Many locksmiths earn six figures today. Their salary depends on experience, reputation, location, and skills. An experienced, reputable locksmith in a major city can make over $100,000 per year. A locksmith who owns their business may earn even more. The job outlook for locksmiths is positive, with an 8 percent growth rate projected from 2019 to 2029. Independent locksmith contractors can have higher profits than locksmiths working for a company due to lower overhead costs. Locksmiths who provide after-hours and emergency services may also boost their earnings through labor charges and service fees. While locksmith salaries vary, the versatility and demand for their skills creates good earning potential in this trade.
Historical Figures and Skill Development
Some famous historical figures such as Harry Houdini and Samuel Pepys trained as locksmiths early in life, gaining skills that would aid them in their later endeavors. The locksmith trade requires creativity, logic, and dexterity to solve problems and help customers. Accessing the necessary training to become a locksmith is reasonably straightforward. With the right skills and business sense, there is opportunity in the locksmithing field to earn a good living by providing a useful service to customers.
Salary Potential and Industry Change
The more experience a locksmith has, the higher the salary potential. Self-employed locksmiths see monthly gross sales ranging from $3,000 to over $10,000 depending on effort and location. An industry standard is $10,000 monthly per service vehicle. As the security industry changes, progressive locksmiths must adapt to remain relevant. More traction in the profession often comes from partnering with small and medium businesses.