US states by business revenue: real estate, rental and leasing (Economic Census), 2022

California had the highest business revenue: real estate, rental and leasing (Economic Census) of 51 states in 2022, at $154.06 billion. Vermont had the lowest, at $945.68 million. The median was $9.41 billion and the figure for the United States was $946.39 billion. Source: the U.S. Census Bureau.

Highest154,055.2California

Lowest945.7Vermont

Median9,406.851 states

United States946,391.6History

Map of states, 2022

Under 2,000
2,000 to 5,000
5,000 to 9,000
9,000 to 17K
17K to 27K
27K and over

USD million, 2022. Source: U.S. Census Bureau, Economic Census basic statistics by geography (EC1700BASIC, EC2200BASIC): sales, value of shipments, or revenue (RCPTOT) of real estate and rental and leasing (NAICS 53), all establishments. Boundaries: U.S. Census Bureau cartographic boundary files.

All states, 2022

USD million. Source: U.S. Census Bureau, Economic Census basic statistics by geography (EC1700BASIC, EC2200BASIC): sales, value of shipments, or revenue (RCPTOT) of real estate and rental and leasing (NAICS 53), all establishments. Retrieved 2026-10-12.

Full ranking

Rank	States	2022 USD million
1	California	154,055.2
2	New York	87,101.1
3	Texas	84,842.5
4	Florida	75,675.1
5	Illinois	37,898
6	Georgia	36,851.9
7	New Jersey	30,406
8	Arizona	28,039.6
9	Pennsylvania	27,046.6
10	Washington	26,412.6
11	Ohio	25,597.1
12	Massachusetts	24,731.4
13	Virginia	22,878.2
14	Michigan	21,020.9
15	North Carolina	21,014.6
16	Maryland	20,171.3
17	Colorado	18,662.1
18	Tennessee	16,489.8
19	Minnesota	15,153.7
20	Missouri	12,664.1
21	Indiana	11,976.2
22	Nevada	10,957.1
23	Louisiana	9,914.1
24	Connecticut	9,670.9
25	South Carolina	9,656
26	Oregon	9,406.8
27	Alabama	8,825.7
28	Utah	8,558.9
29	Wisconsin	8,282.7
30	Kentucky	6,965.8
31	Delaware	6,841.6
32	Oklahoma	5,716.5
33	District of Columbia	5,527.7
34	Hawaii	5,233.9
35	Kansas	4,877
36	Iowa	4,339.9
37	Arkansas	3,726.5
38	Idaho	3,360.1
39	New Hampshire	3,321.4
40	Nebraska	2,996.3
41	New Mexico	2,822.5
42	Mississippi	2,756.7
43	Montana	2,108
44	Maine	2,023.1
45	Rhode Island	1,781.5
46	West Virginia	1,631.1
47	North Dakota	1,530.1
48	Wyoming	1,368.6
49	Alaska	1,361.9
50	South Dakota	1,195.4
51	Vermont	945.7

Other periods

2022
2017

About this ranking

Sales, value of shipments or revenue of employer establishments in real estate and rental and leasing (NAICS 53), in millions of current US dollars, from the U.S. Census Bureau Economic Census.

Economic Census, taken every five years: values exist for 2017 and 2022 only, and the 2027 census publishes about 2029. Revenue of employer establishments located in the place, in millions of current US dollars, not adjusted for inflation; nonemployers (nonemployer_receipts_usd_*) are not included, and government owned establishments are generally out of scope. Manufacturing is the value of shipments and wholesale and retail trade are sales, so an establishment selling to another counts in both and sectors do not add up to output or GDP. Cells that would disclose individual companies (flag D) or that Census does not publish are missing here, not zero; counties are published for 14 of the 18 sectors. Sectors follow NAICS 2017 for 2017 and NAICS 2022 for 2022.

Every value in the ranking comes from the same publisher and the same period, so the states are compared on one definition. Equal values share a rank.

How to cite

U.S. Census Bureau. Economic Census basic statistics by geography (EC1700BASIC, EC2200BASIC): sales, value of shipments, or revenue (RCPTOT) of real estate and rental and leasing (NAICS 53), all establishments. https://www2.census.gov/programs-surveys/economic-census/data/2022/sector00/EC2200BASIC.zip. Retrieved 2026-10-12.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

U.S. Census Bureau. (2024). Economic Census basic statistics by geography (EC1700BASIC, EC2200BASIC): sales, value of shipments, or revenue (RCPTOT) of real estate and rental and leasing (NAICS 53), all establishments (US states by business revenue: real estate, rental and leasing (Economic Census), 2022) [Data set]. Retrieved October 12, 2026, from https://www2.census.gov/programs-surveys/economic-census/data/2022/sector00/EC2200BASIC.zip

