Analysis
NAICS 561622 is the 2022 national industry for locksmiths, part of 56162 (Security Systems Services). Census lists 4 example activities under it in the official index.
County Business Patterns counts 3,961 US establishments in this code in 2023, employing 16,123 people at an average annual payroll of $51,370 per employee (19th percentile of national industries). 74% of the establishments have fewer than five employees, which marks it as a small-business industry.
By establishments it ranks 2nd of the 2 codes at this level within Security Systems Services, with 35.6% of them.
Its index entries, the activities Census uses to assign businesses to this code, include lock rekeying services, locksmith services, locksmith services with or without sales of locking… and locksmith shops.
For example, selling security systems, such as locking devices, safes, and vaults, without installation or maintenance services are classified in 42 (Wholesale Trade, or Sector 44-45, Retail Trade) instead.
Census lists 2 related activities that belong elsewhere, most often in 42 and 811490. Businesses that do several things are classified by their primary activity, the one that generates the most value, so check those boundaries before settling on this code.
Official definition
This U.S. industry comprises establishments primarily engaged in (1) selling mechanical or electronic locking devices, safes, and security vaults, along with installation, repair, rebuilding, or adjusting services or (2) installing, repairing, rebuilding, and adjusting mechanical or electronic locking devices, safes, and security vaults.
Source: US Census Bureau, NAICS 2022 Manual.
Not this code if…
Index entries (4)
- Lock rekeying services
- Locksmith services
- Locksmith services with or without sales of locking devices, safes, and security vaults
- Locksmith shops