Real Estate, Rental and Leasing Wages and Salaries in District of Columbia
DCWREA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,644,006.00
Year-over-Year Change
6.23%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures the wages and salaries paid in the real estate, rental, and leasing industry in the District of Columbia. It provides valuable insights into economic conditions and labor market trends in this key sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Real Estate, Rental and Leasing Wages and Salaries in District of Columbia metric tracks the total compensation paid to workers in this industry within the Washington, D.C. metropolitan area. It is an important indicator of the strength and competitiveness of the local real estate market.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
This metric is closely monitored by policymakers, economists, and real estate market analysts to assess the health and outlook of the D.C. economy.
Key Facts
- The real estate industry accounts for over 7% of D.C.'s GDP.
- Wages in this sector have grown by 20% over the past 5 years.
- D.C. has the highest real estate wages of any U.S. metro area.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total wages and salaries paid to workers in the real estate, rental, and leasing industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the strength and competitiveness of the D.C. real estate market, making it a key indicator for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through employer surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the health and outlook of the D.C. economy, as the real estate industry is a major driver of local growth and employment.
Q: Are there update delays or limitations?
A: This data is published on a quarterly basis with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Real Estate, Rental and Leasing Wages and Salaries in District of Columbia (DCWREA), retrieved from FRED.