Real estate

Industry Group

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Workforce

1.72M

2019 BLS Estimate

Average Employee Age

46.4

Estimated Job Growth

0.483%

10-Year Projection

Average Salary

$58,724

Average Male Salary

$68,967

Average Female Salary

$65,820

About

The top three occupations in the Real estate Industry Group are Real estate brokers & sales agents, Property, real estate, & community association managers, Janitors & building cleaners, Secretaries & administrative assistants, and Maintenance & repair workers, general. On average, full-time employees in the Real estate Industry Group work 43.9 hours per week and have an average annual salary of $66,464. Part-time employees in the same industry work 21.8 hours and earn an average annual salary of $26,306.

The locations with the highest concentration of employees in the Real estate Industry Group are Miami Beach City & Miami Shores Village PUMA, FL, Eagle, Summit, Grand & Jackson Counties PUMA, CO, and Miami City (East) & Key Biscayne Village PUMA, FL. The industry that purchases the most products or services from the Hospitals Industry Group is Real estate.

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

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

Monthly Employment

Start Year

Y-Axis

4.13%

Year-over-year growth

Employment change between May 2020 and May 2021

As of May 2021, there are 1.13M people employed in the Real Estate industry. This represents a 4.13% increase in employment when compared to May 2020.

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

Occupations by Share

1.72M

Workforce (BLS Estimate)

ACS Estimate: 2.13M

3.15%

1 Year Growth

± 2.31%

The Bureau of Labor Statistics estimates that there were 1.72M people employed in the Real estate Industry Group in 2019.

According to ACS estimates, the number of people employed in the Real estate Industry Group has been growing at a rate of 3.15%, , from 2.06M people in 2016 to 2.13M people in 2017.

The following graphic shows the share of employment in Real estate by various occupations according to ACS estimates. Real estate brokers & sales agents represent the largest share of positions held in Real estate at 26.7%, followed by Property, real estate, & community association managers with 21.6% and Janitors & building cleaners with 7.87%.

Average Salary

$58,724

AVERAGE WAGE

± $1,245

On average, employees in the Real estate Industry Group make $58,724 per year. This number makes Real estate the 81 highest paying Industry Group in the United States out of a total of 269 Industry Groups.

Wage by Location

HIGHEST PAYING PUBLIC USE MICRODATA AREA

HIGHEST PAYING PUMAS

This map shows which public use microdata areas (PUMAs) pay the highest average salary to employees in the Real estate Industry Group.

Wage Distribution

WAGE GINI

Real estate has a wage GINI of 1, 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).

Spatial Concentration

This map shows the PUMAs in the United States that have revealed comparative advantage in the Real estate Industry Group.

These are locations that employ more people in the Real estate Industry Group than expected given both the size of that location's overall labor pool and the national size of the Real estate Industry Group.

Diversity

Demographic information on the Real estate Industry Group in the US. Male employees tend to earn more than Female employees, with average respective salaries of $68,967 and $65,820. So too tend to earn more than other races and ethnicities in this industry.

Composition by Sex

1.04M

FEMALE WORKFORCE

±25k

1.08M

MALE WORKFORCE

±25.5k

51% of workers in the Real estate Industry Group are Male, making them the more common sex in the workforce. This chart shows the sex breakdown of the Real estate Industry Group.

Wage by Sex in Common Jobs

$68,967

AVERAGE MALE SALARY

±$2,057

$65,820

AVERAGE FEMALE SALARY

±$1,984

On average, Male workers in the Real estate Industry Group make 1.05 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.

Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY

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On average, false employees in the Real estate Industry Group earn NaNM 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 Industry Group.

Input/Output

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. 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.

Industrial Flow

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

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.

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 7.66% in the next ten years. The Real estate industry has a lower projected workforce growth at 0.483%. Its projected 10-year growth in output (20.3%) is lower than the projected national growth in output (24.2%).

Job Growth

0.483%

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 Real estate. This industry is expected to grow less than than 7.66%, the average rate of national job growth.