There’s a lot of information out there that may help you make the decision about whether or not to become a locksmith. For instance, did you know that what industry you work in will affect how much money you make as a locksmith? Or that where you live affects both the availability of jobs and your income? Please note that the information below includes data on safe repairers as well, and so is not specific to only locksmiths.
Wage Information by Industry
Locksmiths, on average, make around $18.83 an hour, or $39,160 a year. The lowest 10% of earners only make $10.60 an hour, or $22,060 annually, while the top 10% of earners make $28.42 an hour, or $59,110 a year. When you first start out as a locksmith you might make an income near the low end of the spectrum, but if you have a good education and gain significant experience, you could move to the high end at some point in your career. Another factor that affects how much money you make as a locksmith is in what industry you work. People who work for scientific research and development services make the most, with an average salary of $56,600. There are a number of other industries that pay higher-than-average income, including traveler accommodation, the federal executive branch, your local government, and junior colleges. Not very many of these industries, however, employ very large numbers of locksmith. The most common industry for locksmiths, among the high-paying ones, is local government. If you work in this area your salary will average around $51,060 a year. Other industries that employ high numbers of locksmiths are investigation and security services; colleges, universities, and professional schools; elementary and secondary schools; and state governments.
Not all states are created equal when it comes to employment in this profession. The states that employ the most locksmiths are California, Florida, Texas, New York, and Ohio. The cities with the most locksmiths are New York, Los Angeles, Houston, Chicago, Phoenix, Nassau (New York), Fort Lauderdale, Washington D.C., Boston, and Orlando. These lists are not surprising, as they are the states and cities with high employment levels of every occupation, due to their high overall populations. One can also consider location quotient, a term that refers to the concentration of jobs in any one area. In other words, how many jobs out of every 1,000 are in one profession (such as locksmiths). The states with the highest location quotients for this position are Nevada, Arizona, Florida, Kentucky, and Oklahoma. The cities that make this list are Champaign, Illinois; Atlantic City, New Jersey; Fort Lauderdale, Florida; Chattanooga, Tennessee; Louisville, Kentucky; Santa Cruz, California; Ogden, Utah; Tucson; Arizona; Naples, Florida; and Bakersfield, California. You might also be interested to hear that where you live will influence how much money you make. You will earn the highest income (most likely) if you live in D.C. ($56,530), Hawaii, Massachusetts, New Jersey, or Nevada. Cities with high average payouts to locksmiths are San Jose, California; Edison, New Jersey; Atlantic City, New Jersey; Worchester, Massachusetts; Trenton, New Jersey; Riverside, California; Newark, New Jersey; Pittsburgh, Pennsylvania; San Francisco, California; and Boston, Massachusetts.