Most of the students are taking a loan from banks for higher studies but they are neglecting the fact that trades like locksmithing is providing a lucrative income without student loan debt. Locksmiths are making a large amount of money because their demand is increasing rapidly. Replacing locks and making keys are not only factors that are offering huge income to the locksmiths, but many locksmiths are also doing a variety of work from replacing window glass to putting the door back on hinges.
According to Payscale, the average locksmith’s hourly pay is $17.46 and salary can range from minimum wage up to $100,000 or more. The actual amount depends upon a few factors. The locksmiths who have just joined a business, are expecting to make around the minimum wage. Geography is also playing an important role with locksmith’s earning. A locksmith in Philadelphia is making more money than a locksmith in a small town.
They are working with safes of all sorts, gates, and welding. Locksmiths are getting a considerable number of client visits in their offices and they are also making self visits to homes and businesses. Modern locksmiths are a wealth of knowledge and hold multiple skills to make it in the business. They are enhancing their skills for making keys, rekeying locks, installing locks and deadbolts, working with safes and duplicating keys. They are not only repairing locks but are also suggesting quality locks to their customers. All these factors are making locksmith trade very beneficial for newcomers.