Real Estate Employment and Wages in 2022

In 2022, the Real Estate industry employed over 2.3 million people in the United States, reflecting an increase of 7.3% from 2021. The annual mean wage in 2022 was $58,530, and the median wage was $46,200. Compared to the national average, the wages in this industry group were lower by 5.4%.

Industry Sub-Groups

Among the industry sub-groups, Real Estate held the largest number of jobs within the Real Estate industry, employing over 1.8 million people in 2022. The annual mean wage in this sub-group was $60,440, with a median wage of $46,890. There was an increase in wage variance to the national average compared to 2021, with the variance shifting from -4.1% to -2.4%, indicating industry wages outpaced national wage trends.

Rental and Leasing Services (5322, 5323, and 5324 only) accounted for a substantial employment share, with 326 thousand people employed in 2022. The annual mean wage for this sub-group was $54,700, and the median wage was $45,480. The wage variance to the national average remained unchanged from 2021 at -11.6%.

The sub-group of Automotive Equipment Rental and Leasing also had considerable industry employment, with approximately 191 thousand people employed in 2022. The annual mean wage in this sub-group was $43,800 and the median wage was $36,660. The wage variance to the national average experienced a decrease compared to 2021, with the variance shifting from -28.3% to -29.2%.

Highest Employment Occupations

When we examine the top occupations in terms of employment within the Real Estate industry, we find that General and Operations Managers had the highest annual mean wage in 2022, at $112,940, and a median wage of $85,550. The industry variance to the national average was -8.1%. Accountants and Auditors had an annual mean wage of $82,350 and a median wage of $75,320. The industry variance to the national average was -5.1%. Property, Real Estate, and Community Association Managers had an annual mean wage of $69,180 and a median wage of $59,310. The industry variance to the national average was -9.1%.

Conversely, notable occupations with lower wages within the Real Estate industry included Janitors and Cleaners, Except Maids and Housekeeping Cleaners, with an annual mean wage of $38,050 and a median wage of $34,590. The industry variance to the national average was 12%. Office Clerks, General had an annual mean wage of $40,260 and a median wage of $37,590. The industry variance to the national average was -2.1%. Secretaries and Administrative Assistants, Except Legal, Medical, and Executive had an annual mean wage of $41,270 and a median wage of $38,860. The industry variance to the national average was -4.9%.

Summary

The Real Estate industry employed over 2.3 million people in the United States in 2022, with a notable increase of 7.3% from the previous year. However, the wages in this industry group were lower compared to the national average by 5.4%. Despite the lower wages, the Real Estate industry experienced significant employment growth, indicating its continued importance in the economy.

For more detailed industry insights, consider purchasing Aimiax’s 2022 Real Estate Industry Report.