Finance & Insurance, and Real Estate, Rental & Leasing

Add Comparison
Workforce
6.43M
2019 BLS Estimate
Average Employee Age
43.8
Estimated Job Growth
1.03%
10-Year Projection
Average Salary
$84,499
Average Male Salary
$108,693
Average Female Salary
$63,821

About

The top three occupations in the Finance & Insurance, and Real Estate, Rental & Leasing Industry Group are Financial managers, Real estate brokers & sales agents, Insurance sales agents, Property, real estate, & community association managers, and Customer service representatives. On average, full-time employees in the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector work 43.5 hours per week and have an average annual salary of $90,459. Part-time employees in the same industry work 21.8 hours and earn an average annual salary of $35,601.

The locations with the highest concentration of employees in the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector are Murray Hill, Gramercy & Stuyvesant Town PUMA, NY, Battery Park City, Greenwich Village & Soho PUMA, NY, and Chelsea, Clinton & Midtown Business District PUMA, NY. The industry that purchases the most products or services from the Hospitals Industry Group is Finance & Insurance, and Real Estate, Rental & Leasing.

Workforce

A snapshot of jobs, wages, and opportunities in the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector. Financial managers are the most common position, but the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector employs a relatively high number of Tellers, compared to other industries. 

The highest average salary in Finance & Insurance, and Real Estate, Rental & Leasing goes to Physicians.

Monthly Employment

Showing data for the Financial Activities industry sector.
Start Year
Y-Axis
1.67%
Year-over-year growth
Employment change between May 2020 and May 2021

As of May 2021, there are 8.56M people employed in the Financial Activities industry. This represents a 1.67% increase in employment when compared to May 2020.

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

View Data
Save Image
Add Data to Cart

Occupations

Occupations by Share

6.43M
Workforce (BLS Estimate)
ACS Estimate: 9.77M
1.84%
1 Year Growth
± 1.06%

The Bureau of Labor Statistics estimates that there were 6.43M people employed in the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector in 2019.

According to ACS estimates, the number of people employed in the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector has been growing at a rate of 1.84%, , from 9.6M people in 2018 to 9.77M people in 2019.

The following graphic shows the share of employment in Finance & Insurance, and Real Estate, Rental & Leasing by various occupations according to ACS estimates. Financial managers represent the largest share of positions held in Finance & Insurance, and Real Estate, Rental & Leasing at 8.24%, followed by Real estate brokers & sales agents with 6.82% and Insurance sales agents with 5.51%.

View Data
Save Image
Add Data to Cart

Most Common

The most common occupations in the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector, by number of employees, are Financial managers, Real estate brokers & sales agents, Insurance sales agents, Property, real estate, & community association managers, and Customer service representatives.

View Data
Save Image
Add Data to Cart
View Data
Save Image
Add Data to Cart

Most Specialized

Compared to other Industry Sectors, Finance & Insurance, and Real Estate, Rental & Leasing employs an unusually high number of Tellers, Insurance sales agents, and New accounts clerks.

View Data
Save Image
Add Data to Cart
View Data
Save Image
Add Data to Cart

Highest Paid

The highest paid occupations in Finance & Insurance, and Real Estate, Rental & Leasing, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Chief executives & legislators.

View Data
Save Image
Add Data to Cart
View Data
Save Image
Add Data to Cart

Wages

Average Salary

$84,499
AVERAGE WAGE
± $784

On average, employees in the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector make $84,499 per year. This number makes Finance & Insurance, and Real Estate, Rental & Leasing the 3 highest paying Industry Sector in the United States out of a total of 14 Industry Sectors.

View Data
Save Image
Add Data to Cart

Wage by Location

HIGHEST PAYING PUBLIC USE MICRODATA AREA

This map shows which public use microdata areas (PUMAs) pay the highest average salary to employees in the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector.

View Data
Save Image
Add Data to Cart

Wage Distribution

0.478
WAGE GINI

Finance & Insurance, and Real Estate, Rental & Leasing has a wage GINI of 0.478, which is more than than the national average of 0.478. In other words, wages are distributed less evenly in Finance & Insurance, and Real Estate, Rental & Leasing (shown in red) in comparison to the national average for those wage buckets (shown in gray).

View Data
Save Image

Opportunities

Spatial Concentration

This map shows the PUMAs in the United States that have revealed comparative advantage in the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector.

These are locations that employ more people in the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector than expected given both the size of that location's overall labor pool and the national size of the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector.

View Data
Save Image
Add Data to Cart

Diversity

Demographic information on the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector in the US. Male employees tend to earn more than Female employees, with average respective salaries of $108,693 and $63,821. So too tend to earn more than other races and ethnicities in this industry.

Gender Composition

5.27M
FEMALE WORKFORCE
±55.4k
4.5M
MALE WORKFORCE
±51.3k

53.9% of workers in the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector are Female, making them the more common gender in the workforce. This chart shows the gender breakdown of the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector.

View Data
Save Image
Add Data to Cart

Wage by Gender in Common Jobs

$108,693
AVERAGE MALE SALARY
±$1,432
$63,821
AVERAGE FEMALE SALARY
±$715

On average, Male workers in the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector make 1.7 times more than their Female counterparts. This chart shows the gender-based wage disparity in the 5 most common occupations in the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector.

View Data
Save Image
Add Data to Cart

Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY
  1. Asian
  2. White
  3. Two or More Races

On average, Asian employees in the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector earn 1.26 times more than other races and ethnicities. This chart shows the race and ethnicity-based wage disparities in the 5 most common occupations in the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector.

View Data
Save Image
Add Data to Cart

Input/Output

Estimates of the sources of the costs and the purchasers of the products in the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector. Based on estimates from the Bureau of Economic Analysis, this section indicates the amount of money spent by a specific industry in other industries. Finance, insurance, real estate, rental, and leasing has the highest single input, by dollars, to the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector, and the largest industry purchasing services from the Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector is Finance, insurance, real estate, rental, and leasing.

In this visualization, click on a category to expand or collapse it. 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.

View Data
Save Image

Intermediate Inputs

The Finance & Insurance, and Real Estate, Rental & Leasing Industry Sector 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.

View Data
Save Image
Add Data to Cart

Use of Output by Other Industries

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

View Data
Save Image
Add Data to Cart

Projections

Growth projections of the Finance and Insurance industry, both by number of employees and output, from the Bureau of Labor and Statistics. The national workforce is projected to grow 7.66% in the next ten years. The Finance and Insurance industry has a lower projected workforce growth at 1.03%. Its projected 10-year growth in output (15.2%) is lower than the projected national growth in output (24.2%).

Job Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Finance and Insurance.
1.03%
Estimated Job Growth
10-year Projection
7.66%
National Growth
10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Finance and Insurance. This industry is expected to grow less than than 7.66%, the average rate of national job growth.

View Data
Save Image

Output Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Finance and Insurance.
15.2%
Estimate Growth
10-year Projection

This line chart shows the projected 10-year growth in output of the Finance and Insurance industry.

View Data
Save Image