Occupational Employment Statistics

Occupational Employment and Wages, May 2010

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)
41,210 3.1 % $36.57 $76,060 3.3 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $12.29 $16.75 $26.40 $43.35 $77.80
Annual Wage (2) $25,550 $34,840 $54,910 $90,170 $161,820


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)
Offices of Real Estate Agents and Brokers 23,080 8.36 $36.50 $75,920
Activities Related to Real Estate 9,090 1.68 $31.99 $66,550
Lessors of Real Estate 5,010 0.88 $45.08 $93,760
Land Subdivision 430 0.82 (8) (8)
Activities Related to Credit Intermediation 410 0.16 $33.81 $70,330

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Offices of Real Estate Agents and Brokers 23,080 8.36 $36.50 $75,920
Activities Related to Real Estate 9,090 1.68 $31.99 $66,550
Lessors of Real Estate 5,010 0.88 $45.08 $93,760
Land Subdivision 430 0.82 (8) (8)
Other Investment Pools and Funds 100 0.26 $58.47 $121,620

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Investment Pools and Funds 100 0.26 $58.47 $121,620
Depository Credit Intermediation (8) (8) $51.81 $107,770
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) 50 0.20 $47.59 $98,980
Lessors of Real Estate 5,010 0.88 $45.08 $93,760
Nondepository Credit Intermediation 280 0.05 $43.34 $90,140


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)
Florida 5,870 0.83 2.55 $30.11 $62,640
North Carolina 4,710 1.25 3.85 $26.90 $55,950
California 4,550 0.33 1.00 $38.01 $79,070
New York 2,860 0.34 1.06 $63.18 $131,410
Texas 2,340 0.23 0.72 $44.38 $92,310




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 4,710 1.25 3.85 $26.90 $55,950
Florida 5,870 0.83 2.55 $30.11 $62,640
Arizona 1,570 0.66 2.05 $25.41 $52,850
South Carolina 1,140 0.65 2.02 $26.80 $55,740
Colorado 1,140 0.53 1.63 $26.41 $54,930




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 2,860 0.34 1.06 $63.18 $131,410
Pennsylvania 1,590 0.29 0.89 $61.42 $127,750
New Jersey 840 0.22 0.69 $50.23 $104,480
Massachusetts 940 0.30 0.93 $49.87 $103,720
Maryland 790 0.32 1.00 $49.21 $102,350

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)
New York-White Plains-Wayne, NY-NJ Metropolitan Division 2,360 0.47 1.46 $67.70 $140,810
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 1,700 0.44 1.37 $36.81 $76,560
Phoenix-Mesa-Scottsdale, AZ 1,270 0.76 2.33 $21.16 $44,020
Chicago-Naperville-Joliet, IL Metropolitan Division 1,150 0.33 1.00 $25.99 $54,060
Charlotte-Gastonia-Concord, NC-SC 1,110 1.37 4.23 $32.84 $68,310
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 960 0.42 1.29 $42.23 $87,830
Raleigh-Cary, NC 870 1.77 5.47 $28.54 $59,360
Philadelphia, PA Metropolitan Division 800 0.44 1.36 $65.55 $136,340
Miami-Miami Beach-Kendall, FL Metropolitan Division 790 0.82 2.54 $33.11 $68,860
Tampa-St. Petersburg-Clearwater, FL 770 0.71 2.18 $24.38 $50,710




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)
Palm Coast, FL 60 3.32 10.24 $19.54 $40,650
Jacksonville, NC 80 1.89 5.82 $26.15 $54,390
Naples-Marco Island, FL 200 1.86 5.75 $36.66 $76,260
Cape Coral-Fort Myers, FL 350 1.83 5.64 $31.48 $65,480
Raleigh-Cary, NC 870 1.77 5.47 $28.54 $59,360
Winston-Salem, NC 330 1.65 5.08 $19.44 $40,440
Greensboro-High Point, NC 490 1.46 4.50 $24.46 $50,880
West Palm Beach-Boca Raton-Boynton Beach, FL Metropolitan Division 710 1.43 4.42 $30.15 $62,700
Fayetteville, NC 180 1.42 4.37 $19.93 $41,450
Burlington, NC 80 1.39 4.27 $18.53 $38,540




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)
Tyler, TX (8) (8) (8) $81.51 $169,540
Pittsburgh, PA 300 0.28 0.85 $69.01 $143,540
Milwaukee-Waukesha-West Allis, WI 80 0.11 0.33 $68.69 $142,870
New York-White Plains-Wayne, NY-NJ Metropolitan Division 2,360 0.47 1.46 $67.70 $140,810
Dayton, OH 60 0.17 0.51 $67.28 $139,940
Philadelphia, PA Metropolitan Division 800 0.44 1.36 $65.55 $136,340
Harrisburg-Carlisle, PA 40 0.14 0.43 $61.23 $127,360
Lancaster, PA (8) (8) (8) $60.06 $124,920
Bethesda-Frederick-Gaithersburg, MD Metropolitan Division 320 0.58 1.78 $58.53 $121,740
Oakland-Fremont-Hayward, CA Metropolitan Division 230 0.24 0.73 $57.26 $119,100

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)
Other North Carolina nonmetropolitan area 240 0.84 2.58 $34.32 $71,390
Northeastern North Carolina nonmetropolitan area 230 1.32 4.07 $25.99 $54,050
Western Central North Carolina nonmetropolitan area 170 0.70 2.14 $19.91 $41,400
Western North Carolina nonmetropolitan area 160 0.89 2.74 $23.58 $49,040
Low Country South Carolina nonmetropolitan area 160 1.40 4.33 $29.18 $60,700

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)
Low Country South Carolina nonmetropolitan area 160 1.40 4.33 $29.18 $60,700
Northwest Florida nonmetropolitan area 80 1.39 4.29 $25.79 $53,640
Northeastern North Carolina nonmetropolitan area 230 1.32 4.07 $25.99 $54,050
Western North Carolina nonmetropolitan area 160 0.89 2.74 $23.58 $49,040
Other North Carolina nonmetropolitan area 240 0.84 2.58 $34.32 $71,390

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)
Hawaii / Maui / Kauai nonmetropolitan area 70 0.49 1.52 $35.67 $74,200
Other North Carolina nonmetropolitan area 240 0.84 2.58 $34.32 $71,390
North Arizona nonmetropolitan area (8) (8) (8) $33.07 $68,790
Southwestern Wyoming nonmetropolitan area (8) (8) (8) $32.71 $68,040
Northwest Iowa nonmetropolitan area (8) (8) (8) $31.71 $65,950


About May 2010 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 mean 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 2010 National Occupational Employment and Wage Estimates

May 2010 State Occupational Employment and Wage Estimates

May 2010 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2010 National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download May 2010 Occupational Employment and Wage Estimates in Zipped XLS files

Technical Notes

Last Modified Date: May 17, 2011

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