Occupational Employment Statistics

Occupational Employment and Wages, May 2011

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)
38,200 3.3 % $40.31 $83,830 3.0 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $12.58 $17.39 $28.53 $49.53 (5)
Annual Wage (2) $26,170 $36,170 $59,340 $103,020 (5)


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 21,590 8.01 $41.44 $86,190
Activities Related to Real Estate 8,170 1.48 $35.31 $73,450
Lessors of Real Estate 4,460 0.79 $45.71 $95,080
Management of Companies and Enterprises 420 0.02 $47.46 $98,720
Residential Building Construction 410 0.07 (8) (8)

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 21,590 8.01 $41.44 $86,190
Activities Related to Real Estate 8,170 1.48 $35.31 $73,450
Lessors of Real Estate 4,460 0.79 $45.71 $95,080
Land Subdivision 360 0.76 $38.24 $79,550
Other Investment Pools and Funds 120 0.30 $53.43 $111,130

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 120 0.30 $53.43 $111,130
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) 60 0.24 $47.53 $98,850
Management of Companies and Enterprises 420 0.02 $47.46 $98,720
Lessors of Real Estate 4,460 0.79 $45.71 $95,080
Nondepository Credit Intermediation 390 0.07 $45.36 $94,350


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 4,640 0.33 1.11 $47.36 $98,510
North Carolina 4,570 1.20 4.02 $28.82 $59,940
Florida 4,010 0.56 1.88 $35.37 $73,570
Texas 2,440 0.24 0.80 $44.72 $93,010
New York 2,130 0.25 0.85 (8) (8)




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 4,570 1.20 4.02 $28.82 $59,940
Arizona 1,380 0.58 1.95 $42.85 $89,120
Oklahoma 850 0.56 1.89 $22.09 $45,950
Florida 4,010 0.56 1.88 $35.37 $73,570
Colorado 1,230 0.56 1.90 $38.53 $80,150




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Pennsylvania 1,630 0.29 0.99 $61.48 $127,890
New Jersey 830 0.22 0.74 $59.37 $123,490
California 4,640 0.33 1.11 $47.36 $98,510
Texas 2,440 0.24 0.80 $44.72 $93,010
Ohio 350 0.07 0.24 $43.40 $90,280





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 1,860 0.37 1.23 $68.66 $142,810
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 1,760 0.46 1.54 $58.15 $120,960
Atlanta-Sandy Springs-Marietta, GA 1,400 0.63 2.12 $36.66 $76,260
Charlotte-Gastonia-Rock Hill, NC-SC 1,390 1.68 5.63 $32.71 $68,030
Phoenix-Mesa-Glendale, AZ 890 0.53 1.77 (8) (8)
Chicago-Joliet-Naperville, IL Metropolitan Division 890 0.25 0.83 $37.47 $77,940
Philadelphia, PA Metropolitan Division 870 0.48 1.61 $65.00 $135,190
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 850 0.37 1.23 $38.67 $80,430
Raleigh-Cary, NC 840 1.68 5.63 $30.67 $63,800
Miami-Miami Beach-Kendall, FL Metropolitan Division 700 0.72 2.41 $45.70 $95,050




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)
Jacksonville, NC 110 2.40 8.06 $33.49 $69,650
Raleigh-Cary, NC 840 1.68 5.63 $30.67 $63,800
Charlotte-Gastonia-Rock Hill, NC-SC 1,390 1.68 5.63 $32.71 $68,030
Burlington, NC 90 1.66 5.57 $20.49 $42,610
Winston-Salem, NC 300 1.53 5.12 $24.82 $51,630
Fayetteville, NC 170 1.34 4.51 $20.36 $42,360
Lake Havasu City-Kingman, AZ 60 1.25 4.20 $30.38 $63,200
Greensboro-High Point, NC 430 1.25 4.21 $25.93 $53,930
Wilmington, NC 160 1.19 3.99 $42.30 $87,980
Tucson, AZ 380 1.10 3.69 $38.67 $80,420




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)
Boston-Cambridge-Quincy, MA NECTA Division 700 0.42 1.40 $72.64 $151,090
Trenton-Ewing, NJ 30 0.15 0.50 $72.07 $149,910
Reading, PA 30 0.19 0.64 $70.79 $147,240
New York-White Plains-Wayne, NY-NJ Metropolitan Division 1,860 0.37 1.23 $68.66 $142,810
Philadelphia, PA Metropolitan Division 870 0.48 1.61 $65.00 $135,190
Pittsburgh, PA 360 0.32 1.08 $64.72 $134,610
San Jose-Sunnyvale-Santa Clara, CA 160 0.18 0.62 $58.81 $122,320
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 1,760 0.46 1.54 $58.15 $120,960
Orlando-Kissimmee-Sanford, FL 510 0.52 1.76 $58.00 $120,650
Dayton, OH 60 0.17 0.56 $57.21 $119,000

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 200 0.70 2.35 (8) (8)
Western Central North Carolina nonmetropolitan area 160 0.68 2.28 $17.50 $36,390
Northeastern North Carolina nonmetropolitan area 160 0.94 3.16 $28.34 $58,950
Western North Carolina nonmetropolitan area 130 0.70 2.33 $23.62 $49,140
Low Country South Carolina nonmetropolitan area 100 0.96 3.22 $30.27 $62,960

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 100 0.96 3.22 $30.27 $62,960
Northeastern North Carolina nonmetropolitan area 160 0.94 3.16 $28.34 $58,950
South Florida nonmetropolitan area 70 0.72 2.43 (8) (8)
Western North Carolina nonmetropolitan area 130 0.70 2.33 $23.62 $49,140
Other North Carolina nonmetropolitan area 200 0.70 2.35 (8) (8)

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)
Western Colorado nonmetropolitan area 30 0.33 1.11 $36.74 $76,430
North Georgia nonmetropolitan area (8) (8) (8) $31.78 $66,100
Northwest Iowa nonmetropolitan area (8) (8) (8) $30.97 $64,420
Low Country South Carolina nonmetropolitan area 100 0.96 3.22 $30.27 $62,960
Northeastern North Carolina nonmetropolitan area 160 0.94 3.16 $28.34 $58,950


About May 2011 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.

(5) This wage is equal to or greater than $90.00 per hour or $187,199 per year.

(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 2011 National Occupational Employment and Wage Estimates

May 2011 State Occupational Employment and Wage Estimates

May 2011 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2011 National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download May 2011 Occupational Employment and Wage Estimates in Zipped XLS files

Technical Notes

Last Modified Date: March 27, 2012

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