Locksmiths are employed by locksmithing companies, security firms and institutions. The increasing awareness for preventative measures by the public to protect against theft is creating a need for more security measures, and therefore the demand for Locksmiths is anticipated to remain fairly stable. Journeyman wage rates vary, but generally range from $20 to $30 an hour (plus benefits.) Experienced Locksmiths can advance to supervisory positions or set up their own business. Most Locksmiths consider this to be a lifelong occupation.