- The middle half earn between $14.30 and $23.92 an hour.
- New Mexico is 46th of the 48 states with published figures, in the bottom ten for this trade.
- New Mexico pays more than 1 of its 5 neighboring states.
- BLS counts about 140 locksmiths on payrolls in New Mexico.
- At the state median wage, a locksmith business needs to bill about $105.98 an hour on the labor rate calculator's starting numbers.
Locksmith pay in New Mexico, bottom to top
BLS files these as locksmiths and safe repairers: the people who open and repair locks, make keys, change locks and combinations, and install and repair safes.
| Pay level | Hourly | Yearly | National hourly |
|---|---|---|---|
| 10th percentile | $13.79 | $28,670 | $17.08 |
| 25th percentile | $14.30 | $29,740 | $20.75 |
| Median | $20.15 | $41,920 | $24.68 |
| 75th percentile | $23.92 | $49,750 | $31.04 |
| 90th percentile | $30.07 | $62,540 | $38.17 |
| Average (mean) | $21.15 | $43,980 | $26.67 |
From the bottom tenth ($13.79) to the top tenth ($30.07), the top of the scale pays about 2.2 times the bottom in New Mexico, close to the 2.2 times spread for locksmiths nationwide.
Both ends trail the national figures. The bottom tenth earn $3.29 an hour less than the bottom tenth nationally, and the top tenth $8.10 less than the national top tenth.
The average, $21.15, is close to the median, so pay sits fairly evenly around the middle.
How New Mexico compares with other states
Over a full year, the New Mexico median of $41,920 is $9,400 less than the national $51,320.
In the state ranking, New Mexico sits 46th, between Mississippi ($20.64) and Oklahoma ($18.59). The range runs from $17.20 in Arkansas to $36.89 in the District of Columbia.
Against its neighboring states, New Mexico is in the middle: Arizona, Colorado, Texas and Utah pay more, and Oklahoma pays less.
BLS wages are not adjusted for living costs. Lower pay often comes with lower housing costs, so the gap in take-home value can be smaller than the gap in wages.
How many locksmiths work in New Mexico
About 140 locksmiths work on payrolls in New Mexico, 0.9% of the 15,040 nationwide, the 30th largest count among the states.
The trade is a bigger part of the local job market than it is nationally: 0.2 of every 1,000 jobs in New Mexico, 1.7 times the national share.
What a locksmith business in New Mexico should charge
A lower wage helps the price less than you might expect, because the overhead does not shrink with it. Here is a locksmith business in New Mexico paying the state median of $20.15, on the labor rate calculator's starting numbers: 40-hour weeks, 10 paid days off, 2 unbilled hours a day, 7.65% payroll taxes, $90,000 a year of overhead and 15% profit.
| Step | Math | Result |
|---|---|---|
| Paid hours | 40 × 52 | 2,080 |
| Hours at work | 2,080 − 10 days × 8 | 2,000 |
| Billable hours | 2,000 × 6 ÷ 8 | 1,500 |
| Labor cost | $20.15 × 2,080 × 1.0765 | $45,118 |
| Break-even rate | ($45,118 + $90,000) ÷ 1,500 | $90.08 |
| Rate with 15% profit | $90.08 ÷ 0.85 | $105.98 |
That is $105.98 per billable hour, 5.3 times the wage, and $7.96 less than the $113.93 the same math gives at the national median wage.
Paying the 75th percentile instead, $23.92 in New Mexico, to hire and keep experienced people raises the rate to $112.60.
A cheaper crew saves less than it seems: at the 25th percentile wage of $14.30, the rate only drops to $95.70.
At this wage, overhead is most of the price: $60 of every billed hour goes to it before anyone is paid. Spreading the same overhead over more billable hours, with a second person or less drive time, brings the rate down fastest.
Run it with your own numbers in the labor rate calculator. It is free and shows every step.
Working as a locksmith in New Mexico
- Running the business. Quotes, invoices, booking and your website in one place: how locksmiths run on Koira.
- Getting found. The free Koira report checks how your business shows up in search and on maps against shops near you.
Where these numbers come from
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025.
The figures are the BLS state estimates for SOC 49-9094, locksmiths and safe repairers, across all industries, read straight from the May 2025 state data file. They cover wage and salary workers, not the self-employed. Where BLS did not publish a figure, this page leaves it out.
All states in one table: locksmith salary by state.