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Occupational Employment and Wage Statistics
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Occupational Employment and Wages, May 2021

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)
48,460 6.9 % $ 41.58 $ 86,490 4.5 %

Percentile wage estimates for Real Estate Brokers:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 14.65 $ 20.64 $ 29.81 $ 48.56 $ 84.65
Annual Wage (2) $ 30,470 $ 42,920 $ 62,010 $ 101,000 $ 176,080


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:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Real Estate 44,310 2.65 $ 41.80 $ 86,940
Management, Scientific, and Technical Consulting Services 680 0.04 $ 42.38 $ 88,140
Management of Companies and Enterprises 460 0.02 $ 36.38 $ 75,670
Residential Building Construction 460 0.05 $ 50.25 $ 104,510
Nondepository Credit Intermediation 310 0.05 (8) (8)

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 44,310 2.65 $ 41.80 $ 86,940
Other Investment Pools and Funds 120 0.92 $ 50.46 $ 104,960
Land Subdivision 170 0.52 $ 29.10 $ 60,530
Residential Building Construction 460 0.05 $ 50.25 $ 104,510
Nondepository Credit Intermediation 310 0.05 (8) (8)

Top paying industries for Real Estate Brokers:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Investment Pools and Funds 120 0.92 $ 50.46 $ 104,960
Residential Building Construction 460 0.05 $ 50.25 $ 104,510
Agencies, Brokerages, and Other Insurance Related Activities 180 0.01 $ 46.63 $ 96,990
Credit Intermediation and Related Activities (5221 and 5223 only) 290 0.01 $ 43.87 $ 91,240
Management, Scientific, and Technical Consulting Services 680 0.04 $ 42.38 $ 88,140


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.



Map of employment of real estate brokers by state, May 2021


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 9,280 0.56 1.63 $ 56.65 $ 117,820
Florida 5,530 0.64 1.87 (8) (8)
New York 4,060 0.47 1.36 $ 40.75 $ 84,760
Colorado 3,700 1.41 4.10 $ 40.10 $ 83,410
Texas 2,550 0.21 0.61 (8) (8)


Map of location quotient of real estate brokers by state, May 2021


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 3,700 1.41 4.10 $ 40.10 $ 83,410
Oregon 1,290 0.71 2.06 $ 49.40 $ 102,750
Florida 5,530 0.64 1.87 (8) (8)
Hawaii 350 0.63 1.84 $ 55.91 $ 116,290
Maine 370 0.63 1.82 (8) (8)


Map of annual mean wages of real estate brokers by state, May 2021


Top paying states for Real Estate Brokers:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Nebraska 310 0.32 0.93 $ 71.55 $ 148,820
California 9,280 0.56 1.63 $ 56.65 $ 117,820
Hawaii 350 0.63 1.84 $ 55.91 $ 116,290
District of Columbia 370 0.56 1.61 $ 54.16 $ 112,650
Montana 230 0.49 1.44 $ 50.02 $ 104,030



Map of employment of real estate brokers by area, May 2021


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)
New York-Newark-Jersey City, NY-NJ-PA 3,670 0.42 1.23 (8) (8)
San Francisco-Oakland-Hayward, CA 2,440 1.09 3.16 $ 59.10 $ 122,930
Los Angeles-Long Beach-Anaheim, CA 2,260 0.40 1.15 (8) (8)
Denver-Aurora-Lakewood, CO 2,010 1.37 3.99 $ 38.47 $ 80,020
San Diego-Carlsbad, CA 1,880 1.35 3.93 (8) (8)
Washington-Arlington-Alexandria, DC-VA-MD-WV 1,320 0.45 1.31 $ 46.18 $ 96,050
Minneapolis-St. Paul-Bloomington, MN-WI 1,240 0.68 1.97 $ 35.26 $ 73,330
Chicago-Naperville-Elgin, IL-IN-WI 1,140 0.27 0.78 $ 26.42 $ 54,960
Dallas-Fort Worth-Arlington, TX 1,000 0.28 0.81 (8) (8)
Phoenix-Mesa-Scottsdale, AZ 790 0.37 1.08 $ 43.64 $ 90,780


