Lockwood, MT
Demographics And Statistics

Demographics | Cost Of Living
Updated: 2023-12-15

Living In Lockwood, Montana Summary

Life in Lockwood research summary. HomeSnacks has been using Saturday Night Science to research the quality of life in Lockwood over the past nine years using Census, FBI, Zillow, and other primary data sources. Based on the most recently available data, we found the following about life in Lockwood:

  • The population in Lockwood is 7,393.

  • The median home value in Lockwood is $343,960.

  • The median income in Lockwood is $73,625.

  • The cost of living in Lockwood is 103 which is 1.0x higher than the national average.

  • The median rent in Lockwood is $1,062.

  • The unemployment rate in Lockwood is 3.8%.

  • The poverty rate in Lockwood is 13.3%.

  • The average high in Lockwood is 61.0° and the average low is 33.5°.

Search Homes For Sale In Lockwood, MT

Lockwood SnackAbility

6
Overall SnackAbility
Jobs
8/10
Housing
8
Affordability
8
Diversity
6
Safety
N/A
Amenities
7
Education
7
Commute
8
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Lockwood, MT Cost Of Living

Cost of living in Lockwood summary. We use data on the cost of living to determine how expensive it is to live in Lockwood. Real estate prices drive most of the variance in cost of living around Montana. Key points include:

  • The cost of living in Lockwood is 103 with 100 being average.

  • The cost of living in Lockwood is 1.0x higher than the national average.

  • The median home value in Lockwood is $343,960.

  • The median income in Lockwood is $73,625.

103
Lockwood's Overall Cost Of Living
1.0x
Higher Than The National Average

Cost Of Living In Lockwood Comparison Table

Living Expense Lockwood Montana National Average
Overall 103 103 100
Services 116 102 100
Groceries 108 101 100
Health 94 98 100
Housing 91 107 100
Transportation 102 111 100
Utilities 87 89 100

Lockwood, MT Weather

  • The average high in Lockwood is 61.0° and the average low is 33.5°.

  • There are 37.8 days of precipitation each year.

  • Expect an average of 13.7 inches of precipitation each year with 46.7 inches of snow.

StatLockwood
Average Annual High61.0
Average Annual Low33.5
Annual Precipitation Days37.8
Average Annual Precipitation13.7
Average Annual Snowfall46.7
61.0°
Average High
37.8°
Days of Rain

Rankings for Lockwood in Montana

Locations Around Lockwood

Map Of Lockwood, MT

Best Places Around Lockwood

1

Laurel, MT
Population 7,181

2

Billings, MT
Population 117,093

3

Hardin, MT
Population 3,803

Lockwood Demographics And Statistics

Population over time in Lockwood

The current population in Lockwood is 7,393. The population has increased 12.4% from 2010.

Year Population % Change
2022 7,393 -1.1%
2021 7,479 -0.3%
2020 7,503 -2.2%
2019 7,670 3.1%
2018 7,437 7.1%
2017 6,943 3.3%
2016 6,718 1.7%
2015 6,606 3.2%
2014 6,400 -2.7%
2013 6,580 -

Race / Ethnicity in Lockwood

White
84.2% (6,226)
African American
0.0% (0)
American Indian
2.2% (160)
Asian
0.0% (0)
Hawaiian
0.0% (0)
Other
0.0% (0)
Two Or More
5.7% (418)
Hispanic
8.0% (589)

Lockwood is:

  • 84.2% White with 6,226 White residents.

  • 0.0% African American with 0 African American residents.

  • 2.2% American Indian with 160 American Indian residents.

  • 0.0% Asian with 0 Asian residents.

  • 0.0% Hawaiian with 0 Hawaiian residents.

  • 0.0% Other with 0 Other residents.

  • 5.7% Two Or More with 418 Two Or More residents.

  • 8.0% Hispanic with 589 Hispanic residents.

