Real estate brokers & sales agents

Detailed Occupation

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2023 Workforce

684k

Average Age

48.5

Average Salary

$99,614

Average Male Salary

$123,485

Average Female Salary

$80,067

About

Real estate brokers & sales agents are most often employed by the Lessors of real estate, and offices of real estate agents and brokers industry. The average yearly wage for Real estate brokers & sales agents was $99,614 in 2023.

The locations that employ the most Real estate brokers & sales agents are Orange County (Southwest)--Disney-International Drive Region PUMA, FL, Atlanta Regional Commission--Fulton County (Central)--Atlanta City (North) PUMA, GA, and NYC-Manhattan Community District 8--Upper East Side & Roosevelt Island PUMA, NY. The locations with a relatively high concentration of Real estate brokers & sales agents are Lee County (South & West)--Barrier Islands Region PUMA, FL, Miami-Dade County (NE)--Aventura, Sunny Isles Beach, North Miami Beach (East) Cities PUMA, FL, and Miami-Dade County (East)--Miami City (South) & Key Biscayne Village PUMA, FL.

Photo by Sherwood CC

Employment

Employment and salary information for the Real estate brokers & sales agents workforce. Real estate brokers & sales agents workforce in 2023 was 684,018 people, of which 55% were women and 45% were men. Real estate brokers & sales agents are paid most in NYC-Manhattan Community District 3--Lower East Side & Chinatown PUMA, NY but are relatively concentrated in Lee County (South & West)--Barrier Islands Region PUMA, FL.

Employment Over Time

Metric

Grouping

307,953

Male Workforce

± 13.6k

376,065

Female Workforce

± 15k

The Real estate brokers & sales agents workforce in 2023 was 684,018 people (55% women and 45% men). This implies an average annual growth of 32.2% between 2014 (517,536) and 2023 (684,018).

Employment by Location

Level

Metric

This map shows the states in the United States shaded by average wage for Real estate brokers & sales agents.

During 2023, the states that concentrated the best average annual wage were District of Columbia ($167,292), Nebraska ($135,194), and Connecticut ($133,076).

Yearly Wage Ranking

$99,614

AVERAGE WAGE

#84 in the ranking (2023)

$67,727

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2023, Real estate brokers & sales agents earned an average of $99,614, $31,887 more than the average national salary of $67,727

The graph shows the ranking of Real estate brokers & sales agents in relation to all Detailed Occupation in 2023.

Wage Distribution

Gender

0.524

WAGE GINI

In 2023, Real estate brokers & sales agents had a wage GINI coefficient of 0.524, which is higher than the national average of 0.476. In other words, wages are distributed less evenly for Real estate brokers & sales agents (shown in red) than for the overall labor force (shown in gray).

The graphic shows the distribution of average salaries by buckets for Real estate brokers & sales agents compared to the entire workforce in the country.

Industry

Information on the industries that employ Real estate brokers & sales agents and on wages for those in the field. Lessors of real estate, and offices of real estate agents and brokers is the industry that employs the most Real estate brokers & sales agents, both by share and by number, though the highest paid industry for Real estate brokers & sales agents, by average wage, is Advertising, public relations & related services ($225,520).

Occupations by Industries

Metric

Value

684k

2023 Workforce

± 20,260

1.47%

1 YEAR GROWTH

± 4.14%

This graphic shows the share of Real estate brokers & sales agents employed by various industries. Lessors of real estate, and offices of real estate agents and brokers employs the largest share of Real estate brokers & sales agents at 97%, followed by Real estate property managers, offices of real estate appraisers, and other activities related to real estate with 1.97% and Construction with 0.746%.

Diversity

Demographic information on Real estate brokers & sales agents in the US. The workforce of Real estate brokers & sales agents in 2023 was 684,018 people, with 55% woman, and 45% men. The average age of male Real estate brokers & sales agents in the workforce is 48.4 and of female Real estate brokers & sales agents is 48.6, and the most common race/ethnicity for Real estate brokers & sales agents is White.

Gender and Age

Metric

The workforce of Real estate brokers & sales agents in 2023 was 684,018 people, with 55% woman, and 45% men.

The age ranges that concentrated the largest workforce were 50 to 54 years (77,166 people), 55 to 59 years (76,653 people), and 40 to 44 years (73,561 people). Among them they concentrated 33.3% of the total workforce.

Ethnicity

Gender

In 2023, 12.1% of Real estate brokers & sales agents workers were Hispanic and 87.9% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (43.7%), Cuban (9.3)%, and Puerto Rican (9.29)%

You can review this information by gender using the selectors above.

Races

In 2023, 76.7% of the Real estate brokers & sales agents workforce were White, of which 54.1% were women and 45.9% men. Other races that concentrated a significant number of workers were Two or More Races (8.04%) and Black (6.46%).

Education & Skills

Data on higher education choices for Real estate brokers & sales agents from The Department of Education and Census Bureau. The most common major for Real estate brokers & sales agents is Business but the most specialized major according to RCA in 2023 were Legal.

Among the necessary skills for Real estate brokers & sales agents, Active Listening stands, but the revealed comparative advantage (RCA) shows that Real estate brokers & sales agents need more than the average amount of Negotiation.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.

Type of Majors

Degree

The most common majors achieved by Real estate brokers & sales agents in 2023 (counting all academic degrees) were Business (134,901 people), Social Sciences (34,580 people), and Communications (27,118 people).

You can review this information for different academic grades by modifying the option selected in the selector above.

Education Levels

Metric

The main educational levels achieved by the Real estate brokers & sales agents workers were Bachelors Degree (267,436 people), Some college (167,177 people), and High School or Equivalent (87,613 people).

The graphic shows the Real estate brokers & sales agents workforce by gender and educational level.

Skills

Chart

Value

Data on the critical and distinctive skills necessary for Real estate brokers & sales agents from the Bureau of Labor Statistics. Real estate brokers & sales agents need many skills, but most especially Active Listening, Speaking, Negotiation.