While it is certainly less common than in the past, blacksmithing is still a viable profession even in the modern age of factory machined parts and automated assembly lines. So exactly how much does a blacksmith make per year? The overall average salary for blacksmiths is just over $43,000 per year. The lower 25th percentile of blacksmiths earn an average of about $27,000 per year. the highest 10% of blacksmiths earn upwards of $55,000 per year.