Lessors of real estate, and offices of real estate agents and brokers

Industry Group

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Workforce Population

1.73M

2023

Average Employee Age

46.8

2023

Estimated Job Growth

4.02%

10-Year Projection

Average Salary

$85,634

2023

Average Male Salary

$102,056

2023

Average Female Salary

$69,632

2023

About

The top three occupations in the Lessors of real estate, and offices of real estate agents and brokers 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 Lessors of real estate, and offices of real estate agents and brokers Industry Group work 44.1 hours per week and have an average annual salary of $96,908. Part-time employees in the same industry work 21 hours and earn an average annual salary of $42,436.

The locations with the highest concentration of employees in the Lessors of real estate, and offices of real estate agents and brokers Industry Group are Miami-Dade County (NE)--Aventura, Sunny Isles Beach, North Miami Beach (East) Cities 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 Lessors of real estate, and offices of real estate agents and brokers Industry Group in 2023 was 1,728,888 people, with 50.6% woman, and 49.4% men.

In 2023, 69.8% of the workforce in the Lessors of real estate, and offices of real estate agents and brokers Industry Group was White (1,205,977 people), of which 51.1% were women and 48.9% men.

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

Employment & Salaries

A snapshot of workforce, wages, and opportunities in the Lessors of real estate, and offices of real estate agents and brokers Industry Group.

The workforce in Lessors of real estate, and offices of real estate agents and brokers Industry Group was 1,728,888 people and is concentrated in California (211,056 workers). The average annual salary was $85,634, being $17,907 more than the national average salary, which was $67,727.

Monthly Employment

Showing data for the Financial Activities industry sector.

Start Year

Y-Axis

1.64%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 9.01M people employed in the Financial Activities industry. This represents a 1.64% increase in employment when compared to February 2022.

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

Employment by Location

The states that concentrated the largest workforce in 2023 were California (211k), Texas (168k), and Florida (165k).

This map shows the states in the United States shaded by workforce for Lessors of real estate, and offices of real estate agents and brokers Industry Group.

Yearly Wage Ranking

In 2023, Lessors of real estate, and offices of real estate agents and brokers Industry Group had an average annual wage of $85,634, $17,907 more than the average national salary of $67,727.

The graph shows the position of Lessors of real estate, and offices of real estate agents and brokers Industry Group in the ranking of industries by average annual wage.

Wage Distribution

0.508

WAGE GINI

Lessors of real estate, and offices of real estate agents and brokers has a wage GINI of 0.508, which is more than than the national average of 0.476. In other words, wages are distributed less evenly in Lessors of real estate, and offices of real estate agents and brokers (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 Lessors of real estate, and offices of real estate agents and brokers Industry Group workers compared to the entire workforce in the country.

Occupations

A review of jobs and wages in the Lessors of real estate, and offices of real estate agents and brokers Industry Group.

Real estate brokers & sales agents are the most common position with 643,807 workers, but the Lessors of real estate, and offices of real estate agents and brokers Industry Group employs a relatively high number of Property, real estate, & community association managers and Janitors & building cleaners.

The highest average salary in Lessors of real estate, and offices of real estate agents and brokers goes to Securities, commodities, & financial services sales agents.

Occupations Distribution

The graph shows the distribution of employees in the Lessors of real estate, and offices of real estate agents and brokers Industry Group according to occupations. In 2023, the occupations that concentrated the largest number of employees in this industry were real estate brokers & sales agents (643,807 people), property, real estate, & community association managers (274,062 people), and janitors & building cleaners (91,662 people)

Wage by Sex in Common Jobs

$102,056

AVERAGE MALE SALARY

±$3,412

$69,632

AVERAGE FEMALE SALARY

±$2,174

On average, Male workers in the Lessors of real estate, and offices of real estate agents and brokers Industry Group make 1.47 times more than their Female counterparts. This chart shows the sex-based wage disparity in the 5 most common occupations in the Lessors of real estate, and offices of real estate agents and brokers Industry Group.

Business

Estimates of the sources of the costs and the purchasers of the products in the Lessors of real estate, and offices of real estate agents and brokers 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 Lessors of real estate, and offices of real estate agents and brokers Industry Group.

The Lessors of real estate, and offices of real estate agents and brokers 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.

California and Florida stand out as the states with the largest number of establishments in the Lessors of real estate, and offices of real estate agents and brokers Industry Group.

Industrial Flow

The closest comparable data for Lessors of real estate, and offices of real estate agents and brokers 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 Lessors of real estate, and offices of real estate agents and brokers Industry Group, and the largest industry purchasing services from the Lessors of real estate, and offices of real estate agents and brokers 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 Lessors of real estate, and offices of real estate agents and brokers is from Finance & Insurance, and Real Estate, Rental & Leasing.

HIGHEST INPUT INDUSTRY

Finance, insurance, real estate, rental, and leasing
Professional and business services
Information

Use of Output by Other Industries

The closest comparable data for Lessors of real estate, and offices of real estate agents and brokers 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 Lessors of real estate, and offices of real estate agents and brokers Industry Group in order to produce other goods and services. Purchases of the Lessors of real estate, and offices of real estate agents and brokers Industry Group for final consumption by consumers, businesses, or government are not included here.

Establishments

States with more establishments in 2022

California
59,320
Florida
42,653
Texas
31,915

The charts shows the distribution of establishments in the Lessors of real estate, and offices of real estate agents and brokers industry by states and the number of establishments according to size.

Diversity

Demographic information on the Lessors of real estate, and offices of real estate agents and brokers Industry Group in the US.

Of the total workforce, 50.6% corresponds to women and 49.4% men. Male employees tend to earn more than Female employees, with average respective salaries of $102,056 and $69,632.

74.3% of workers have a bachelors degree, some college or high school or equivalent.

Gender and Age

875,637

Women

50.6%

853,251

Men

49.4%

The workforce of Lessors of real estate, and offices of real estate agents and brokers industry in 2023 was 1,728,888 people, with 50.6% woman, and 49.4% men.

The visualization shows the distribution of the workforce by gender and age in Lessors of real estate, and offices of real estate agents and brokers industry.

Races

In 2023, 69.8% of the workforce in the Lessors of real estate, and offices of real estate agents and brokers industry was White (1,205,977 people), of which 51.1% were women and 48.9% men.

Other races that concentrated a significant number of workers were Two or More Races and Black.

Educational Levels

The main educational levels achieved by the Lessors of real estate, and offices of real estate agents and brokers workers in 2023 were bachelors degree (560,000 people), some college (388,990 people), and high school or equivalent (336,067 people).

The chart shows the Lessors of real estate, and offices of real estate agents and brokers 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 4.02% in the next ten years. The Real Estate industry has a lower projected workforce growth at 4.02%. Its projected 10-year growth in output (22.7%) is lower than the projected national growth in output (22.7%).

Job Growth

For growth projections, the closest comparable industry reported by the Bureau of Labor Statistics is Real Estate.

4.02%

Estimated Job Growth

10-year Projection

4.02%

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 4.02%, the average rate of national job growth.