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Occupational Employment and Wage Statistics

Occupational Employment and Wages, May 2023

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)
51,350 12.9 % $ 41.41 $ 86,130 9.5 %

Percentile wage estimates for Real Estate Brokers:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 17.54 $ 22.69 $ 30.32 $ 47.15 $ 77.39
Annual Wage (2) $ 36,490 $ 47,200 $ 63,060 $ 98,060 $ 160,980


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 46,320 2.56 $ 41.68 $ 86,700
Residential Building Construction 610 0.07 $ 40.14 $ 83,490
Management of Companies and Enterprises 520 0.02 $ 48.74 $ 101,380
Credit Intermediation and Related Activities (5221 and 5223 only) 470 0.02 $ 36.92 $ 76,800
Management, Scientific, and Technical Consulting Services 410 0.02 $ 37.22 $ 77,420

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 46,320 2.56 $ 41.68 $ 86,700
Other Investment Pools and Funds 110 0.57 $ 49.62 $ 103,200
Land Subdivision 90 0.27 $ 61.02 $ 126,920
Residential Building Construction 610 0.07 $ 40.14 $ 83,490
Nondepository Credit Intermediation 230 0.04 (8) (8)

Top paying industries for Real Estate Brokers:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Land Subdivision 90 0.27 $ 61.02 $ 126,920
Business, Professional, Labor, Political, and Similar Organizations (8) (8) $ 51.90 $ 107,950
Other Investment Pools and Funds 110 0.57 $ 49.62 $ 103,200
Management of Companies and Enterprises 520 0.02 $ 48.74 $ 101,380
Oil and Gas Extraction 40 0.03 $ 41.95 $ 87,260


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 2023


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)
Colorado 4,520 1.60 4.72 (8) (8)
Florida 4,260 0.45 1.32 $ 42.29 $ 87,970
North Carolina 3,870 0.81 2.39 $ 43.97 $ 91,460
Georgia 3,620 0.76 2.25 (8) (8)
Texas 3,050 0.22 0.67 (8) (8)


Map of location quotient of real estate brokers by state, May 2023


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 4,520 1.60 4.72 (8) (8)
Nebraska 990 0.99 2.93 (8) (8)
Oregon 1,800 0.93 2.74 $ 36.07 $ 75,020
Maine 570 0.91 2.69 $ 38.07 $ 79,190
North Carolina 3,870 0.81 2.39 $ 43.97 $ 91,460


Map of annual mean wages of real estate brokers by state, May 2023


Top paying states for Real Estate Brokers:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Rhode Island (8) (8) (8) $ 95.08 $ 197,760
New York 1,280 0.14 0.40 $ 73.59 $ 153,070
Massachusetts 1,310 0.36 1.07 $ 61.45 $ 127,810
New Jersey 490 0.12 0.34 $ 54.04 $ 112,390
Connecticut 70 0.04 0.12 $ 49.82 $ 103,620



Map of employment of real estate brokers by area, May 2023


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)
Phoenix-Mesa-Scottsdale, AZ 1,820 0.79 2.35 $ 32.33 $ 67,240
Charlotte-Concord-Gastonia, NC-SC 1,800 1.37 4.06 $ 43.68 $ 90,860
Riverside-San Bernardino-Ontario, CA 1,390 0.84 2.47 $ 40.79 $ 84,840
Portland-Vancouver-Hillsboro, OR-WA 1,230 1.02 3.02 $ 37.67 $ 78,350
New York-Newark-Jersey City, NY-NJ-PA 1,200 0.13 0.37 $ 80.16 $ 166,730
Boston-Cambridge-Nashua, MA-NH 1,160 0.42 1.24 $ 63.68 $ 132,440
St. Louis, MO-IL 1,130 0.85 2.52 $ 27.01 $ 56,180
Omaha-Council Bluffs, NE-IA 670 1.37 4.06 (8) (8)
Orlando-Kissimmee-Sanford, FL 600 0.44 1.29 $ 39.11 $ 81,350
Minneapolis-St. Paul-Bloomington, MN-WI 580 0.31 0.90 $ 38.32 $ 79,710


