Real Estate, Rental & Leasing

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Workforce

2.14M

2016 BLS Estimate

Average Employee Age

45.5

Estimated Job Growth

0.6%

10-Year Projection

Average Salary

$59,155

Average Male Salary

$67,364

Average Female Salary

$49,652

About

The top three occupations in the Real Estate, Rental & Leasing Industry Group are Real estate brokers & sales agents, Property, real estate, & community association managers, Janitors & building cleaners, Secretaries & administrative assistants, and Accountants & auditors. On average, full-time employees in the Real Estate, Rental & Leasing Industry Sub-Sector work 43.9 hours per week and have an average annual salary of $66,733. Part-time employees in the same industry work 21.9 hours and earn an average annual salary of $26,715.

The locations with the highest concentration of employees in the Real Estate, Rental & Leasing Industry Sub-Sector are Miami City (East) & Key Biscayne Village PUMA, FL, Miami Beach City & Miami Shores Village PUMA, FL, and San Diego City (Southwest/Central Coastal) PUMA, CA. The industry that purchases the most products or services from the Hospitals Industry Group is Real Estate, Rental & Leasing.

Workforce

A snapshot of jobs, wages, and opportunities in the Real Estate, Rental & Leasing Industry Sub-Sector. Real estate brokers & sales agents are the most common position, but the Real Estate, Rental & Leasing Industry Sub-Sector employs a relatively high number of Real estate brokers & sales agents, compared to other industries. 

The highest average salary in Real Estate, Rental & Leasing goes to Education administrators.

Occupations

Occupations by Share

2.14M

Workforce (BLS Estimate)

ACS Estimate: 2.66M

0.732%

1 Year Growth

± 2.1%

The Bureau of Labor Statistics estimates that there were 2.14M people employed in the Real Estate, Rental & Leasing Industry Sub-Sector in 2016.

According to ACS estimates, the number of people employed in the Real Estate, Rental & Leasing Industry Sub-Sector has been growing at a rate of 0.732%, , from 2.64M people in 2016 to 2.66M people in 2017.

The following graphic shows the share of employment in Real Estate, Rental & Leasing by various occupations according to ACS estimates. Real estate brokers & sales agents represent the largest share of positions held in Real Estate, Rental & Leasing at 23.1%, followed by Property, real estate, & community association managers with 18.6% and Janitors & building cleaners with 6.33%.

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Most Common

The most common occupations in the Real Estate, Rental & Leasing Industry Sub-Sector, by number of employees, are Real estate brokers & sales agents, Property, real estate, & community association managers, Janitors & building cleaners, Secretaries & administrative assistants, and Accountants & auditors.

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Most Specialized

Compared to other Industry Sub-Sectors, Real Estate, Rental & Leasing employs an unusually high number of Real estate brokers & sales agents, Property, real estate, & community association managers, and Appraisers & assessors of real estate.

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Highest Paid

The highest paid occupations in Real Estate, Rental & Leasing, by average wage, are Education administrators, Architects, except naval, and Lawyers, & judges, magistrates, & other judicial workers.

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Wages

Average Salary

$59,155

AVERAGE WAGE

± $1,116

On average, employees in the Real Estate, Rental & Leasing Industry Sub-Sector make $59,155 per year. This number makes Real Estate, Rental & Leasing the 10 highest paying Industry Sub-Sector in the United States out of a total of 21 Industry Sub-Sectors.

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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 Real Estate, Rental & Leasing Industry Sub-Sector.

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Wage Distribution

0.492

WAGE GINI

Real Estate, Rental & Leasing has a wage GINI of 0.492, which is more than than the national average of 0.479. In other words, wages are distributed more evenly in Real Estate, Rental & Leasing (shown in red) in comparison to the national average for those wage buckets (shown in gray).

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Opportunities

Spatial Concentration

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

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

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Diversity

Demographic information on the Real Estate, Rental & Leasing Industry Sub-Sector in the US. Male employees tend to earn more than Female employees, with average respective salaries of $67,364 and $49,652. So too tend to earn more than other races and ethnicities in this industry.

Gender Composition

1.23M

FEMALE WORKFORCE

±27.2k

1.43M

MALE WORKFORCE

±29.2k

53.7% of workers in the Real Estate, Rental & Leasing Industry Sub-Sector are Male, making them the more common gender in the workforce. This chart shows the gender breakdown of the Real Estate, Rental & Leasing Industry Sub-Sector.

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Wage by Gender in Common Jobs

$67,364

AVERAGE MALE SALARY

±$1,746

$49,652

AVERAGE FEMALE SALARY

±$1,277

On average, Male workers in the Real Estate, Rental & Leasing Industry Sub-Sector make 1.36 times more than their Female counterparts. This chart shows the gender-based wage disparity in the 5 most common occupations in the Real Estate, Rental & Leasing Industry Sub-Sector.

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Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY

  1. White

  2. Asian

  3. Two or More Races

On average, White employees in the Real Estate, Rental & Leasing Industry Sub-Sector earn 1.07 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 Real Estate, Rental & Leasing Industry Sub-Sector.

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Input/Output

Estimates of the sources of the costs and the purchasers of the products in the Real Estate, Rental & Leasing Industry Sub-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 Real Estate, Rental & Leasing Industry Sub-Sector, and the largest industry purchasing services from the Real Estate, Rental & Leasing Industry Sub-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.

Industrial Flow

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

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Intermediate Inputs

The Real Estate, Rental & Leasing Industry Sub-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.

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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 Real Estate, Rental & Leasing Industry Sub-Sector in order to produce other goods and services. Purchases of the Real Estate, Rental & Leasing Industry Sub-Sector for final consumption by consumers, businesses, or government are not included here.

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Projections

Growth projections of the Real Estate, Rental & Leasing Industry Sub-Sector, both by number of employees and output, from the Bureau of Labor and Statistics. The national workforce is projected to grow 8.13% in the next ten years. The Real Estate, Rental & Leasing Industry Sub-Sector has a lower projected workforce growth at 0.6%. Its projected 10-year growth in output (2.4%) is lower than the projected national growth in output (24.6%).

Job Growth

0.6%

ESTIMATED GROWTH

8.13%

NATIONAL AVERAGE

This line chart shows the projected 10-year growth in the number of jobs for the Real Estate, Rental & Leasing Industry Sub-Sector, which is lower than the national average of 8.13%.

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Output Growth

2.4%

ESTIMATED GROWTH

24.6%

NATIONAL AVERAGE

This line chart shows the projected 10-year growth in output of the Real Estate, Rental & Leasing Industry Sub-Sector, which is lower than the national average of 24.6%

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