Race Lockwood MT USA
White 84.2% 84.6% 58.9%
African American 0.0% 0.5% 12.1%
American Indian 2.2% 5.6% 0.6%
Asian 0.0% 0.8% 5.7%
Hawaiian 0.0% 0.1% 0.2%
Other 0.0% 0.4% 0.4%
Two Or More 5.7% 3.9% 3.5%
Hispanic 8.0% 4.2% 18.7%

Gender in Lockwood

Female
48.8% (3,608)
Male
51.2% (3,785)
  • Lockwood is 48.8% female with 3,608 female residents.

  • Lockwood is 51.2% male with 3,785 male residents.

Gender Lockwood MT USA
Female 48.8% 49.3% 50.4%
Male 51.2% 50.7% 49.6%

Highest level of educational attainment in Lockwood for adults over 25

  • 4.0% of adults in Lockwood completed < 9th grade.

  • 6.0% of adults in Lockwood completed 9-12th grade.

  • 36.0% of adults in Lockwood completed high school / ged.

  • 23.0% of adults in Lockwood completed some college.

  • 11.0% of adults in Lockwood completed associate's degree.

  • 16.0% of adults in Lockwood completed bachelor's degree.

  • 4.0% of adults in Lockwood completed master's degree.

  • 0.0% of adults in Lockwood completed professional degree.

  • 0.0% of adults in Lockwood completed doctorate degree.

< 9th Grade
4.0% (295)
9-12th Grade
6.0% (443)
High School / GED
36.0% (2,661)
Some College
23.0% (1,700)
Associate's Degree
11.0% (813)
Bachelor's Degree
16.0% (1,182)
Master's Degree
4.0% (295)
Professional Degree
0.0% (0)
Doctorate Degree
0.0% (0)
Education Lockwood MT USA
< 9th Grade 4.0% 1.0% 4.0%
9-12th Grade 6.0% 4.0% 6.0%
High School / GED 36.0% 28.0% 26.0%
Some College 23.0% 23.0% 20.0%
Associate's Degree 11.0% 10.0% 9.0%
Bachelor's Degree 16.0% 22.0% 21.0%
Master's Degree 4.0% 8.0% 10.0%
Professional Degree 0.0% 2.0% 2.0%
Doctorate Degree 0.0% 2.0% 2.0%

Household Income For Lockwood, Montana

  • 4.1% of households in Lockwood earn Less than $10,000.

  • 4.0% of households in Lockwood earn $10,000 to $14,999.

  • 5.0% of households in Lockwood earn $15,000 to $24,999.

  • 5.9% of households in Lockwood earn $25,000 to $34,999.

  • 8.8% of households in Lockwood earn $35,000 to $49,999.

  • 22.6% of households in Lockwood earn $50,000 to $74,999.

  • 13.0% of households in Lockwood earn $75,000 to $99,999.

  • 21.9% of households in Lockwood earn $100,000 to $149,999.

  • 6.8% of households in Lockwood earn $150,000 to $199,999.

  • 7.9% of households in Lockwood earn $200,000 or more.

Less than $10,000
4.1% (30,526)
$10,000 to $14,999
4.0% (29,416)
$15,000 to $24,999
5.0% (37,187)
$25,000 to $34,999
5.9% (43,292)
$35,000 to $49,999
8.8% (65,216)
$50,000 to $74,999
22.6% (167,064)
$75,000 to $99,999
13.0% (96,020)
$100,000 to $149,999
21.9% (162,068)
$150,000 to $199,999
6.8% (50,230)
$200,000 or more
7.9% (58,278)
Income Lockwood MT USA
Less than $10,000 4.1% 4.6% 4.9%
$10,000 to $14,999 4.0% 4.3% 3.8%
$15,000 to $24,999 5.0% 7.7% 7.0%
$25,000 to $34,999 5.9% 8.8% 7.4%
$35,000 to $49,999 8.8% 12.4% 10.7%
$50,000 to $74,999 22.6% 18.3% 16.1%
$75,000 to $99,999 13.0% 13.7% 12.8%
$100,000 to $149,999 21.9% 15.9% 17.1%
$150,000 to $199,999 6.8% 7.0% 8.8%
$200,000 or more 7.9% 7.2% 11.4%

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