Lockwood, MT
Population 7,474 · Montana
About Lockwood, MT
Lockwood is a small community in Montana with a population of 7,474 residents. The median household income is $74,451 per year, which is above the national average. The median age in Lockwood is 36.1 years.
Housing in Lockwood has a median home value of $250,900 and median monthly rent of $995. Of the 2,871 total housing units, the majority are owner-occupied, with 2,156 owner-occupied and 585 renter-occupied units.
The unemployment rate in Lockwood is 4.2% and the poverty rate is 14.4%. 14.7% of residents hold a bachelor's degree or higher. The average commute time is 22.1 minutes.
How Lockwood Ranks in Montana
Cost of Living in Lockwood, MT
Compared to national averages, Lockwood has a median household income of $74,451 (1% below the national median of $75,149). Home values average $250,900, which is 2% above the national median. Monthly rent at $995 is 14% below the US average of $1,163. Within Montana, Lockwood's income is 13% above the state average of $65,821, and home values are 13% below the state median of $288,703.
Why Live in Lockwood, MT?
Lockwood offers rent that’s lower than the national average at $995/month, and short commute times averaging just 22.1 minutes.
Potential considerations include median household income ($74,451) that falls below the national average. However, Lockwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lockwood has a population of 7,474 with a median age of 36.1 years. Compare Lockwood with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Lockwood
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Laurel | 7,198 | $66,382 | $232,700 | Compare |
| Helena Valley West Central | 8,224 | $89,040 | $352,800 | Compare |
| Miles City | 8,412 | $60,732 | $182,700 | Compare |
| Whitefish | 8,422 | $71,110 | $648,200 | Compare |
| Livingston | 8,635 | $65,187 | $348,700 | Compare |
| Sidney | 6,235 | $62,992 | $249,100 | Compare |
| Evergreen | 8,908 | $73,015 | $271,700 | Compare |
| Lewistown | 6,028 | $44,195 | $159,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Montana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lockwood
What is the population of Lockwood, MT?
The population of Lockwood, MT is 7,474 according to the latest Census data.
What is the median household income in Lockwood?
The median household income in Lockwood, MT is $74,451 per year.
What is the median home value in Lockwood?
The median home value in Lockwood, MT is $250,900.
What is the average rent in Lockwood?
The median monthly rent in Lockwood, MT is $995.
What is the unemployment rate in Lockwood?
The unemployment rate in Lockwood, MT is 4.2%.