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Entry-level locksmiths with no experience generally start out with wages between minimum wage ($7.25) and $8 an hour ($15,080 and $16,640 annually), although in some areas wages may be higher. Experienced locksmiths earned an average of $41,450 annually in May 2018, according to the U.S. Department of Labor. Locksmiths with considerable experience and a large clientele earned more than $65,870 annually. Locksmiths who specialize in high-security electronic systems may earn much more than that. Full-time employees can usually expect general fringe benefits.

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