Minnesota · NAICS 531 · Annual, 2025
Real Estate in Minnesota
Employment, establishments and average pay for NAICS 531 in Minnesota, 2004–2025, from DTG's QCEW-based estimates.
In 2025, Real Estate (NAICS 531) employed about 28,900 people in Minnesota across roughly 5,991 establishments, with average annual pay of $71,130.
Employment in Real Estate in Minnesota grew 7.1% from 2004 to 2025. Quarterly values, full industry detail and projections to 2036 for Minnesota are included with a free account. County-level detail is part of every paid plan, or one county free for seven days.
- 28,900Employment, 2025
- 5,991Establishments
- $71,130Avg. annual pay
- 1.0%Share of Minnesota jobs
- 0.83Location quotient
Employment, 2004 to 2025
Annual average · all ownerships
Annual employment, 2004–2025: 2004 27,000; 2005 27,500; 2006 27,900; 2007 29,000; 2008 28,100; 2009 27,500; 2010 28,000; 2011 28,300; 2012 31,400; 2013 32,000; 2014 31,400; 2015 31,600; 2016 27,100; 2017 27,600; 2018 27,900; 2019 28,400; 2020 27,800; 2021 28,200; 2022 28,800; 2023 29,000; 2024 29,000; 2025 28,900.
Last ten years
Annual · 10 years
| Year | Employment | Estab. | Avg. annual pay | Change | Source |
|---|---|---|---|---|---|
| 2025 | 28,897 | 5,991 | $71,134 | 0.4% | pub. |
| 2024 | 29,026 | 6,175 | $66,914 | 0.2% | pub. |
| 2023 | 28,957 | 6,175 | $65,079 | 0.7% | pub. |
| 2022 | 28,769 | 6,060 | $63,207 | 2.1% | pub. |
| 2021 | 28,190 | 5,795 | $61,266 | 1.5% | est. · 1.00 |
| 2020 | 27,763 | 5,647 | $56,657 | 2.2% | est. · 1.00 |
| 2019 | 28,394 | 5,530 | $52,647 | 1.8% | est. · 1.00 |
| 2018 | 27,906 | 5,458 | $50,366 | 1.3% | est. · 1.00 |
| 2017 | 27,560 | 5,269 | $49,787 | 1.8% | est. · 1.00 |
| 2016 | 27,071 | 5,012 | $47,983 | 14.4% | pub. |
† Not disclosed in QCEW; DTG estimate.
The full history from 2004 and quarterly values are available with a free account.
Where these numbers come from
Reading these figures
The figures on this page come from one named vintage, stated below, and are annual values for all ownerships combined. Where QCEW withheld a value, the marked figure is an estimate that DTG produced under the constraints of the published record; suppression is a property of QCEW, not of DTG, and a withheld value is marked rather than silently omitted. Two things DTG itself holds back, and says so where it does: an estimate that cannot be given a reliability score is not shown, and average pay is not shown where fewer than three jobs are reported. The row is marked withheld, with the reason in a note beneath the table. The mark is on every row that carries a value: the headline, the yearly history, the subsectors and the other states. An estimated value that rounds below one is shown as less than one, not as zero. Quarterly figures, county figures and projected years are in the app.
How this figure was built
Employment is the average of the three monthly counts in each quarter, averaged across the year, and establishments are averaged across the year the same way. Average annual pay is the year’s total wages divided by that average employment. Each of these is DTG’s value: QCEW’s published figure where QCEW disclosed it, and DTG’s estimate, marked, where it did not. How withheld values are estimated, and what the reliability score beside a figure means, are described on the industry data and disclosure and provenance pages.
Notes
Data Tactical Group is an independent company and is not affiliated with or endorsed by any federal agency.
Real Estate in Minnesota, quarterly, at full depth
This page shows annual figures for real estate in Minnesota. A free account shows every detailed industry beneath it, quarterly, for every state, with projections to ten years. No card.
County figures, file export and the API are on paid plans.