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CITY

Lockwood

Montana · 7,181 residents · 12.855 sq mi
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The short version

Lockwood has roughly average household income, with a median household income of $75,700. The city has grown rapidly, with population up 67% since 2000. 15% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has more than tripled since 2000, reaching $235,400.

At a glance
Lower income
below the US median
US median: $82,259
Mid-age
median age 37.5
US median: 38.9
Less educated
15% hold a bachelor's degree
US average: 36%
Less affordable
home values up 117%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
7,181
+67%since 2000
from 4,306 in 2000
1990 – 2024
Population density
559 / sq mi
+67%since 2000
from 335 / sq mi in 2000
US average: 281
Median age
37.5
+11%since 2000
from 33.9 in 2000
US average: 38.9
Population, 1990 – 2024
4K5K6K7K8K1990201020202024Lockwood
20247K
1990201020202024
Section 02

Income & economy

Median household income
$75,700
+20%inflation adjusted, since 2000
from $34,768 in 2000
US average: $82,259
1990 – 2024
Per capita income
$36,646
+151%since 2000
from $14,579 in 2000
US average: $44,673
Households earning $100K+
51.0%
+34.6 ptssince 2009
from 16.5% in 2009
US average: 53.3%
Poverty rate
10.7%
+1.3 ptssince 2000
from 9.4% in 2000
US average: 12.5%
Income inequality (Gini)
0.399
+1%since 2010
from 0.396 in 2010
US average: 0.476
Workforce by industry, 2024
Finance & insurance12.5%
US avg: 5.9%
Information11.9%
US avg: 10.8%
Professional, scientific, technical10.5%
US avg: 5.1%
Wholesale trade10.3%
US avg: 6.9%
Retail trade8.6%
US avg: 9.9%
Other services3.2%
US avg: 6.7%
Public administration3.2%
US avg: 4.8%
Agriculture, forestry, fishing2.7%
US avg: 1.6%
Education & health services2%
US avg: 0.9%
Transportation & warehousing2%
US avg: 2.2%
Manufacturing1.9%
US avg: 0.4%
Construction0.8%
US avg: 1.2%
Arts, entertainment, food0.8%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$235,400
+117%inflation adjusted, since 2000
from $59,500 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,138
+28%inflation adjusted, since 2000
from $488 in 2000
US average: $1,442
Owner-occupied
75.8%
−6.5 ptssince 2000
from 82.4% in 2000
24.2% rent
Vacancy rate
4.3%
+2.2 ptssince 2009
from 2.1% in 2009
US average: 10.0%
Owner cost-burdened
18.3%
−5.7 ptssince 2009
from 24.0% in 2009
US average: 22.9%
Renter cost-burdened
35.1%
−8.6 ptssince 2009
from 43.6% in 2009
US average: 47.4%
Afford Score
3.1
+82%since 2000
from 1.7 in 2000
1990 – 2024
Gentrification Score
51
RELATED:See current rent listings in Lockwood on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic90.9%(3,916)
Black0.5%(20)
Hispanic / Latino3.7%(161)
Asian0.3%(12)
Other0%
Diversity Score11.3%(485)
2024
White, non-Hispanic80.1%(5,751)
Black0%(0)
Hispanic / Latino8.6%(620)
Asian0%(0)
Other11.3%(810)
Diversity Score42.3%(3,038)
Diversity Score
42
+275%since 2000
from 11 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
15.4%
−1.2 ptssince 2000
from 16.7% in 2000
US average: 35.6%
High school or higher
93.6%
+11.2 ptssince 2000
from 82.4% in 2000
US average: 89.6%
Graduate degree
3.9%
+0.6 ptssince 2000
from 3.3% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
21.3 min
+96%since 2000
from 10.8 min in 2000
US average: 26.5
Drive alone to work
75.4%
−10.3 ptssince 2009
from 85.6% in 2009
US average: 68.9%
Carpooled to work
14.4%
+5.1 ptssince 2009
from 9.3% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
7.7%
+5.7 ptssince 2009
from 2.0% in 2009
US average: 15.0%
Walked to work
1.4%
+0.1 ptssince 2009
from 1.3% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
1.6%
−2.5 ptssince 2009
from 4.1% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
4.4%
−3.1 ptssince 2011
from 7.6% in 2011
US average: 5.2%
Labor force participation
65.6%
−10.0 ptssince 2011
from 75.7% in 2011
US average: 63.5%
Self-employed
7.8%
+1.8 ptssince 2009
from 5.9% in 2009
US average: 13.1%
Management & professional
28.6%
−19.7 ptssince 2009
from 48.3% in 2009
US average: 42.5%
Section 08

People & community

Male
49.4%
−4.1 ptssince 2009
from 53.5% in 2009
Female
50.6%
+4.1 ptssince 2009
from 46.5% in 2009
Foreign born
0.6%
+0.6 ptssince 2009
from 0.0% in 2009
US average: 14.1%
Veterans
7.7%
−46.0 ptssince 2009
from 53.6% in 2009
US average: 6.2%
With a disability
15.7%
+0.3 ptssince 2012
from 15.4% in 2012
US average: 13.3%
Uninsured
11.2%
−71.1 ptssince 2013
from 82.3% in 2013
US average: 8.4%
Broadband at home
90.0%
+9.1 ptssince 2017
from 80.9% in 2017
US average: 91.0%
English only at home
97.8%
−1.4 ptssince 2016
from 99.2% in 2016
US average: 77.7%
Spanish at home
1.0%
+0.6 ptssince 2016
from 0.4% in 2016
US average: 13.6%
Drill deeper

Places similar to Lockwood

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Pop 7,119
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Pop 7,146
Millsboro
Pop 7,890
Macclenny
Pop 8,251
Places similar to Lockwood
Head to head

Compare Lockwood to nearby cities

LOCKWOOD VS
Billings
Income$73,712−3%
Home value$343,400+46%
Population121,239+1588%
SEE FULL COMPARISON →
LOCKWOOD VS
Cody
Income$72,570−4%
Home value$378,500+61%
Population10,377+45%
SEE FULL COMPARISON →
LOCKWOOD VS
Sheridan
Income$62,867−17%
Home value$340,600+45%
Population20,015+179%
SEE FULL COMPARISON →
Frequently asked

How many people live in Lockwood, Montana?

Lockwood, Montana has about 7,181 residents according to the 2024 American Community Survey.

What is the median household income in Lockwood, Montana?

The typical household in Lockwood, Montana earns about $75,700 a year. Half of households make more than that, and half make less.

Is Lockwood, Montana expensive?

In Lockwood, Montana, the median home is worth about $235,400, and the typical rent is about $1,138 a month.

How educated are people in Lockwood, Montana?

About 15.4% of adults age 25 and over in Lockwood, Montana hold a bachelor's degree or higher.

What is the poverty rate in Lockwood, Montana?

About 10.7% of people in Lockwood, Montana live below the federal poverty line.

Has Lockwood, Montana grown since 1990?

Yes, Lockwood, Montana has grown since 1990. The population has added about 3,214 residents, a change of about 81 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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