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Occupational Employment Statistics
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Occupational Employment and Wages, May 2019

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)
42,730 4.0 % $39.16 $81,450 3.6 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $11.35 $17.28 $28.71 $46.05 $85.93
Annual Wage (2) $23,600 $35,940 $59,720 $95,790 $178,720


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)
Real Estate 37,580 2.25 $39.02 $81,160
Management of Companies and Enterprises 660 0.03 $40.54 $84,330
Management, Scientific, and Technical Consulting Services 560 0.04 $39.50 $82,160
Residential Building Construction 500 0.06 (8) (8)
Credit Intermediation and Related Activities (5221 And 5223 only) 470 0.02 $43.17 $89,790

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Real Estate 37,580 2.25 $39.02 $81,160
Land Subdivision 430 1.13 (8) (8)
Nondepository Credit Intermediation 320 0.06 $32.30 $67,190
Residential Building Construction 500 0.06 (8) (8)
Oil and Gas Extraction 90 0.06 $38.56 $80,200

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Nonresidential Building Construction 40 (7) $46.97 $97,710
Credit Intermediation and Related Activities (5221 And 5223 only) 470 0.02 $43.17 $89,790
Insurance Carriers 170 0.01 $41.50 $86,310
Management of Companies and Enterprises 660 0.03 $40.54 $84,330
Management, Scientific, and Technical Consulting Services 560 0.04 $39.50 $82,160


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)
California 6,320 0.36 1.25 $50.06 $104,120
Colorado 3,940 1.47 5.06 $35.24 $73,290
Florida 3,160 0.36 1.24 $28.63 $59,550
Arizona 2,520 0.88 3.02 $34.78 $72,350
North Carolina 2,370 0.53 1.83 $40.75 $84,770




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)
Colorado 3,940 1.47 5.06 $35.24 $73,290
Arizona 2,520 0.88 3.02 $34.78 $72,350
Missouri 1,930 0.68 2.35 $26.41 $54,920
Oregon 1,230 0.65 2.22 $38.95 $81,020
South Carolina 1,160 0.55 1.89 $34.42 $71,600




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New Mexico 80 0.10 0.34 $54.26 $112,860
Massachusetts 920 0.25 0.87 $52.47 $109,140
California 6,320 0.36 1.25 $50.06 $104,120
New York 2,240 0.24 0.81 $48.05 $99,930
District of Columbia 190 0.26 0.91 $46.96 $97,680





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-Anaheim, CA 2,990 0.48 1.65 $42.09 $87,550
Denver-Aurora-Lakewood, CO 2,410 1.59 5.47 $29.80 $61,990
New York-Newark-Jersey City, NY-NJ-PA 2,220 0.23 0.79 $57.79 $120,210
Phoenix-Mesa-Scottsdale, AZ 2,170 1.02 3.52 $36.25 $75,390
Chicago-Naperville-Elgin, IL-IN-WI 1,860 0.40 1.36 $22.15 $46,070
Washington-Arlington-Alexandria, DC-VA-MD-WV 1,080 0.34 1.17 $39.39 $81,930
San Francisco-Oakland-Hayward, CA 1,050 0.42 1.46 (8) (8)
Charlotte-Concord-Gastonia, NC-SC 870 0.70 2.41 $53.05 $110,350
Dallas-Fort Worth-Arlington, TX 860 0.23 0.81 $28.56 $59,410
Miami-Fort Lauderdale-West Palm Beach, FL 840 0.32 1.09 $29.34 $61,020




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 210 2.53 8.69 $28.31 $58,880
Springfield, MO 430 2.07 7.13 (8) (8)
Boulder, CO 330 1.80 6.18 (8) (8)
Denver-Aurora-Lakewood, CO 2,410 1.59 5.47 $29.80 $61,990
Sebastian-Vero Beach, FL 60 1.10 3.79 (8) (8)
Greeley, CO 120 1.09 3.74 $21.48 $44,670
Charleston-North Charleston, SC 390 1.08 3.70 $32.02 $66,600
Phoenix-Mesa-Scottsdale, AZ 2,170 1.02 3.52 $36.25 $75,390
Asheville, NC 200 1.01 3.48 $38.02 $79,090
Fort Collins, CO 160 0.97 3.34 (8) (8)




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)
New York-Newark-Jersey City, NY-NJ-PA 2,220 0.23 0.79 $57.79 $120,210
Indianapolis-Carmel-Anderson, IN (8) (8) (8) $56.81 $118,170
Boston-Cambridge-Nashua, MA-NH 780 0.28 0.96 $56.12 $116,740
Green Bay, WI 30 0.18 0.61 $55.08 $114,570
Lake Havasu City-Kingman, AZ (8) (8) (8) $53.44 $111,160
Charlotte-Concord-Gastonia, NC-SC 870 0.70 2.41 $53.05 $110,350
Pittsburgh, PA (8) (8) (8) $50.79 $105,640
Urban Honolulu, HI (8) (8) (8) $50.62 $105,290
Bremerton-Silverdale, WA (8) (8) (8) $48.25 $100,360
San Jose-Sunnyvale-Santa Clara, CA 320 0.28 0.96 $47.83 $99,500

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)
Central Missouri nonmetropolitan area 130 0.81 2.78 (8) (8)
Southwest Missouri nonmetropolitan area 110 1.46 5.00 $25.08 $52,160
South Central Wisconsin nonmetropolitan area 90 0.43 1.49 $30.07 $62,540
Mountain North Carolina nonmetropolitan area 80 0.65 2.22 $13.61 $28,300
Southwest Montana nonmetropolitan area 80 0.59 2.04 (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)
Southwest Missouri nonmetropolitan area 110 1.46 5.00 $25.08 $52,160
Northeast Lower Peninsula of Michigan nonmetropolitan area 80 1.05 3.63 (8) (8)
Eastern Utah nonmetropolitan area 70 0.89 3.07 $36.75 $76,440
Central Missouri nonmetropolitan area 130 0.81 2.78 (8) (8)
Mountain North Carolina nonmetropolitan area 80 0.65 2.22 $13.61 $28,300

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)
Northeast Coastal North Carolina nonmetropolitan area (8) (8) (8) $37.95 $78,930
Eastern Utah nonmetropolitan area 70 0.89 3.07 $36.75 $76,440
South Central Wisconsin nonmetropolitan area 90 0.43 1.49 $30.07 $62,540
Southern Vermont nonmetropolitan area 50 0.47 1.61 $28.97 $60,260
Southwest Colorado nonmetropolitan area (8) (8) (8) $26.25 $54,600


About May 2019 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 2019 National Occupational Employment and Wage Estimates

May 2019 State Occupational Employment and Wage Estimates

May 2019 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2019 National Industry-Specific Occupational Employment and Wage Estimates

May 2019 Occupation Profiles

Technical Notes

 

Last Modified Date: July 6, 2020