Real estate

Industry Group

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Workforce Population

2.14M

2017

Average Employee Age

46.4

2017

Estimated Job Growth

5.88%

10-Year Projection

Average Salary

$58,575

2017

Average Male Salary

$68,770

2017

Average Female Salary

$47,974

2017

About

The top three occupations in the Real estate Industry Group are real estate brokers & sales agents, property, real estate, & community association managers, and janitors & building cleaners. On average, full-time employees in the Real estate Industry Group work 43.9 hours per week and have an average annual salary of $66,287. Part-time employees in the same industry work 21.8 hours and earn an average annual salary of $26,247.

The locations with the highest concentration of employees in the Real estate Industry Group are Miami-Dade County (East)--Miami City (South) & Key Biscayne Village PUMA, FL, Miami-Dade County (Northeast)--Miami Beach City, Surfside & Bay Harbor Islands Towns PUMA, FL, and Orange County (West Central)--Newport Beach, Aliso Viejo & Laguna Woods Cities PUMA, CA.

The workforce of Real estate Industry Group in 2017 was 2,136,793 people, with 49% woman, and 51% men.

In 2017, 78.3% of the workforce in the Real estate Industry Group was White (1,672,809 people), of which 49.6% were women and 50.4% men.

Finance & Insurance, and Real Estate, Rental & Leasing Real estate

Employment & Salaries

A snapshot of workforce, wages, and opportunities in the Real estate Industry Group.

The workforce in Real estate Industry Group was 2,136,793 people and is concentrated in California (296,071 workers). The average annual salary was $58,575, being $6,108 less than the national average salary, which was $64,683.

Monthly Employment

Start Year

Y-Axis

2.25%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 1.22M people employed in the Real Estate industry. This represents a 2.25% increase in employment when compared to February 2022.

This chart shows monthly employment numbers for Real Estate over time (non-seasonally adjusted).

Employment by Location

The states that concentrated the largest workforce in 2017 were California (296k), Florida (192k), and Texas (187k).

This map shows the states in the United States shaded by workforce for Real estate Industry Group.

Yearly Wage Ranking

In 2017, Real estate Industry Group had an average annual wage of $58,575, $6,108 less than the average national salary of $64,683.

The graph shows the position of Real estate Industry Group in the ranking of industries by average annual wage.

Wage Distribution

0.493

WAGE GINI

Real estate has a wage GINI of 0.493, which is more than than the national average of 0.478. In other words, wages are distributed less evenly in Real estate (shown in red) in comparison to the national average for those wage buckets (shown in gray).

The graphic shows the distribution of average salaries by buckets for Real estate Industry Group workers compared to the entire workforce in the country.

Occupations

A review of jobs and wages in the Real estate Industry Group.

Real estate brokers & sales agents are the most common position with 568,424 workers, but the Real estate Industry Group employs a relatively high number of Property, real estate, & community association managers and Janitors & building cleaners.

The highest average salary in Real estate goes to Education administrators.

Occupations Distribution

The graph shows the distribution of employees in the Real estate Industry Group according to occupations. In 2017, the occupations that concentrated the largest number of employees in this industry were real estate brokers & sales agents (568,424 people), property, real estate, & community association managers (461,450 people), and janitors & building cleaners (168,571 people)

Wage by Sex in Common Jobs

$68,770

AVERAGE MALE SALARY

±$2,048

$47,974

AVERAGE FEMALE SALARY

±$1,316

On average, Male workers in the Real estate Industry Group make 1.43 times more than their Female counterparts. This chart shows the sex-based wage disparity in the 5 most common occupations in the Real estate Industry Group.

Business

Estimates of the sources of the costs and the purchasers of the products in the Real estate Industry Group. Based on estimates from the Bureau of Economic Analysis, this section indicates the amount of money spent by a specific industry in other industries.

The industrial flow illustrates the intermediate inputs and the use of outputs of the Real estate Industry Group.

The Real estate Industry Group gets the most input, by its share of the cost of all intermediate inputs, from the Finance, insurance, real estate, rental, and leasing Industry.

Industrial Flow

The closest comparable data for Real estate is from Finance & Insurance, and Real Estate, Rental & Leasing.

Finance, insurance, real estate, rental, and leasing has the highest single input, by dollars, to the Real estate Industry Group, and the largest industry purchasing services from the Real estate Industry Group is Finance, insurance, real estate, rental, and leasing.

In this flow diagram, all of the industries listed to the left are those places from which the highlighted industry has made purchases. They are the intermediate inputs to the highlighted industry. All those industries listed on the right side are those industries that have made purchases from the highlighted industry. They are the use of outputs of the highlighted industry. The visualizations below offer alternative ways to see and understand this data.

Intermediate Inputs

The closest comparable data for Real estate is from Finance & Insurance, and Real Estate, Rental & Leasing.

HIGHEST INPUT INDUSTRY

The Real estate Industry Group gets the most input, by its share of the cost of all intermediate inputs, from the Finance, insurance, real estate, rental, and leasing Industry. This visualization does not include labor and capital costs.

Use of Output by Other Industries

The closest comparable data for Real estate is from Finance & Insurance, and Real Estate, Rental & Leasing.

LARGEST PURCHASING INDUSTRY

The Finance, insurance, real estate, rental, and leasing Industry purchases the greatest share of products and services from the Real estate Industry Group in order to produce other goods and services. Purchases of the Real estate Industry Group for final consumption by consumers, businesses, or government are not included here.

Diversity

Demographic information on the Real estate Industry Group in the US.

Of the total workforce, 49% corresponds to women and 51% men. Male employees tend to earn more than Female employees, with average respective salaries of $68,770 and $47,974.

75.3% of workers have a bachelors degree, some college or high school or equivalent.

Gender and Age

1,047,521

Women

49%

1,089,272

Men

51%

The workforce of Real estate industry in 2017 was 2,136,793 people, with 49% woman, and 51% men.

The visualization shows the distribution of the workforce by gender and age in Real estate industry.

Races

In 2017, 78.3% of the workforce in the Real estate industry was White (1,672,809 people), of which 49.6% were women and 50.4% men.

Other races that concentrated a significant number of workers were Black and Other.

Educational Levels

The main educational levels achieved by the Real estate workers in 2017 were bachelors degree (598,944 people), some college (543,719 people), and high school or equivalent (466,431 people).

The chart shows the Real estate workforce by gender and educational level.

Projections

Growth projections of the Real Estate industry, both by number of employees and output, from the Bureau of Labor and Statistics. The national workforce is projected to grow 5.88% in the next ten years. The Real Estate industry has a lower projected workforce growth at 5.88%. Its projected 10-year growth in output (20.7%) is lower than the projected national growth in output (20.7%).

Job Growth

5.88%

Estimated Job Growth

10-year Projection

5.88%

National Growth

10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Real Estate. This industry is expected to grow approximately the same than 5.88%, the average rate of national job growth.