MLA 9

Economic Census basic statistics by geography (EC1700BASIC, EC2200BASIC): sales, value of shipments, or revenue (RCPTOT) of real estate and rental and leasing (NAICS 53), all establishments, US states by business revenue: real estate, rental and leasing (Economic Census), 2022. U.S. Census Bureau, 12 Dec. 2024, https://www2.census.gov/programs-surveys/economic-census/data/2022/sector00/EC2200BASIC.zip. Invokely, https://invokely.ai/rankings/business-revenue-real-estate/us-states. Accessed 12 Oct. 2026.

Chicago (author-date)

U.S. Census Bureau. 2024. Economic Census basic statistics by geography (EC1700BASIC, EC2200BASIC): sales, value of shipments, or revenue (RCPTOT) of real estate and rental and leasing (NAICS 53), all establishments. US states by business revenue: real estate, rental and leasing (Economic Census), 2022. Dataset. Accessed October 12, 2026. https://www2.census.gov/programs-surveys/economic-census/data/2022/sector00/EC2200BASIC.zip. Also distributed by Invokely, https://invokely.ai/rankings/business-revenue-real-estate/us-states.

Harvard

U.S. Census Bureau (2024) Economic Census basic statistics by geography (EC1700BASIC, EC2200BASIC): sales, value of shipments, or revenue (RCPTOT) of real estate and rental and leasing (NAICS 53), all establishments, US states by business revenue: real estate, rental and leasing (Economic Census), 2022 [Dataset]. Available at: https://www2.census.gov/programs-surveys/economic-census/data/2022/sector00/EC2200BASIC.zip, via Invokely: https://invokely.ai/rankings/business-revenue-real-estate/us-states (Accessed: 12 October 2026).

BibTeX

@misc{census_us_states_by_business_2022,
  author = {{U.S. Census Bureau}},
  title = {{Economic Census basic statistics by geography (EC1700BASIC, EC2200BASIC): sales, value of shipments, or revenue (RCPTOT) of real estate and rental and leasing (NAICS 53), all establishments: US states by business revenue: real estate, rental and leasing (Economic Census), 2022}},
  year = {2024},
  howpublished = {Data set},
  url = {https://www2.census.gov/programs-surveys/economic-census/data/2022/sector00/EC2200BASIC.zip},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/rankings/business-revenue-real-estate/us-states. Publisher attribution: U.S. Census Bureau. Economic Census basic statistics by geography (EC1700BASIC, EC2200BASIC): sales, value of shipments, or revenue (RCPTOT) of real estate and rental and leasing (NAICS 53), all establishments. https://www2.census.gov/programs-surveys/economic-census/data/2022/sector00/EC2200BASIC.zip. Retrieved 2026-10-12.},
}

RIS

TY  - DATA
AU  - U.S. Census Bureau
TI  - Economic Census basic statistics by geography (EC1700BASIC, EC2200BASIC): sales, value of shipments, or revenue (RCPTOT) of real estate and rental and leasing (NAICS 53), all establishments: US states by business revenue: real estate, rental and leasing (Economic Census), 2022
PY  - 2024
DA  - 2024/12/12
PB  - U.S. Census Bureau
DB  - Invokely
UR  - https://www2.census.gov/programs-surveys/economic-census/data/2022/sector00/EC2200BASIC.zip
L2  - https://invokely.ai/rankings/business-revenue-real-estate/us-states
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/business-revenue-real-estate/us-states.
N1  - Publisher attribution: U.S. Census Bureau. Economic Census basic statistics by geography (EC1700BASIC, EC2200BASIC): sales, value of shipments, or revenue (RCPTOT) of real estate and rental and leasing (NAICS 53), all establishments. https://www2.census.gov/programs-surveys/economic-census/data/2022/sector00/EC2200BASIC.zip. Retrieved 2026-10-12.
ER  -

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Questions

Which state has the highest business revenue: real estate, rental and leasing (Economic Census)?

California, with $154.06 billion in 2022, according to the U.S. Census Bureau.

Which state has the lowest business revenue: real estate, rental and leasing (Economic Census)?

Vermont, with $945.68 million in 2022.

Where does this ranking come from?

Every value comes from one source and one period, so the places are comparable: U.S. Census Bureau, Economic Census basic statistics by geography (EC1700BASIC, EC2200BASIC): sales, value of shipments, or revenue (RCPTOT) of real estate and rental and leasing (NAICS 53), all establishments. Retrieved 2026-10-12.