Occupational Employment and Wages, May 2003

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
State profile for this occupation
Metropolitan area 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)
40,590 5.2 % $33.62 $69,920 4.4 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median) 		75% 90%
Hourly Wage $8.75 $14.04 $23.91 $40.84 (5)
Annual Wage (2) $18,190 $29,210 $49,740 $84,940 (5)

Industry profile for this occupation: Top

Industries with the highest levels of employment in this occupation:

Industry Employment Hourly mean wage Annual mean wage Employment rank Wage rank
Offices of real estate agents and brokers 21,600 $32.60 $67,800 1 11
Activities related to real estate 8,060 $30.21 $62,830 2 13
Lessors of real estate 3,760 $26.48 $55,090 3 16
Land subdivision 1,370 $41.12 $85,540 4 6
Residential building construction 700 $43.54 $90,560 5 4

Top paying industries for this occupation:

Industry Employment Hourly mean wage Annual mean wage Employment rank Wage rank
Management and technical consulting services (6) $84.62 $176,020 (6) 1
Other investment pools and funds 240 $64.23 $133,600 10 2
Nonresidential building construction 40 $45.44 $94,510 15 3
Residential building construction 700 $43.54 $90,560 5 4
Nondepository credit intermediation 630 $41.46 $86,230 7 5

State profile for this occupation: Top

States with the highest concentration of workers in this occupation:

State Employment Hourly mean wage Annual mean wage Percent of State employment Wage rank within State
North Carolina 3,810 $22.66 $47,130 0.103% 166
Colorado 1,940 $34.23 $71,200 0.092% 58
Florida 6,070 $32.87 $68,370 0.084% 63
Arizona 1,470 $44.05 $91,620 0.065% 15
Washington 1,440 $32.77 $68,160 0.056% 87

Top paying States for this occupation:

State Employment Hourly mean wage Annual mean wage Percent of State employment Wage rank within State
Louisiana 400 $58.83 $122,370 0.022% 9
Hawaii (6) $54.43 $113,210 (6) 10
Michigan 1,010 $52.85 $109,940 0.023% 14
California 2,750 $49.58 $103,120 0.019% 21
New York 1,080 $44.48 $92,520 0.013% 34

Metropolitan area profile for this occupation: Top

Metropolitan areas with the highest concentration of workers in this occupation:

MSA Employment Hourly mean wage Annual mean wage Percent of MSA employment
Naples, FL MSA 430 $34.02 $70,770 0.379%
Raleigh-Durham-Chapel Hill, NC MSA 1,290 $14.93 $31,060 0.194%
Charlotte-Gastonia-Rock Hill, NC-SC MSA 1,000 $37.68 $78,370 0.125%
Punta Gorda, FL MSA 50 $17.34 $36,080 0.123%
West Palm Beach-Boca Raton, FL MSA 560 $35.83 $74,530 0.108%

Top paying Metropolitan areas for this occupation:

MSA Employment Hourly mean wage Annual mean wage Percent of MSA employment
Trenton, NJ PMSA (6) (5) (5) (6)
Buffalo-Niagara Falls, NY MSA (6) (5) (5) (6)
Detroit, MI PMSA 600 (5) (5) 0.030%
Kalamazoo-Battle Creek, MI MSA 50 $62.09 $129,150 0.025%
Los Angeles-Long Beach, CA PMSA 430 $60.64 $126,130 0.011%

About May 2003 National, State, and Metropolitan Area Occupational Employment and Wage Estimates

To see profiles of other occupations, select from the major groups below:

These estimates are calculated with data collected from employers in all industry sectors in metropolitan and non-metropolitan areas in every State and the District of Columbia. The top five employment and wage figures are provided above. The complete list is available in the downloadable Excel files(XLS).

Percentile wage estimates show the percentage of workers in an occupation that earn less than a given wage and the percentage that earn more. 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 $70.00 per hour or $145,600 per year.

(6) Estimates not released.

All Sales and Related Occupations

2003 May National Occupational Employment and Wage Estimates

2003 May State Occupational Employment and Wage Estimates

2003 May Metropolitan Area Occupational Employment and Wage Estimates

2003 May National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download May 2003 Occupational Employment and Wage Estimates in Zipped Excel files

Technical notes

 

Last Modified Date: July 22, 2004