Real Estate Broker

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AVG. SALARY

$78,430

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EDUCATION

Post-secondary training +

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JOB OUTLOOK

Decreasing

Money & Outlook

:

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North Dakota Earnings

Average Annual Wage

$78,430

Entry Annual Wage

$72,630

Experienced Annual Wage

$78,730

Average Hourly Wage

$37.71

Entry Hourly Wage

$34.92

Experienced Hourly Wage

$37.85

Median Hourly Wage

$35.24

North Dakota's Employment and Outlook (State-wide)

Outlook Decreasing
Growth rate is estimated to be -1%
Job Openings 16 estimated annual job openings
Employment 197 were employed in this occupation

North Dakota's Regional Employment and Outlook

Regions with stable outlook (0 to 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 1 15 7% 1 1
Region 5 72 7% 7 7
Region 7 38 3% 3 3
Region 8 14 0% 1 1

Regions with decreasing outlook (negative growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 2 19 -11% 2 2
Region 4 16 -19% 1 1

National Earnings

Average Annual Wage

$83,950

Average Hourly Wage

$40.36

Average Annual Range

$37,110 to $143,300

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook stable
  The employment change from 2024 to 2034 is estimated to be +3%.
(The National average for all occupations is +3%)
Job Openings very small number
  Less than 1000 average annual openings are expected for this occupation between 2024 and 2034.
(The National Average for all occupations is 1,696 openings)
Employment small occupation
  This was a small occupation in the United States, employing 111,300 workers in 2024.
(The National average for all occupations is 152,838 workers)
Growth Average growth
  There will be a continued demand for real estate brokers and sales agents because people turn to these workers when looking for a new home, relocating, or purchasing property for a business, among other reasons. Employment is projected to grow along with the real estate market. 
Self-Employment In 2024, 54.5% of the people in this occupation were self-employed.
Industries Large concentrations of this occupation are found in these industries
  • Self-employed workers (54.5%)
  • Real estate and rental and leasing (NAICS530000) (39.5%)
  • Real estate (NAICS531000) (39.5%)