Employment
16,123
Total employees (Census CBP)
Administrative and Support and Waste Management ·NAICS 561622
NAICS 561622 · IRS SOI (C corp) · Census CBP 2023
Locksmiths - Industry Benchmarks
$51,370/yr average annual pay, with 164 SBA loans on record for NAICS 561622.
- 3.9%
- Administrative and Support and Waste Management sector margin
- 16K
- Workers employed
- $51,370/yr
- Avg payroll / employee
- $61M
- SBA lending, FY20–26
Data updated August 2026
The verdict · NAICS 561622
California leads Locksmiths activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Administrative and Support and Waste Management sector runs a 3.9% net margin.
- 3.9%
- Administrative and Support and Waste Management sector margin (IRS SOI)
- 16K
- Workers employed (Census CBP)
- $51,370/yr
- Avg payroll / employee
- $61M
- SBA lending, FY20–26
Use Locksmiths's NAICS benchmark as a comparison point, not a forecast for one business.
Locksmiths is reported here with financial measures from IRS Statistics of Income and workforce measures from Census County Business Patterns. The page keeps those source systems distinct, shows unavailable fields rather than estimating them, and links the underlying industry context so readers can compare the same NAICS activity before interpreting a margin or payroll figure.
Source: IRS SOI (C corporation headline) and Census County Business Patterns 2023
Benchmarking Insights for Locksmiths
Locksmiths sits inside Administrative and Support and Waste Management, a sector that runs a 3.9% net margin overall.
3,961 establishments employ 16,123 workers (4.1/location) at $51,370/yr average annual pay. California leads employment, followed by Texas and Florida.
Locksmiths sits in the 25th percentile for employment among 6-digit NAICS industries with reported data.
Avg Payroll / Employee
$51,370/yr
Annual compensation
Establishments
3,961
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 197; establishment count decreased by 30. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Subscribe to this industry's release updates (RSS)Workforce scale
Financial Detail
- Annual Payroll (Total)
- $828.2M
- Avg Employees per Establishment
- 4.1
Top States by Employment
| State | Employment |
|---|---|
| California | 2,053 |
| Texas | 1,565 |
| Florida | 1,523 |
| New York | 1,131 |
| Illinois | 714 |
| North Carolina | 520 |
| Virginia | 505 |
| Georgia | 466 |
| New Jersey | 458 |
| Maryland | 449 |
Showing top 10 of 51 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
164
Total Loan Volume
$61M
Avg Loan Size
$370K
Jobs Supported
1,098
Program Breakdown
7(a) 155 (95%)
504 9 (5%)
Top SBA Lender
Northeast Bank
12 loans in this industry
New Business Share
26.8% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 21
2021 21
2022 20
2023 27
2024 23
2025 46
2026 6
Frequently Asked Questions
How profitable is Locksmiths?
IRS SOI doesn't publish margin data at the NAICS 561622 level. California leads this industry nationally. The broader Administrative and Support and Waste Management sector runs a 3.9% net margin (IRS SOI 2013 C corp).
How many businesses are in Locksmiths?
3,961 business establishments. Together they employ 16,123 workers.
What is the average payroll per employee in Locksmiths?
$51,370/yr average annual pay per employee. Businesses average 4.1 employees per establishment.
Which states have the most Locksmiths employment?
California leads with 2,053 workers. Texas (1,565) and Florida (1,523) round out the top three.
How much SBA lending does Locksmiths receive?
Locksmiths businesses received 164 SBA loans totaling $61 million between FY2020 and FY2026. The average loan size was $370K. These loans supported 1,098 jobs at origination. Most lending (95%) came through the SBA 7(a) program.
Nationwide industries with similar benchmark drivers
Two IRS/Census peer sets for Locksmiths, both at NAICS level 6 and excluding this code so the neighborhoods are not self-links.
According to Census County Business Patterns 2023, Locksmiths ranks #598 of 801 U.S. industries at the 6-digit NAICS level by total employment.
Similar workforce scale
Nearest peer industries by ABS(Census employment) (16,123 here).
Read with this industry: Industry employment trends · Administrative and Support and Waste Management · Rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 561622 · CBP 2023 · IRS SOI
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.