What is the cost of living in Lockwood, MT?
According to the most recent data on the cost of living, Lockwood has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Montana, Lockwood has a cost of living index that's 1.0x lower than Montana's index of 102.
The standard of living in Lockwood ranks as #8 most affordable out of the 26 places we measured in Montana. By definition, that implies Lockwood ranks as the #18 most expensive place in the Treasure State.
For more reading on life in Lockwood, check out:
Lockwood Cost Of Living Vs. Montana
Six factors go into calculating the cost of living index in Lockwood. Here is how it fares on each of the criteria:
The Services index in Lockwood is 101.
The Groceries index in Lockwood is 101.
The Health index in Lockwood is 104.
The Housing index in Lockwood is 101.
The Transportation index in Lockwood is 108.
The Utilities index in Lockwood is 97.
| Living Expense | Lockwood | Montana | National Average |
|---|---|---|---|
| Overall | 101 | 102 | 100 |
| Services | 101 | 104 | 100 |
| Groceries | 101 | 103 | 100 |
| Health | 104 | 101 | 100 |
| Housing | 101 | 99 | 100 |
| Transportation | 108 | 105 | 100 |
| Utilities | 97 | 100 | 100 |
Lockwood Cost Of Living Compared To Montana Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Montana, check out:
Protect your home budget Compare home warranties in Lockwood Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Lockwood, MT Housing Cost Breakdown
Housing swings affordability the most between places in Montana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Lockwood is $292,475.
The Median Rent in Lockwood is $1,138.
The Median Income in Lockwood is $75,700.
The Home Value To Income in Lockwood is 3.9x.
The Rent To Monthly Income in Lockwood is 0.18x.
Lockwood, MT Costs By Category
Detailed Lockwood Services costs vs. Montana
Detailed Lockwood Groceries costs vs. Montana
Detailed Lockwood Health costs vs. Montana
Detailed Lockwood Transportation costs vs. Montana
Lockwood SnackAbility
Cost Of Living In Cities Around Lockwood
The cost of living varies in the cities and towns around Lockwood. Here's a quick look at the cost of living in the most populous nearby places:
Billings, MT has a cost of living index of 107, 1.1x Lockwood.
Laurel, MT has a cost of living index of 97, 1.0x Lockwood.
| City | Population | Cost Of Living | Vs. Lockwood |
|---|---|---|---|
| Billings, MT | 119,434 | 107 | 1.1x |
| Laurel, MT | 7,215 | 97 | 1.0x |
