Lockwood is a small town of 7,393 in Montana, with a median household income of $73,625
and a 3.8% unemployment rate.
Its cost of living index is 90 (US average = 100), which is
10% below the national average.
Strengths:
Lockwood stands out for an affordable cost of living, below-average home prices, short average commutes.
Trade-offs:
No major red flags stand out in the available data. Whether Lockwood is right for you depends on your priorities — the full breakdown is below.
All Lockwood city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 89.6
Lockwood's overall cost of living index is 89.6,
where 100 represents the US national average.
Living in Lockwood costs roughly 10% less than the average American city.
Metric
Lockwood, MT
National Avg
Median Home Value
$234,800
$244,900
Median Monthly Rent
$1,062
$1,163
Homeownership Rate
75.2%
65.9%
Median Household Income
$73,625
$74,755
Crime & Safety
Higher than Average
Lockwood's violent crime rate is 668.3 per 100,000 residents
— 76% higher than the national average of ~380 per 100,000.
Violent Crime
668.3 /100k
Property Crime
2880.3 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Lockwood is served primarily by Billings Elem.
The student-to-teacher ratio is 16.0:1
.
Metric
Lockwood, MT
National Avg
School District
Billings Elem
—
Elementary Schools
21
—
Middle Schools
7
—
High Schools
N/A
—
Student/Teacher Ratio
16.0:1
16:1
Bachelor's Degree or Higher
19.6%
35.4%
High School Diploma or Higher
90.7%
91.1%
Weather & Climate
Lockwood sees average highs of 36.5°F in January
and 86.3°F in July,
with 14.9 inches of annual precipitation
and 35.0 inches of snow per year.
Lockwood's cost of living index is 90, where 100 is the national average.
That makes Lockwood roughly 10% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $234,800 and median rent is $1,062/month.
Lockwood's violent crime rate is 668.3 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 2880.3 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Lockwood are operated by Billings Elem.
The district has 21 elementary, 7 middle, and several high schools.
The student-to-teacher ratio is 16.0:1. 19.6% of adults 25+ hold a bachelor's degree or higher.
Lockwood, MT has a population of 7,393, a median household income of $73,625, and an unemployment rate of 3.8%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Lockwood averages 36.5°F in January and 86.3°F in July. Annual rainfall is 14.9 inches
with about 35.0 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Lockwood, MT is covered by 1 ZIP code: 59101.
The population of Lockwood, Montana is 7,393 with a median age of 35.4. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Lockwood: cost of living index 90 (100 = US average), median home $234,800, median household income $73,625, crime index 160 (100 = US average, lower is safer), schools rated C. Whether these are benefits or drawbacks depends on where you're coming from — compare Lockwood side by side with your current city to see the trade-offs.
