Real Estate Brokers
Real Estate Brokers earn an average annual salary of $115,482, making it one of the higher-paying occupations. Professionals in this field are primarily employed in industries such as Real Estate and Cross-industry. The field combines competitive compensation with strong employment opportunities, making it an attractive career path.
Key Statistics
Employment
Employment and salary information for the Real Estate Brokers workforce.
Employment Over Time
7,250 Workforce in 2023
The Real Estate Brokers workforce has been growing over time.
Historical employment trends for Real Estate Brokers.
Yearly Wage Ranking
$115,482 Average Wage
In 2023, Real Estate Brokers earned an average of $115,482.
Wage ranking compared to other occupations.
Wage Distribution
This chart shows the distribution of average salaries by income buckets for Real Estate Brokers.
Salary distribution for Real Estate Brokers.
Employment Growth Projections
1.1% Compound Annual Growth Rate (CAGR)
24,423 Projected Employment (5 years)
Projected growth: 5.5%
25,755 Projected Employment (10 years)
Projected growth: 11.2%
This occupation is projected to grow at 1.1% annually, indicating strong future demand.
Historical employment trends and future projections for Real Estate Brokers.
Industry
Information on the industries that employ Real Estate Brokers and on wages for those in the field.
Occupations by Industries
This graphic shows the share of Real Estate Brokers employed by various industries.
Industry distribution for Real Estate Brokers.
Wage Trends by Industry
6.2% Average Annual Wage Growth Rate
Historical wage growth trends by industry for Real Estate Brokers.
Geographic Distribution
Employment and wage information by geographic location for Real Estate Brokers.
Metropolitan employment on this page is from the California OEWS extract. Area names omit state codes; all listed metros are in California, so the state chart shows California totals (not a multi-state ranking).
Top States by Employment
Top States by Employment:
- CA: 4,330 employees, $106,057 avg wage
Top 10 states by employment for Real Estate Brokers.
Top Metropolitan Areas
Top Metropolitan Areas:
- Los Angeles-Long Beach-Glendale MD: 2,370 employees, $104,303 avg wage
- Anaheim-Santa Ana-Irvine MD: 1,310 employees, $99,239 avg wage
- San Francisco-San Mateo-Redwood City MD: 260 employees, $144,084 avg wage
- Oakland-Fremont-Berkeley MD: 190 employees, $125,722 avg wage
- Bakersfield-Delano MSA: 150 employees, $102,660 avg wage
- Vallejo MSA: 50 employees, $105,513 avg wage
Top 10 metropolitan statistical areas by employment for Real Estate Brokers.
Diversity
Demographic information on Real Estate Brokers in the US.
Gender and Age
The workforce of Real Estate Brokers in 2023 was 7,250 people, with 62.0% women and 38.0% men.
Gender and age distribution for Real Estate Brokers.
Races
Racial and ethnic shares when present in the career dataset. If the chart area shows a notice instead, occupational race/ethnicity fields are not yet populated for this extract.
Race and ethnicity distribution for Real Estate Brokers.
Education & Skills
Data on higher education choices and required skills for Real Estate Brokers.
Majors
The most common majors achieved by Real Estate Brokers in 2023 were Business Administration, Business, Social Sciences.
Common majors for Real Estate Brokers.
Education Levels
The main educational levels achieved by Real Estate Brokers workers.
Education level distribution for Real Estate Brokers.
Skills
Real Estate Brokers need many skills, but most especially Speaking, Critical Thinking, Reading Comprehension, Active Listening, Active Learning.
Required skills for Real Estate Brokers.
Knowledge & Abilities
Knowledge areas and abilities required for Real Estate Brokers.
Knowledge Areas
The most important knowledge areas for Real Estate Brokers include Sales and Marketing, Customer and Personal Service, English Language, Law and Government, Administration and Management.
Knowledge areas required for Real Estate Brokers.
Abilities
Key abilities needed for Real Estate Brokers include Oral Comprehension, Written Comprehension, Oral Expression, Near Vision, Speech Recognition.
Required abilities for Real Estate Brokers.
Work Activities
Common work activities performed by Real Estate Brokers.
Daily Activities
Real Estate Brokers spend their time on activities such as Getting Information, Establishing and Maintaining Interpersonal Relationships, Updating and Using Relevant Knowledge, Working with Computers, Organizing, Planning, and Prioritizing Work.
Most important work activities for Real Estate Brokers.
About
Real Estate Brokers
The average yearly wage for Real Estate Brokers was $115,482 in 2023.
SOC Code
41-9021 - Real Estate Brokers
Insights and Analysis
High earnings profile: Real Estate Brokers reports an average salary of $115,482, placing it among stronger-paying occupations.
Labor market presence: The current workforce is approximately 7,250 workers, indicating sustained demand.
Forward outlook: Projected annual growth is 1.1%, which should inform long-term career planning.
Data Sources
This page uses data from the following sources:
- College Scorecard - U.S. Department of Education
- Institutional characteristics, costs, completion rates, and earnings data
- Data years: 2015-2024
- Source: collegescorecard.ed.gov
- Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS)
- Employment and wage data by occupation
- Latest data: May 2024
- Source: bls.gov/oes
- O*NET Online - U.S. Department of Labor
- Occupational skills, knowledge, abilities, and work activities
- Database version: 28.0 (August 2023)
- Source: onetcenter.org
- IPEDS (Integrated Postsecondary Education Data System) - National Center for Education Statistics
- Institutional data, completions, enrollment, and financial aid
- Data years: 2015-2024
- Source: nces.ed.gov/ipeds
- Census Bureau American Community Survey (ACS)
- Demographic and workforce data
- Latest data: 2023 ACS 5-Year Estimates
- Source: census.gov/acs
Data Processing: All data has been processed, cleaned, and aggregated for presentation. Where specific data points are unavailable, estimates are based on available data and clearly marked.
Last Updated: Data reflects the most recent available information as of January 2025.
Methodology
Data for this profile is sourced from the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS), Census Bureau American Community Survey (ACS), and O*NET Online.
All wage figures represent annual averages and may vary by location, industry, and experience level.