522292/Real Estate Credit
US businesses, employees and payroll, 2017 to 2023
242K
employees, 2023
242K
employees, 2023
In 2023, 16,591 US Real Estate Credit business locations employed 241,669 people and paid $24.7 billion in annual payroll, $102,251 per employee on average. Employment was down 31.5% from 2022. California had the most employees.
Updated Oct 9, 2026 · data year 2023
Business locations
16,591
-10.7% vs 2022
Employees
241,669
-31.5% vs 2022
Annual payroll
$24.7B
-33.9% vs 2022
Average pay
$102,251
-3.5% vs 2022
Over the years
United States, 2017 to 2023
Employees
Paid employees in mid-March
Business locations
Places with paid employees
By state
Employees of Real Estate Credit in each state, 2023
Employees by state
States with the most employees
Employees and the share of all the state's jobs
| State | Business locations | Employees | Average pay | Share of state jobs |
|---|---|---|---|---|
| California | 2,124 | 35,249 | $107,670 | 0.21% |
| Texas | 1,479 | 31,087 | $102,386 | 0.26% |
| Michigan | 322 | 19,888 | $87,050 | 0.49% |
| Arizona | 511 | 14,027 | $88,604 | 0.49% |
| Florida | 1,364 | 13,926 | $109,472 | 0.14% |
| New York | 405 | 9,380 | $139,975 | 0.11% |
| Ohio | 407 | 7,818 | $87,606 | 0.15% |
| Illinois | 412 | 7,674 | $108,161 | 0.14% |
| Pennsylvania | 430 | 7,281 | $104,750 | 0.13% |
| Colorado | 519 | 7,203 | $99,618 | 0.28% |
| Virginia | 615 | 7,005 | $109,318 | 0.20% |
| New Jersey | 448 | 6,877 | $95,178 | 0.17% |
| Tennessee | 342 | 6,451 | $96,538 | 0.22% |
| Maryland | 394 | 5,364 | $138,286 | 0.22% |
| North Carolina | 598 | 5,192 | $93,356 | 0.12% |
The 15 states with the most employees. Download the CSV for all 51.
Top metro areas
Metro and micro areas with the most Real Estate Credit employees, 2023
Metro areas with the most employees
| Metro area | Locations | Employees | Average pay |
|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX | 502 | 19,208 | $108,157 |
| Detroit-Warren-Dearborn, MI | 154 | 17,192 | $87,746 |
| Los Angeles-Long Beach-Anaheim, CA | 701 | 14,041 | $100,684 |
| Phoenix-Mesa-Chandler, AZ | 369 | 12,474 | $89,930 |
| New York-Newark-Jersey City, NY-NJ | 594 | 12,134 | $127,502 |
| Chicago-Naperville-Elgin, IL-IN | 345 | 7,233 | $107,871 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 339 | 6,250 | $115,353 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 391 | 5,861 | $142,334 |
| Houston-Pasadena-The Woodlands, TX | 321 | 5,750 | $88,866 |
| San Diego-Chula Vista-Carlsbad, CA | 237 | 5,729 | $91,271 |
| Denver-Aurora-Centennial, CO | 269 | 5,247 | $99,939 |
| Miami-Fort Lauderdale-West Palm Beach, FL | 424 | 4,849 | $123,849 |
| Oxnard-Thousand Oaks-Ventura, CA | 63 | 4,201* | $129,719 |
| Cleveland, OH | 115 | 4,056 | $91,579 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 340 | 4,005 | $77,564 |
Business size
US Real Estate Credit business locations by number of employees, 2023
Locations by size
| Employees | Locations | Share |
|---|---|---|
| Under 5 | 10,395 | 62.7% |
| 5 to 9 | 3,074 | 18.5% |
| 10 to 19 | 1,587 | 9.6% |
| 20 to 49 | 873 | 5.3% |
| 50 to 99 | 299 | 1.8% |
| 100 to 249 | 210 | 1.3% |
| 250 to 499 | 84 | 0.5% |
| 500 to 999 | 40 | 0.2% |
| 1,000 or more | 29 | 0.2% |
Related industries
The industries this code belongs to
Part of Finance and Insurance 52Credit Intermediation and Related Activities 522Nondepository Credit Intermediation 5222Other Nondepository Credit Intermediation 52229
Questions and answers
How many people work in Real Estate Credit in the US?
241,669 people worked at 16,591 US Real Estate Credit business locations in 2023, down 31.5% from 2022. That is 0.17% of all US private-sector employees.
What is the average pay in Real Estate Credit?
$102,251 a year per employee in 2023, from $24.7 billion in annual payroll (down 3.5% from 2022). The average across all US industries was $68,342.
Which state has the most Real Estate Credit jobs?
California had the most, with 35,249 employees in 2023, followed by Texas (31,087) and Michigan (19,888).
Which metro areas have the most Real Estate Credit jobs?
Dallas-Fort Worth-Arlington, TX (19,208), Detroit-Warren-Dearborn, MI (17,192), Los Angeles-Long Beach-Anaheim, CA (14,041) had the most Real Estate Credit employees in 2023.
Are most Real Estate Credit businesses small?
90.7% of the 16,591 Real Estate Credit business locations had fewer than 20 employees in 2023, and 69 had 500 or more.
Official US government statistics, published once a year. Business locations are places with paid employees; employees are counted in mid-March; payroll covers the whole year. Covers most private employers, not the self-employed, most government workers or farm workers on farms. * Less accurate: changed by 5% or more to protect privacy. Changes from the year before are shown only when both years use the same edition of the industry codes.