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A recent study by the Security Industry Association (SIA) highlights the substantial economic impact of the security sector in the United States.
Economic Contributions of the Security Sector
The security industry directly contributes $130.4 billion to the U.S. economy, supporting 723,000 jobs and generating $46.7 billion in wages annually. This activity results in over $60 billion in federal, state, and local tax revenue. When considering supplier and induced economic activities, the total economic impact reaches $431.3 billion, supporting 2.1 million jobs and $145.5 billion in wages. The average annual salary within the industry is approximately $69,200.
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Breakdown of Security Services Employment
Within the security services sector, there is a combined economic impact of $36.8 billion, supporting 489,038 jobs. This includes:
- Security Equipment Services: Contributing $11.8 billion and providing 105,753 jobs.
- Security Personnel Services: Accounting for $25.1 billion and supporting 383,285 jobs.
Leading States in Security Industry Output
The states with the highest direct economic output from the security industry are:
- California: $21.7 billion
- New York: $11.4 billion
- Texas: $11.3 billion
- Florida: $9.8 billion
Implications for Policy and Employment
SIA CEO Don Erickson emphasizes that these findings should inform government officials when considering regulations affecting security businesses. The data also serves as a valuable resource for employers striving to attract qualified talent in a competitive job market.
