Occupational Employment Statistics

Occupational Employment and Wages, May 2013

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)
38,970 3.1 % $39.60 $82,380 2.7 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $11.67 $16.68 $28.65 $50.08 $89.93
Annual Wage (2) $24,260 $34,690 $59,580 $104,160 $187,050


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 22,650 8.26 $42.20 $87,780
Activities Related to Real Estate 7,670 1.30 $33.36 $69,390
Lessors of Real Estate 3,900 0.69 $34.80 $72,380
Management of Companies and Enterprises 590 0.03 $40.99 $85,270
Activities Related to Credit Intermediation 400 0.14 $35.17 $73,160

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 22,650 8.26 $42.20 $87,780
Activities Related to Real Estate 7,670 1.30 $33.36 $69,390
Land Subdivision 340 0.87 $46.96 $97,680
Lessors of Real Estate 3,900 0.69 $34.80 $72,380
Activities Related to Credit Intermediation 400 0.14 $35.17 $73,160

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Agencies, Brokerages, and Other Insurance Related Activities (8) (8) $57.61 $119,830
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) (8) (8) $55.33 $115,080
Other Financial Investment Activities 60 0.02 $47.89 $99,610
Land Subdivision 340 0.87 $46.96 $97,680
Nondepository Credit Intermediation 290 0.05 $46.38 $96,470


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 5,190 0.35 1.20 $45.48 $94,600
North Carolina 4,980 1.26 4.30 $28.64 $59,580
Florida 3,150 0.42 1.44 $38.26 $79,590
Texas 2,510 0.23 0.78 $46.21 $96,110
Illinois 2,110 0.37 1.26 $45.83 $95,320




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 4,980 1.26 4.30 $28.64 $59,580
District of Columbia 470 0.70 2.38 (8) (8)
Colorado 1,440 0.63 2.14 $35.79 $74,450
Hawaii 350 0.58 1.97 $36.73 $76,390
Arizona 1,410 0.57 1.94 $38.28 $79,630




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Pennsylvania 1,190 0.21 0.72 $62.30 $129,570
Massachusetts 820 0.25 0.86 $60.68 $126,220
New Jersey 640 0.17 0.57 $57.23 $119,040
New York (8) (8) (8) $55.31 $115,050
Nevada 410 0.35 1.20 $51.26 $106,620





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-Joliet-Naperville, IL Metropolitan Division 1,700 0.46 1.56 $49.15 $102,240
Atlanta-Sandy Springs-Marietta, GA 1,650 0.72 2.44 $43.11 $89,680
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 1,430 0.36 1.23 $64.57 $134,310
Charlotte-Gastonia-Rock Hill, NC-SC 1,400 1.59 5.42 $35.01 $72,810
New York-White Plains-Wayne, NY-NJ Metropolitan Division 1,330 0.25 0.86 $54.98 $114,350
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 1,000 0.69 2.33 $46.36 $96,430
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 990 0.42 1.42 $34.45 $71,660
Phoenix-Mesa-Glendale, AZ 950 0.54 1.82 $44.12 $91,780
Denver-Aurora-Broomfield, CO 950 0.74 2.52 $41.76 $86,860
Raleigh-Cary, NC 740 1.39 4.74 $25.34 $52,710




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 90 2.02 6.87 $25.09 $52,200
Wilmington, NC 260 1.84 6.25 $37.64 $78,300
Charlotte-Gastonia-Rock Hill, NC-SC 1,400 1.59 5.42 $35.01 $72,810
Fayetteville, NC 190 1.54 5.22 $19.47 $40,490
Durham-Chapel Hill, NC 390 1.42 4.82 $26.03 $54,130
Winston-Salem, NC 280 1.39 4.71 $32.74 $68,100
Raleigh-Cary, NC 740 1.39 4.74 $25.34 $52,710
Punta Gorda, FL 50 1.16 3.96 $30.53 $63,490
Greensboro-High Point, NC 390 1.13 3.84 $22.44 $46,680
Asheville, NC 160 0.95 3.23 $36.17 $75,240




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)
Pittsburgh, PA 230 0.20 0.69 $71.36 $148,440
Framingham, MA NECTA Division 50 0.34 1.15 $70.52 $146,690
West Palm Beach-Boca Raton-Boynton Beach, FL Metropolitan Division 220 0.43 1.46 $69.38 $144,310
Salinas, CA 50 0.35 1.18 $66.92 $139,190
Philadelphia, PA Metropolitan Division 710 0.39 1.31 $64.60 $134,370
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 1,430 0.36 1.23 $64.57 $134,310
Trenton-Ewing, NJ (8) (8) (8) $64.25 $133,640
Boston-Cambridge-Quincy, MA NECTA Division 570 0.32 1.10 $63.74 $132,570
Indianapolis-Carmel, IN 460 0.50 1.71 $60.38 $125,580
Jackson, MS (8) (8) (8) $60.08 $124,960

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 250 0.86 2.92 $20.78 $43,230
Western Central North Carolina nonmetropolitan area 210 0.81 2.77 (8) (8)
Northeastern North Carolina nonmetropolitan area 180 1.01 3.43 $32.82 $68,270
Western North Carolina nonmetropolitan area 170 0.92 3.14 $19.96 $41,520
Hawaii / Maui / Kauai nonmetropolitan area 130 0.80 2.73 $27.84 $57,900

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 180 1.01 3.43 $32.82 $68,270
Western North Carolina nonmetropolitan area 170 0.92 3.14 $19.96 $41,520
Other North Carolina nonmetropolitan area 250 0.86 2.92 $20.78 $43,230
Western Central North Carolina nonmetropolitan area 210 0.81 2.77 (8) (8)
Hawaii / Maui / Kauai nonmetropolitan area 130 0.80 2.73 $27.84 $57,900

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) $56.90 $118,350
Southwest Alabama nonmetropolitan area 70 0.54 1.85 $33.98 $70,680
Northeastern North Carolina nonmetropolitan area 180 1.01 3.43 $32.82 $68,270
Western Colorado nonmetropolitan area (8) (8) (8) $32.60 $67,810
Southwestern Oklahoma nonmetropolitan area 50 0.76 2.60 $30.24 $62,900


About May 2013 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 2013 National Occupational Employment and Wage Estimates

May 2013 State Occupational Employment and Wage Estimates

May 2013 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2013 National Industry-Specific Occupational Employment and Wage Estimates

May 2013 Occupation Profiles

Technical Notes

Last Modified Date: April 1, 2014

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