Map of location quotient of real estate brokers by area, May 2023


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)
Myrtle Beach-Conway-North Myrtle Beach, SC-NC 420 2.32 6.87 $ 52.63 $ 109,480
Brunswick, GA 60 1.46 4.32 (8) (8)
Portland-South Portland, ME 300 1.46 4.31 $ 43.48 $ 90,430
Omaha-Council Bluffs, NE-IA 670 1.37 4.06 (8) (8)
Charlotte-Concord-Gastonia, NC-SC 1,800 1.37 4.06 $ 43.68 $ 90,860
Lincoln, NE 240 1.36 4.02 (8) (8)
Ocean City, NJ 50 1.36 4.01 $ 43.17 $ 89,790
Greenville-Anderson-Mauldin, SC 500 1.19 3.53 (8) (8)
Wilmington, NC 160 1.13 3.36 $ 37.19 $ 77,360
Lewiston-Auburn, ME 50 1.11 3.27 $ 28.55 $ 59,380


Map of annual mean wages of real estate brokers by area, May 2023


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)
Kahului-Wailuku-Lahaina, HI (8) (8) (8) $ 90.43 $ 188,090
New York-Newark-Jersey City, NY-NJ-PA 1,200 0.13 0.37 $ 80.16 $ 166,730
Hilton Head Island-Bluffton-Beaufort, SC (8) (8) (8) $ 75.49 $ 157,020
Boston-Cambridge-Nashua, MA-NH 1,160 0.42 1.24 $ 63.68 $ 132,440
Milwaukee-Waukesha-West Allis, WI (8) (8) (8) $ 58.96 $ 122,630
San Jose-Sunnyvale-Santa Clara, CA (8) (8) (8) $ 53.10 $ 110,450
Myrtle Beach-Conway-North Myrtle Beach, SC-NC 420 2.32 6.87 $ 52.63 $ 109,480
Santa Rosa, CA 80 0.38 1.13 $ 51.37 $ 106,850
Indianapolis-Carmel-Anderson, IN (8) (8) (8) $ 51.05 $ 106,190
Miami-Fort Lauderdale-West Palm Beach, FL (8) (8) (8) $ 49.52 $ 102,990

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)
North Georgia nonmetropolitan area 200 1.03 3.06 (8) (8)
Hill Country Region of Texas nonmetropolitan area 140 0.70 2.06 (8) (8)
South Georgia nonmetropolitan area 120 0.64 1.88 $ 35.02 $ 72,840
Coast Oregon nonmetropolitan area 120 1.02 3.01 $ 23.04 $ 47,920
Southwest Montana nonmetropolitan area 90 0.62 1.82 $ 33.99 $ 70,700

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)
North Georgia nonmetropolitan area 200 1.03 3.06 (8) (8)
Coast Oregon nonmetropolitan area 120 1.02 3.01 $ 23.04 $ 47,920
Northeast Maine nonmetropolitan area 60 0.94 2.78 $ 32.48 $ 67,560
Northwestern Wisconsin nonmetropolitan area 40 0.75 2.22 $ 30.66 $ 63,770
Hill Country Region of Texas nonmetropolitan area 140 0.70 2.06 (8) (8)

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)
Southern Vermont nonmetropolitan area (8) (8) (8) $ 49.85 $ 103,680
Eastern New Mexico nonmetropolitan area (8) (8) (8) $ 49.13 $ 102,190
Middle Georgia nonmetropolitan area (8) (8) (8) $ 42.31 $ 88,000
Northwest Iowa nonmetropolitan area 80 0.59 1.74 $ 41.80 $ 86,930
Arizona nonmetropolitan area (8) (8) (8) $ 40.09 $ 83,390


About May 2023 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 2023 National Occupational Employment and Wage Estimates

May 2023 State Occupational Employment and Wage Estimates

May 2023 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2023 National Industry-Specific Occupational Employment and Wage Estimates

May 2023 Occupation Profiles

Technical Notes

 

Last Modified Date: April 3, 2024