Occupational Employment and Wages, May 2017

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)
40,530 3.1 % $36.50 $75,910 2.6 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $11.61 $16.97 $27.28 $42.69 $72.92
Annual Wage (2) $24,160 $35,290 $56,730 $88,790 $151,660


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 36,410 2.31 $36.29 $75,480
Management of Companies and Enterprises 430 0.02 $47.75 $99,320
Residential Building Construction 400 0.05 $36.57 $76,080
Credit Intermediation and Related Activities (5221 And 5223 only) 400 0.02 $44.89 $93,380
Business, Professional, Labor, Political, and Similar Organizations 340 0.08 $27.11 $56,380

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 36,410 2.31 $36.29 $75,480
Other Investment Pools and Funds 40 0.59 $30.43 $63,290
Business, Professional, Labor, Political, and Similar Organizations 340 0.08 $27.11 $56,380
Nondepository Credit Intermediation 320 0.05 $34.67 $72,120
Residential Building Construction 400 0.05 $36.57 $76,080

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Insurance Carriers 190 0.02 $60.08 $124,970
Securities, Commodity Contracts, and Other Financial Investments and Related Activities (8) (8) $55.80 $116,060
Management of Companies and Enterprises 430 0.02 $47.75 $99,320
Credit Intermediation and Related Activities (5221 And 5223 only) 400 0.02 $44.89 $93,380
Land Subdivision (8) (8) $38.72 $80,530


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 5,570 0.33 1.17 $38.86 $80,820
North Carolina 4,760 1.11 3.89 $28.99 $60,310
Florida 3,180 0.38 1.33 $35.04 $72,890
Illinois 2,590 0.44 1.54 $41.47 $86,260
Texas 2,290 0.19 0.68 $39.18 $81,500




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 4,760 1.11 3.89 $28.99 $60,310
Colorado 2,260 0.88 3.11 $26.22 $54,530
Oregon 1,120 0.61 2.16 $31.01 $64,500
Arizona 1,580 0.58 2.05 $31.35 $65,220
South Carolina 1,130 0.56 1.97 $33.54 $69,760




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Connecticut 140 0.09 0.31 $62.37 $129,730
New Hampshire 170 0.26 0.92 $60.79 $126,450
Ohio 720 0.13 0.47 $56.11 $116,700
Massachusetts 940 0.27 0.94 $49.87 $103,720
District of Columbia 170 0.23 0.82 $48.33 $100,520



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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)
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 1,880 0.51 1.80 $39.54 $82,250
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 1,830 0.41 1.46 $27.82 $57,860
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 1,590 0.24 0.84 $49.22 $102,370
Charlotte-Concord-Gastonia, NC-SC 1,470 1.24 4.36 $37.46 $77,920
Phoenix-Mesa-Scottsdale, AZ 1,330 0.67 2.37 $33.34 $69,350
San Diego-Carlsbad, CA 1,000 0.70 2.45 $48.96 $101,830
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 980 0.39 1.37 $34.13 $70,990
Raleigh, NC 860 1.41 4.97 $28.09 $58,440
Dallas-Plano-Irving, TX Metropolitan Division 830 0.33 1.17 $38.66 $80,410
Boston-Cambridge-Newton, MA NECTA Division 690 0.38 1.33 $51.23 $106,560


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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 150 1.93 6.79 $25.71 $53,480
Jacksonville, NC 70 1.45 5.11 (8) (8)
Wilmington, NC 170 1.41 4.95 $22.49 $46,790
Raleigh, NC 860 1.41 4.97 $28.09 $58,440
Fayetteville, NC 160 1.24 4.37 $22.49 $46,770
Charlotte-Concord-Gastonia, NC-SC 1,470 1.24 4.36 $37.46 $77,920
Colorado Springs, CO 330 1.22 4.28 $29.06 $60,450
Greensboro-High Point, NC 380 1.03 3.64 $28.00 $58,230
Asheville, NC 190 0.98 3.44 $24.52 $51,010
Durham-Chapel Hill, NC 280 0.94 3.29 $26.54 $55,200


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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)
Hartford-West Hartford-East Hartford, CT 40 0.08 0.27 $70.94 $147,560
Columbus, OH 180 0.17 0.60 $64.98 $135,170
Sacramento--Roseville--Arden-Arcade, CA 200 0.21 0.73 $54.75 $113,880
Fresno, CA 40 0.12 0.42 $51.54 $107,200
Boston-Cambridge-Newton, MA NECTA Division 690 0.38 1.33 $51.23 $106,560
Cincinnati, OH-KY-IN 150 0.14 0.50 $51.21 $106,520
Newark, NJ-PA Metropolitan Division 110 0.10 0.34 $50.29 $104,610
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL Metropolitan Division 200 0.24 0.84 $49.48 $102,910
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 1,590 0.24 0.84 $49.22 $102,370
San Diego-Carlsbad, CA 1,000 0.70 2.45 $48.96 $101,830

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)
Southeast Coastal North Carolina nonmetropolitan area 260 1.07 3.76 $14.22 $29,580
Piedmont North Carolina nonmetropolitan area 170 0.67 2.35 $23.89 $49,680
Northeast Coastal North Carolina nonmetropolitan area 170 1.79 6.31 $28.26 $58,780
Northwest Colorado nonmetropolitan area 150 1.27 4.47 (8) (8)
Mountain North Carolina nonmetropolitan area 130 1.04 3.65 $28.00 $58,240

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)
Northeast Coastal North Carolina nonmetropolitan area 170 1.79 6.31 $28.26 $58,780
Northwest Colorado nonmetropolitan area 150 1.27 4.47 (8) (8)
Southeast Coastal North Carolina nonmetropolitan area 260 1.07 3.76 $14.22 $29,580
Mountain North Carolina nonmetropolitan area 130 1.04 3.65 $28.00 $58,240
Southwest Missouri nonmetropolitan area 60 0.86 3.04 $18.52 $38,530

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)
Wasatch Back nonmetropolitan area (8) (8) (8) $32.52 $67,640
Northeast Coastal North Carolina nonmetropolitan area 170 1.79 6.31 $28.26 $58,780
Mountain North Carolina nonmetropolitan area 130 1.04 3.65 $28.00 $58,240
Piedmont North Carolina nonmetropolitan area 170 0.67 2.35 $23.89 $49,680
Southern Vermont nonmetropolitan area 30 0.30 1.04 $22.56 $46,930


About May 2017 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 OES estimates and related information:

May 2017 National Occupational Employment and Wage Estimates

May 2017 State Occupational Employment and Wage Estimates

May 2017 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2017 National Industry-Specific Occupational Employment and Wage Estimates

May 2017 Occupation Profiles

Technical Notes

 

Last Modified Date: March 30, 2018