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

Industry Group

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Workforce

1.72M

2019 BLS Estimate

Average Employee Age

46.7

Estimated Job Growth

0.483%

10-Year Projection

Average Salary

$68,406

Average Male Salary

$82,434

Average Female Salary

$78,757

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, Janitors & building cleaners, Secretaries and administrative assistants, except legal, medical, and executive, and Maintenance & repair workers, general. 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 $77,711. Part-time employees in the same industry work 21.5 hours and earn an average annual salary of $31,918.

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 City (East) & Key Biscayne Village PUMA, FL, Newport Beach, Aliso Viejo & Laguna Hills Cities PUMA, CA, and Miami Beach City & Miami Shores Village PUMA, FL. The industry that purchases the most products or services from the Hospitals Industry Group is Lessors of real estate, and offices of real estate agents and brokers.

Workforce

A snapshot of jobs, wages, and opportunities 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, but the Lessors of real estate, and offices of real estate agents and brokers Industry Group employs a relatively high number of Real estate brokers & sales agents, compared to other industries.

The highest average salary in Lessors of real estate, and offices of real estate agents and brokers goes to Education administrators.

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).

Occupations by Share

1.72M

Workforce (BLS Estimate)

ACS Estimate: 1.71M

0.291%

1 Year Growth

± 2.64%

The Bureau of Labor Statistics estimates that there were 1.72M people employed in the Lessors of real estate, and offices of real estate agents and brokers Industry Group in 2019.

According to ACS estimates, the number of people employed in the Lessors of real estate, and offices of real estate agents and brokers Industry Group has been growing at a rate of 0.291%, , from 1.7M people in 2019 to 1.71M people in 2020.

The following graphic shows the share of employment in Lessors of real estate, and offices of real estate agents and brokers by various occupations according to ACS estimates. Real estate brokers & sales agents represent the largest share of positions held in Lessors of real estate, and offices of real estate agents and brokers at 33.1%, followed by Property, real estate, & community association managers with 19% and Janitors & building cleaners with 6.53%.

Most Common

The most common occupations in the Lessors of real estate, and offices of real estate agents and brokers Industry Group, by number of employees, are Real estate brokers & sales agents, Property, real estate, & community association managers, Janitors & building cleaners, Secretaries and administrative assistants, except legal, medical, and executive, and Maintenance & repair workers, general.

Most Specialized

Compared to other Industry Groups, Lessors of real estate, and offices of real estate agents and brokers employs an unusually high number of Real estate brokers & sales agents, Property, real estate, & community association managers, and Property appraisers and assessors.

Highest Paid

The highest paid occupations in Lessors of real estate, and offices of real estate agents and brokers, by average wage, are Education administrators, Personal financial advisors, and Chief executives & legislators.

Average Salary

$68,406

AVERAGE WAGE

± $1,652

On average, employees in the Lessors of real estate, and offices of real estate agents and brokers Industry Group make $68,406 per year. This number makes Lessors of real estate, and offices of real estate agents and brokers the 70 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 Lessors of real estate, and offices of real estate agents and brokers Industry Group.

Wage Distribution

0.509

WAGE GINI

Lessors of real estate, and offices of real estate agents and brokers has a wage GINI of 0.509, which is more than than the national average of 0.478. 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).

Spatial Concentration

Public Use Microdata Areas with RCA

This map shows the PUMAs in the United States that have revealed comparative advantage in the Lessors of real estate, and offices of real estate agents and brokers Industry Group.

These are locations that employ more people in the Lessors of real estate, and offices of real estate agents and brokers Industry Group than expected given both the size of that location's overall labor pool and the national size of the Lessors of real estate, and offices of real estate agents and brokers Industry Group.

Diversity

Demographic information on the Lessors of real estate, and offices of real estate agents and brokers Industry Group in the US. Male employees tend to earn more than Female employees, with average respective salaries of $82,434 and $78,757. So too tend to earn more than other races and ethnicities in this industry.

Composition by Sex

854k

FEMALE WORKFORCE

±22.6k

851k

MALE WORKFORCE

±22.6k

50.1% of workers in the Lessors of real estate, and offices of real estate agents and brokers Industry Group are Female, making them the more common sex in the workforce. This chart shows the sex breakdown of the Lessors of real estate, and offices of real estate agents and brokers Industry Group.

Wage by Sex in Common Jobs

$82,434

AVERAGE MALE SALARY

±$2,792

$78,757

AVERAGE FEMALE SALARY

±$2,694

On average, Male workers in the Lessors of real estate, and offices of real estate agents and brokers 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 Lessors of real estate, and offices of real estate agents and brokers Industry Group.

Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY

Asian
White
Two or More Races

On average, Asian employees in the Lessors of real estate, and offices of real estate agents and brokers Industry Group earn 1.08 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 Lessors of real estate, and offices of real estate agents and brokers Industry Group.

Input/Output

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. 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.

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.

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

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. This visualization does not include labor and capital costs.

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.

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

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

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.