Occupational Employment Statistics

Occupational Employment and Wages, May 2012

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)
37,270 3.5 % $38.57 $80,220 2.6 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $12.32 $17.30 $28.05 $47.77 $85.07
Annual Wage (2) $25,620 $35,970 $58,350 $99,350 $176,950


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 20,530 7.76 $41.13 $85,540
Activities Related to Real Estate 8,630 1.51 $33.34 $69,350
Lessors of Real Estate 3,620 0.64 $35.49 $73,820
Management of Companies and Enterprises 590 0.03 $41.56 $86,440
Land Subdivision 410 0.98 $39.42 $82,000

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 20,530 7.76 $41.13 $85,540
Activities Related to Real Estate 8,630 1.51 $33.34 $69,350
Land Subdivision 410 0.98 $39.42 $82,000
Lessors of Real Estate 3,620 0.64 $35.49 $73,820
Other Investment Pools and Funds 190 0.48 $41.69 $86,710

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) (8) (8) $60.05 $124,900
Agencies, Brokerages, and Other Insurance Related Activities (8) (8) $56.44 $117,400
Residential Building Construction 380 0.07 $50.92 $105,920
Nondepository Credit Intermediation 280 0.05 $48.32 $100,500
Activities Related to Credit Intermediation 220 0.08 $42.45 $88,290


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)
North Carolina 4,870 1.26 4.39 $29.63 $61,630
California 4,700 0.33 1.15 $48.08 $100,000
Florida 3,330 0.46 1.60 $31.27 $65,050
Texas 1,960 0.18 0.65 $37.72 $78,450
Georgia 1,950 0.51 1.78 $38.36 $79,800




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 4,870 1.26 4.39 $29.63 $61,630
Colorado 1,580 0.71 2.48 $36.70 $76,330
Arizona 1,410 0.58 2.04 $35.91 $74,690
Georgia 1,950 0.51 1.78 $38.36 $79,800
Florida 3,330 0.46 1.60 $31.27 $65,050




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Pennsylvania 1,460 0.26 0.91 $64.37 $133,890
Massachusetts 800 0.25 0.88 $63.32 $131,710
New Jersey 770 0.20 0.71 $57.12 $118,800
New York (8) (8) (8) $54.86 $114,110
Maryland 760 0.30 1.06 $52.06 $108,290





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)
Atlanta-Sandy Springs-Marietta, GA 1,730 0.77 2.68 $39.44 $82,040
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 1,620 0.42 1.46 $62.71 $130,440
Charlotte-Gastonia-Rock Hill, NC-SC 1,320 1.54 5.40 $37.10 $77,170
New York-White Plains-Wayne, NY-NJ Metropolitan Division 1,220 0.24 0.83 $57.27 $119,120
Chicago-Joliet-Naperville, IL Metropolitan Division 1,140 0.31 1.10 $39.22 $81,570
Phoenix-Mesa-Glendale, AZ 990 0.57 1.99 $41.16 $85,620
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 960 0.41 1.43 $34.00 $70,720
Denver-Aurora-Broomfield, CO 960 0.78 2.72 $39.79 $82,770
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 910 0.65 2.26 $46.61 $96,950
Philadelphia, PA Metropolitan Division 870 0.47 1.66 $64.28 $133,710




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)
Jacksonville, NC 110 2.57 9.00 $30.47 $63,370
Burlington, NC 100 1.83 6.38 $21.46 $44,640
Wilmington, NC 240 1.79 6.24 $37.53 $78,050
Crestview-Fort Walton Beach-Destin, FL 110 1.56 5.45 $29.30 $60,940
Charlotte-Gastonia-Rock Hill, NC-SC 1,320 1.54 5.40 $37.10 $77,170
Raleigh-Cary, NC 720 1.40 4.90 $29.49 $61,340
Winston-Salem, NC 270 1.32 4.62 $30.74 $63,940
Greensboro-High Point, NC 450 1.32 4.60 $24.42 $50,800
Greenville, NC 90 1.23 4.31 $18.53 $38,540
Fayetteville, NC 160 1.22 4.26 $23.47 $48,820




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)
Framingham, MA NECTA Division 40 0.28 0.96 $73.73 $153,350
Edison-New Brunswick, NJ Metropolitan Division 160 0.16 0.57 $71.99 $149,740
Boston-Cambridge-Quincy, MA NECTA Division 570 0.33 1.16 $65.73 $136,720
Salinas, CA (8) (8) (8) $64.62 $134,410
Philadelphia, PA Metropolitan Division 870 0.47 1.66 $64.28 $133,710
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 1,620 0.42 1.46 $62.71 $130,440
Trenton-Ewing, NJ 30 0.16 0.55 $62.23 $129,440
New York-White Plains-Wayne, NY-NJ Metropolitan Division 1,220 0.24 0.83 $57.27 $119,120
Harrisburg-Carlisle, PA 40 0.12 0.41 $53.39 $111,050
San Jose-Sunnyvale-Santa Clara, CA 160 0.18 0.63 $53.19 $110,640

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 0.83 2.90 $25.48 $52,990
Northeastern North Carolina nonmetropolitan area 190 1.11 3.89 $33.34 $69,340
Western Central North Carolina nonmetropolitan area 190 0.75 2.61 $17.46 $36,330
Southwest Alabama nonmetropolitan area 80 0.62 2.17 $34.65 $72,070
Balance of Lower Peninsula of Michigan nonmetropolitan area 50 0.19 0.67 $17.98 $37,400

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)
Northeastern North Carolina nonmetropolitan area 190 1.11 3.89 $33.34 $69,340
Other North Carolina nonmetropolitan area 240 0.83 2.90 $25.48 $52,990
Western Central North Carolina nonmetropolitan area 190 0.75 2.61 $17.46 $36,330
Southwest Alabama nonmetropolitan area 80 0.62 2.17 $34.65 $72,070
East Central Illinois nonmetropolitan area 40 0.32 1.11 (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)
Far Western Pennsylvania nonmetropolitan area (8) (8) (8) $56.79 $118,130
Western Colorado nonmetropolitan area (8) (8) (8) $35.20 $73,210
Southwest Alabama nonmetropolitan area 80 0.62 2.17 $34.65 $72,070
Northeastern North Carolina nonmetropolitan area 190 1.11 3.89 $33.34 $69,340
Hawaii / Maui / Kauai nonmetropolitan area 50 0.32 1.12 $28.54 $59,370


About May 2012 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 2012 National Occupational Employment and Wage Estimates

May 2012 State Occupational Employment and Wage Estimates

May 2012 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2012 National Industry-Specific Occupational Employment and Wage Estimates

May 2012 Occupation Profiles

Technical Notes

Last Modified Date: March 29, 2013

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