How is the locksmith to keep up with all the different keys? He/she must buy key tags, drawers, and key towers (tower only with no blanks, $500). These keys require key cutters. There are at least six different kinds of cutters. A manual duplicator costs $400-$600. A semi-automatic duplicator costs $655-$1600. An automatic duplicator costs $800-$1300. A tubular key duplicator costs $400-$1200. Code cutters cost $1900-$3100. Then there are your cutter wheels which cost in the range of $33-$340.
A locksmith must buy pins, pinning kits, picks, pick sets, tension wrenches, and many different locks. There are hospital locks, government locks, gate locks, electronic hardware, furniture locks, biometric fingerprint locks, and electromagnetic locks ($200-$700).Read more