $24.18 $50,290
Wilmington, NC 230 1.91 6.80 $31.37 $65,260
Charlotte-Concord-Gastonia, NC-SC 1,920 1.73 6.13 $33.59 $69,870
Raleigh, NC 960 1.71 6.06 $29.24 $60,830
Fayetteville, NC 200 1.64 5.82 $19.68 $40,930
Kahului-Wailuku-Lahaina, HI 120 1.61 5.72 $31.29 $65,080
Durham-Chapel Hill, NC 450 1.57 5.59 $28.31 $58,890
Greensboro-High Point, NC 520 1.48 5.24 $22.78 $47,380
Asheville, NC 230 1.30 4.61 $31.71 $65,960



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)
Tacoma-Lakewood, WA Metropolitan Division (8) (8) (8) $95.77 $199,210
Urban Honolulu, HI 180 0.39 1.39 $79.75 $165,870
Cincinnati, OH-KY-IN 80 0.07 0.26 $73.93 $153,780
Atlantic City-Hammonton, NJ (8) (8) (8) $71.43 $148,570
Manchester, NH (8) (8) (8) $71.30 $148,300
Sacramento--Roseville--Arden-Arcade, CA 180 0.21 0.74 $69.32 $144,180
Dallas-Plano-Irving, TX Metropolitan Division 840 0.36 1.28 $64.35 $133,840
Milwaukee-Waukesha-West Allis, WI 160 0.20 0.70 $63.87 $132,850
Bloomington, IL (8) (8) (8) $63.54 $132,160
Nassau County-Suffolk County, NY Metropolitan Division 150 0.11 0.40 $63.24 $131,540

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 0.92 3.27 $19.98 $41,550
Piedmont North Carolina nonmetropolitan area 210 0.85 3.02 $21.05 $43,790
Northwest Colorado nonmetropolitan area 190 1.62 5.77 (8) (8)
Mountain North Carolina nonmetropolitan area 140 1.14 4.04 $28.02 $58,280
Northeast Coastal North Carolina nonmetropolitan area 130 1.34 4.74 $42.88 $89,200

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)
Northwest Colorado nonmetropolitan area 190 1.62 5.77 (8) (8)
Northeast Coastal North Carolina nonmetropolitan area 130 1.34 4.74 $42.88 $89,200
Mountain North Carolina nonmetropolitan area 140 1.14 4.04 $28.02 $58,280
Southeast Coastal North Carolina nonmetropolitan area 220 0.92 3.27 $19.98 $41,550
Piedmont North Carolina nonmetropolitan area 210 0.85 3.02 $21.05 $43,790

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)
Northeast Coastal North Carolina nonmetropolitan area 130 1.34 4.74 $42.88 $89,200
Hawaii / Maui / Kauai nonmetropolitan area (8) (8) (8) $34.30 $71,340
Hill Country Region of Texas nonmetropolitan area 30 0.16 0.57 $31.84 $66,230
Southwest Colorado nonmetropolitan area 70 0.75 2.66 $30.16 $62,720
Mountain North Carolina nonmetropolitan area 140 1.14 4.04 $28.02 $58,280


About May 2015 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 OES estimates and related information:

May 2015 National Occupational Employment and Wage Estimates

May 2015 State Occupational Employment and Wage Estimates

May 2015 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2015 National Industry-Specific Occupational Employment and Wage Estimates

May 2015 Occupation Profiles

Technical Notes

 

Last Modified Date: March 30, 2016