Map of location quotient of real estate brokers by area, May 2021


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)
Fort Collins, CO 460 2.86 8.33 $ 33.15 $ 68,950
Deltona-Daytona Beach-Ormond Beach, FL 440 2.24 6.52 $ 32.61 $ 67,820
Denver-Aurora-Lakewood, CO 2,010 1.37 3.99 $ 38.47 $ 80,020
San Diego-Carlsbad, CA 1,880 1.35 3.93 (8) (8)
Kahului-Wailuku-Lahaina, HI 80 1.28 3.71 $ 64.33 $ 133,810
Corvallis, OR 40 1.23 3.57 $ 38.46 $ 80,000
Medford, OR 100 1.19 3.45 (8) (8)
Eugene, OR 170 1.14 3.32 (8) (8)
San Francisco-Oakland-Hayward, CA 2,440 1.09 3.16 $ 59.10 $ 122,930
Greeley, CO 90 0.91 2.63 $ 33.98 $ 70,680


Map of annual mean wages of real estate brokers by area, May 2021


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)
Hartford-West Hartford-East Hartford, CT (8) (8) (8) $ 73.30 $ 152,460
Kahului-Wailuku-Lahaina, HI 80 1.28 3.71 $ 64.33 $ 133,810
Santa Cruz-Watsonville, CA (8) (8) (8) $ 63.62 $ 132,320
Santa Rosa, CA 120 0.60 1.76 $ 60.14 $ 125,080
Urban Honolulu, HI 180 0.45 1.31 $ 59.56 $ 123,880
Baltimore-Columbia-Towson, MD 330 0.26 0.76 $ 59.52 $ 123,790
San Francisco-Oakland-Hayward, CA 2,440 1.09 3.16 $ 59.10 $ 122,930
Fresno, CA (8) (8) (8) $ 55.11 $ 114,630
Vallejo-Fairfield, CA 50 0.41 1.18 $ 54.35 $ 113,050
Bakersfield, CA 70 0.23 0.67 $ 52.39 $ 108,980

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)
Northwest Colorado nonmetropolitan area 390 3.34 9.70 (8) (8)
Southwest Colorado nonmetropolitan area 130 1.35 3.92 $ 34.10 $ 70,940
Coast Oregon nonmetropolitan area 90 0.81 2.35 $ 21.67 $ 45,070
Hawaii / Kauai nonmetropolitan area 90 0.97 2.83 $ 39.68 $ 82,540
Southwest Montana nonmetropolitan area 80 0.59 1.73 (8) (8)

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)
Northwest Colorado nonmetropolitan area 390 3.34 9.70 (8) (8)
Southwest Colorado nonmetropolitan area 130 1.35 3.92 $ 34.10 $ 70,940
Central Oregon nonmetropolitan area 60 1.05 3.04 $ 34.67 $ 72,100
Eastern Utah nonmetropolitan area 80 1.01 2.95 $ 25.46 $ 52,960
Hawaii / Kauai nonmetropolitan area 90 0.97 2.83 $ 39.68 $ 82,540

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)
Northeast Maine nonmetropolitan area (8) (8) (8) $ 56.16 $ 116,820
Northeast Lower Peninsula of Michigan nonmetropolitan area 30 0.49 1.42 $ 47.99 $ 99,810
Eastern Oregon nonmetropolitan area 50 0.66 1.92 $ 42.93 $ 89,290
Eastern New Mexico nonmetropolitan area 50 0.33 0.96 $ 41.55 $ 86,420
Hawaii / Kauai nonmetropolitan area 90 0.97 2.83 $ 39.68 $ 82,540


About May 2021 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 2021 National Occupational Employment and Wage Estimates

May 2021 State Occupational Employment and Wage Estimates

May 2021 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2021 National Industry-Specific Occupational Employment and Wage Estimates

May 2021 Occupation Profiles

Technical Notes

 

Last Modified Date: March 31, 2022