diff --git a/lib/Makefile.local b/lib/Makefile.local
index 7278f468..f9ecd50e 100644
--- a/lib/Makefile.local
+++ b/lib/Makefile.local
@@ -27,7 +27,7 @@ LIBRARY_SUFFIX = dylib
 LINKER_NAME = libnotmuch.$(LIBRARY_SUFFIX)
 SONAME = libnotmuch.$(LIBNOTMUCH_VERSION_MAJOR).$(LIBRARY_SUFFIX)
 LIBNAME = libnotmuch.$(LIBNOTMUCH_VERSION_MAJOR).$(LIBNOTMUCH_VERSION_MINOR).$(LIBNOTMUCH_VERSION_RELEASE).$(LIBRARY_SUFFIX)
-LIBRARY_LINK_FLAG = -dynamiclib -install_name $(SONAME) -compatibility_version $(LIBNOTMUCH_VERSION_MAJOR).$(LIBNOTMUCH_VERSION_MINOR) -current_version $(LIBNOTMUCH_VERSION_MAJOR).$(LIBNOTMUCH_VERSION_MINOR).$(LIBNOTMUCH_VERSION_RELEASE)
+LIBRARY_LINK_FLAG = -dynamiclib -install_name $(libdir)/$(SONAME) -compatibility_version $(LIBNOTMUCH_VERSION_MAJOR).$(LIBNOTMUCH_VERSION_MINOR) -current_version $(LIBNOTMUCH_VERSION_MAJOR).$(LIBNOTMUCH_VERSION_MINOR).$(LIBNOTMUCH_VERSION_RELEASE)
 else
 LIBRARY_SUFFIX = so
 LINKER_NAME = libnotmuch.$(LIBRARY_SUFFIX)