If you happen to break into a place your keys can’t open, have your bike broken into, or are having trouble with even your own front door lock, then you’re going to need the help of a locksmith sooner than later. Find out what they make and where they work in this article.
What are the Average Wages of Locksmiths?
Locksmiths can make a good living, depending on experience and location. The median annual wage for locksmiths was $50,360 in May 2017. The lowest 10 percent earned less than $30,590, and the highest 10 percent earned more than $67,170. In general, locksmiths working in large metropolitan areas earn more than those in rural areas. The most popular locking tools arelocksmiths use keymaking machines to create new locks and copy old keys. The average locksmith salary for those who use these machines is more than $75,000 per year. In addition, locksmiths may work as security guards or install video surveillance systems. Locksmiths are commonly in high demand and have good incomes. The Bureau of Labor Statistics reports that the median wage for locksmiths was $36,470 as of May 2018.
Information Regarding the Job
lockouts and burglaries have become more common over the years, making it crucial to have a professional on your side when it comes to security. A locksmith can help you maintain your security and protect your property by providing installation of new locks and/or repairs to existing locks. According to the Bureau of Labor Statistics (BLS), locksmiths typically earn an average wage of $35,560 per year.
The Challenges of the Job
The lock and security industry is one of the fastest growing in terms of job opportunities, yet the wages for entry-level positions are relatively low. According to the Bureau of Labor Statistics, the median wage for locksmiths was $34,780 in May 2016. With so many people looking to enter the field, competition for jobs is fierce. Despite the lower wage, lock and security professionals can expect to have a high level of employment satisfaction. The degree to which workers are satisfied with a job is largely determined by their pay and benefits package. According to Glassdoor, 78% of employees who are extremely or very satisfied with their job as a locksmith report earning between $37,000 and $100,000 per year. This makes locksmiths one of the most highly compensated occupations in America.
Tips and Advice for Beginners
Locksmiths can make a decent income. While median earnings for locksmiths are only $36,000 a year, the top 10% of locksmiths earn more than $75,000. However, there are a few factors that can affect how much a locksmith makes. First, the area of specialization often impacts earnings. For example, locksmiths who work exclusively in residential areas tend to have higher earnings than those who work in commercial settings. Second, experience and education also play a role in earning potential. The greater the level of education a locksmith has, the more likely they are to earn more money. Moreover, experience often leads to an increase in pay. Locksmiths who are highly skilled and have years of experience typically earn more than those with less experience.