Living in Lockwood, Montana
Cost of living, income, home prices, rent and demographics of Lockwood · Census data 2020–2024
Lockwood has 7,181 residents with a median age of 37.5. The median household income is $75,700 (4% higher than the Montana median), the median home value is $235,400, the median rent is $1,138/month.
Lockwood at a glance
- Population
- 7,181
- Median age
- 37.5State: 40.4
- Median household income
- $75,700State: $72,509
- Median home value
- $235,400State: $375,800
- Median rent
- $1,138/moState: $1,081
- Homeowners
- 75.8%
- Bachelor's degree or higher
- 15.4%
- Average commute
- 21 min
Is Lockwood a good place to live?
Pros: Median household income 4% higher than the Montana median; home values 37% lower than the state median; a poverty rate of 10.7%.
Cons: An average commute of 21 minutes; unemployment of 4.4%.
The weather is best in June to September.
Cost of living in Lockwood
Housing is the biggest part of the cost of living. In Lockwood the median home value is $235,400, 29% lower than the U.S. median. Renters pay a median of $1,138 per month, which is 26% of household income. Homeowners with a mortgage pay $1,820 a month in housing costs.
Lockwood median household income
The median household income in Lockwood is $75,700 and the income per person is $36,646. 10.7% of residents live below the poverty line (Montana: 11.5%).
Housing in Lockwood: homes for sale and rent
- Housing units
- 2,797
- Owner-occupied
- 75.8%
- Renter-occupied
- 24.2%
- Vacant
- 4.3%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.68
Lockwood demographics
- Population
- 7,181
- Median age
- 37.5
- Under 18
- 22.5%
- 65 and older
- 16.9%
- Households
- 2,676
- Foreign-born
- 0.6%
- Veterans
- 7.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Lockwood ›
Education in Lockwood
15.4% of adults 25 and older in Lockwood have a bachelor's degree or higher (Montana: 35.2%), and 3.9% have a graduate or professional degree.
Jobs and commute in Lockwood
- Unemployment rate
- 4.4%State: 3.6%
- Average commute
- 21 minState: 19 min
- Work from home
- 7.7%
- Drive alone
- 75.4%
- Public transit
- 0%
- Walk to work
- 1.4%
- Homes with broadband
- 90%
Lockwood vs nearby towns
More for people moving to Lockwood
Lockwood ZIP code ›Weather and climate ›Living in Lockwood: FAQ
What is the median household income in Lockwood, MT?
The median household income in Lockwood is $75,700, 4% higher than the Montana median of $72,509 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lockwood?
The median home value in Lockwood is $235,400, compared with $375,800 in Montana.
How much is rent in Lockwood?
The median gross rent in Lockwood is $1,138 per month, about 26% of household income.
Is Lockwood, MT a good place to live?
Pluses: median household income 4% higher than the Montana median; home values 37% lower than the state median; a poverty rate of 10.7%. Minuses: an average commute of 21 minutes; unemployment of 4.4%.
What is the median age in Lockwood?
The median age in Lockwood is 37.5 years (Montana: 40.4).
How long is the commute in Lockwood?
The average commute to work in Lockwood is 21 minutes; 7.7% of workers work from home.
What is the unemployment rate in Lockwood?
The unemployment rate in Lockwood is 4.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lockwood?
15.4% of adults in Lockwood have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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