Occupational Employment and Wages, May 2014

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)
38,720 2.9 % $38.66 $80,420 2.6 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $11.48 $15.83 $27.58 $47.95 $85.95
Annual Wage (2) $23,880 $32,920 $57,360 $99,740 $178,770


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 22,220 7.81 $40.46 $84,150
Activities Related to Real Estate 7,630 1.24 $32.53 $67,660
Lessors of Real Estate 3,980 0.70 $37.29 $77,570
Management of Companies and Enterprises 420 0.02 $35.68 $74,210
Land Subdivision 420 1.02 (8) (8)

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 22,220 7.81 $40.46 $84,150
Activities Related to Real Estate 7,630 1.24 $32.53 $67,660
Land Subdivision 420 1.02 (8) (8)
Lessors of Real Estate 3,980 0.70 $37.29 $77,570
Activities Related to Credit Intermediation 410 0.14 $38.42 $79,910

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Nondepository Credit Intermediation 380 0.06 $51.06 $106,200
Business, Professional, Labor, Political, and Similar Organizations 280 0.06 $48.47 $100,830
Residential Building Construction 160 0.03 $47.68 $99,180
Offices of Real Estate Agents and Brokers 22,220 7.81 $40.46 $84,150
Activities Related to Credit Intermediation 410 0.14 $38.42 $79,910


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 5,740 1.42 4.97 $27.03 $56,210
California 5,150 0.34 1.19 $42.89 $89,210
Florida 3,140 0.41 1.43 $36.55 $76,030
Texas 2,520 0.22 0.78 $52.49 $109,170
Illinois 2,140 0.37 1.29 $43.60 $90,700



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 5,740 1.42 4.97 $27.03 $56,210
Arizona 1,710 0.68 2.36 (8) (8)
Hawaii 380 0.63 2.18 $55.65 $115,740
District of Columbia 420 0.62 2.18 (8) (8)
Colorado 1,230 0.52 1.81 $39.22 $81,580



Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Pennsylvania 1,020 0.18 0.63 $57.84 $120,300
New York 1,650 0.19 0.66 $57.14 $118,840
Massachusetts 860 0.26 0.90 $56.60 $117,730
Hawaii 380 0.63 2.18 $55.65 $115,740
New Jersey 450 0.12 0.41 $53.48 $111,240




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-Gastonia-Rock Hill, NC-SC 1,680 1.84 6.44 $30.80 $64,060
Chicago-Joliet-Naperville, IL Metropolitan Division 1,670 0.45 1.55 $47.43 $98,660
New York-White Plains-Wayne, NY-NJ Metropolitan Division 1,270 0.24 0.82 $56.08 $116,640
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 1,260 0.31 1.08 $48.11 $100,060
Phoenix-Mesa-Glendale, AZ 1,190 0.65 2.27 (8) (8)
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 1,190 0.80 2.80 $46.78 $97,300
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 1,120 0.47 1.64 $39.18 $81,500
Raleigh-Cary, NC 870 1.60 5.57 $27.57 $57,340
Houston-Sugar Land-Baytown, TX 780 0.28 0.96 $56.32 $117,140
Denver-Aurora-Broomfield, CO 700 0.53 1.85 $40.15 $83,510



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)
Wilmington, NC 310 2.17 7.57 $27.20 $56,580
Charlotte-Gastonia-Rock Hill, NC-SC 1,680 1.84 6.44 $30.80 $64,060
Crestview-Fort Walton Beach-Destin, FL 140 1.83 6.40 (8) (8)
Jacksonville, NC 80 1.76 6.15 $20.08 $41,760
Raleigh-Cary, NC 870 1.60 5.57 $27.57 $57,340
Durham-Chapel Hill, NC 440 1.55 5.39 $29.05 $60,420
Winston-Salem, NC 320 1.54 5.39 $24.66 $51,300
Fayetteville, NC 180 1.47 5.11 $18.48 $38,450
Greensboro-High Point, NC 500 1.41 4.93 $21.37 $44,450
Greenville, NC 110 1.39 4.86 $16.68 $34,690



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)
Nassau-Suffolk, NY Metropolitan Division 240 0.19 0.65 $83.09 $172,830
Honolulu, HI 230 0.51 1.76 $72.67 $151,150
Bethesda-Rockville-Frederick, MD Metropolitan Division 240 0.42 1.46 $64.81 $134,800
Boston-Cambridge-Quincy, MA NECTA Division 610 0.34 1.19 $60.84 $126,560
Las Vegas-Paradise, NV 260 0.30 1.05 $57.87 $120,370
Philadelphia, PA Metropolitan Division 660 0.35 1.23 $57.53 $119,660
Ocean City, NJ 40 1.00 3.50 $56.43 $117,370
Houston-Sugar Land-Baytown, TX 780 0.28 0.96 $56.32 $117,140
Austin-Round Rock-San Marcos, TX (8) (8) (8) $56.11 $116,700
New York-White Plains-Wayne, NY-NJ Metropolitan Division 1,270 0.24 0.82 $56.08 $116,640

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)
Other North Carolina nonmetropolitan area 300 0.99 3.46 $20.12 $41,840
Western Central North Carolina nonmetropolitan area 180 0.72 2.51 $20.63 $42,910
Northeastern North Carolina nonmetropolitan area 160 0.91 3.16 $37.53 $78,050
Hawaii / Maui / Kauai nonmetropolitan area 160 0.95 3.33 $30.98 $64,450
Western North Carolina nonmetropolitan area 150 0.79 2.75 $21.60 $44,930

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)
Other North Carolina nonmetropolitan area 300 0.99 3.46 $20.12 $41,840
Hawaii / Maui / Kauai nonmetropolitan area 160 0.95 3.33 $30.98 $64,450
Low Country South Carolina nonmetropolitan area 100 0.91 3.18 (8) (8)
Northeastern North Carolina nonmetropolitan area 160 0.91 3.16 $37.53 $78,050
Western North Carolina nonmetropolitan area 150 0.79 2.75 $21.60 $44,930

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)
Northern Mountains Region of California nonmetropolitan area 40 0.63 2.21 $49.72 $103,420
Capital/Northern New York nonmetropolitan area (8) (8) (8) $47.84 $99,510
Northeastern North Carolina nonmetropolitan area 160 0.91 3.16 $37.53 $78,050
Western Colorado nonmetropolitan area 60 0.56 1.94 $35.49 $73,830
Southwest Alabama nonmetropolitan area (8) (8) (8) $34.84 $72,460


About May 2014 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 mean 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 2014 National Occupational Employment and Wage Estimates

May 2014 State Occupational Employment and Wage Estimates

May 2014 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2014 National Industry-Specific Occupational Employment and Wage Estimates

May 2014 Occupation Profiles

Technical Notes

 

Last Modified Date: March 25, 2015