Occupational Employment and Wage Statistics
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Occupational Employment and Wages, May 2020
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 Real Estate Brokers
Industry profile for Real Estate Brokers
Geographic profile for Real Estate Brokers
National estimates for Real Estate Brokers:
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) |
| 44,610 |
4.2 % |
$ 39.25 |
$ 81,630 |
3.8 % |
Percentile wage estimates for Real Estate Brokers:
| Percentile |
10% |
25% |
50%
(Median) |
75% |
90% |
| Hourly Wage |
$ 12.24 |
$ 18.35 |
$ 29.02 |
$ 46.67 |
$ 83.71 |
| Annual Wage (2) |
$ 25,460 |
$ 38,170 |
$ 60,370 |
$ 97,080 |
$ 174,120 |
Industry profile for Real Estate Brokers:
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:
Industries with the highest concentration of employment in Real Estate Brokers:
Top paying industries for Real Estate Brokers:
Geographic profile for Real Estate Brokers:
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) |
| California |
8,010 |
0.49 |
1.52 |
$ 45.10 |
$ 93,810 |
| Colorado |
3,920 |
1.52 |
4.74 |
$ 36.78 |
$ 76,500 |
| Florida |
2,790 |
0.33 |
1.03 |
$ 32.12 |
$ 66,820 |
| North Carolina |
2,480 |
0.58 |
1.80 |
$ 40.91 |
$ 85,100 |
| Arizona |
2,280 |
0.80 |
2.51 |
$ 38.57 |
$ 80,220 |
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 |
3,920 |
1.52 |
4.74 |
$ 36.78 |
$ 76,500 |
| Arizona |
2,280 |
0.80 |
2.51 |
$ 38.57 |
$ 80,220 |
| Missouri |
1,870 |
0.69 |
2.16 |
$ 22.33 |
$ 46,450 |
| Utah |
1,030 |
0.69 |
2.15 |
$ 26.36 |
$ 54,830 |
| North Carolina |
2,480 |
0.58 |
1.80 |
$ 40.91 |
$ 85,100 |
Top paying states for Real Estate Brokers:
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) |
| Los Angeles-Long Beach-Anaheim, CA |
4,350 |
0.75 |
2.33 |
$ 37.73 |
$ 78,470 |
| Denver-Aurora-Lakewood, CO |
2,490 |
1.71 |
5.32 |
$ 30.58 |
$ 63,610 |
| New York-Newark-Jersey City, NY-NJ-PA |
1,990 |
0.23 |
0.70 |
$ 64.79 |
$ 134,770 |
| Phoenix-Mesa-Scottsdale, AZ |
1,940 |
0.92 |
2.86 |
$ 39.02 |
$ 81,160 |
| Chicago-Naperville-Elgin, IL-IN-WI |
1,570 |
0.36 |
1.12 |
$ 19.09 |
$ 39,710 |
| Dallas-Fort Worth-Arlington, TX |
980 |
0.27 |
0.85 |
(8) |
(8) |
| Charlotte-Concord-Gastonia, NC-SC |
980 |
0.81 |
2.52 |
$ 51.10 |
$ 106,290 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV |
910 |
0.30 |
0.94 |
$ 48.69 |
$ 101,280 |
| Boston-Cambridge-Nashua, MA-NH |
870 |
0.33 |
1.04 |
$ 49.52 |
$ 103,000 |
| Miami-Fort Lauderdale-West Palm Beach, FL |
800 |
0.32 |
1.00 |
$ 37.96 |
$ 78,950 |
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) |
| Bend-Redmond, OR |
190 |
2.43 |
7.58 |
$ 31.63 |
$ 65,780 |
| Springfield, MO |
350 |
1.71 |
5.34 |
(8) |
(8) |
| Denver-Aurora-Lakewood, CO |
2,490 |
1.71 |
5.32 |
$ 30.58 |
$ 63,610 |
| Greeley, CO |
130 |
1.24 |
3.87 |
$ 22.15 |
$ 46,070 |
| Sebastian-Vero Beach, FL |
60 |
1.22 |
3.79 |
(8) |
(8) |
| Asheville, NC |
220 |
1.22 |
3.79 |
$ 39.62 |
$ 82,420 |
| Fort Collins, CO |
160 |
1.03 |
3.20 |
(8) |
(8) |
| Lewiston-Auburn, ME |
50 |
1.02 |
3.17 |
$ 30.94 |
$ 64,350 |
| Charleston-North Charleston, SC |
340 |
0.98 |
3.07 |
$ 33.18 |
$ 69,020 |
| Phoenix-Mesa-Scottsdale, AZ |
1,940 |
0.92 |
2.86 |
$ 39.02 |
$ 81,160 |
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) |
| New York-Newark-Jersey City, NY-NJ-PA |
1,990 |
0.23 |
0.70 |
$ 64.79 |
$ 134,770 |
| Lake Havasu City-Kingman, AZ |
(8) |
(8) |
(8) |
$ 62.41 |
$ 129,820 |
| San Jose-Sunnyvale-Santa Clara, CA |
310 |
0.28 |
0.87 |
$ 56.01 |
$ 116,510 |
| Bakersfield, CA |
50 |
0.15 |
0.48 |
$ 55.77 |
$ 116,010 |
| Portland-Vancouver-Hillsboro, OR-WA |
580 |
0.51 |
1.60 |
$ 55.27 |
$ 114,960 |
| Baltimore-Columbia-Towson, MD |
120 |
0.09 |
0.29 |
$ 54.16 |
$ 112,660 |
| Charlotte-Concord-Gastonia, NC-SC |
980 |
0.81 |
2.52 |
$ 51.10 |
$ 106,290 |
| Bremerton-Silverdale, WA |
(8) |
(8) |
(8) |
$ 49.83 |
$ 103,650 |
| Boston-Cambridge-Nashua, MA-NH |
870 |
0.33 |
1.04 |
$ 49.52 |
$ 103,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV |
910 |
0.30 |
0.94 |
$ 48.69 |
$ 101,280 |
Nonmetropolitan areas with the highest employment in Real Estate Brokers:
Nonmetropolitan areas with the highest concentration of jobs and location quotients in Real Estate Brokers:
Top paying nonmetropolitan areas for Real Estate Brokers:
About May 2020 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 OEWS estimates and related information:
May 2020 National Occupational Employment and Wage Estimates
May 2020 State Occupational Employment and Wage Estimates
May 2020 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates
May 2020 National Industry-Specific Occupational Employment and Wage Estimates
May 2020 Occupation Profiles
Technical Notes
Last Modified Date: March 31, 2021
United States Department of Labor
