Pros and Cons of Living In Lockwood, Montana. Is Lockwood, MT a Nice Place To Live or Retire?

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Lockwood, Montana

Moving to Lockwood In Montana ? Is Lockwood, MT a Nice Place To Live? Pros and Cons of Living in Lockwood, Montana. Find out the best and worst about to live, raise a family or retire in Lockwood.

Lockwood is a census-designated place (CDP) in Yellowstone County, Montana, United States. It is not an organized city or town. The population was 7,195 at the 2020 census.The population was 7,222 at the 2020 census. Lockwood is a suburb of Billings and is the second largest community in the Billings Metropolitan Statistical Area. Annexation of Lockwood to Billings has been studied; however, the June 2009 Billings City Council Annexation Plan states that the city has no plans to annex Lockwood in the foreseeable future. Lockwood is the site of a major Exxon refinery.

DEMOGRAPHICS

Population
8206
Unemployment
4%
15% NAT AVG.
Poverty
17.3%
24% NAT AVG.
Cost Of Living
96
4% NAT AVG.

ECONOMICS

Median Home Cost
$199600
13% NAT AVG.
Median Income
$62572
7% NAT AVG.
Median Rent
$853
26% NAT AVG.
Overall Score
6

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 6
Unemployed People
1 in 25
People Earning < $10,000
1 in 14
People Earning < $50,000
43.7%
People With Any Degree
1 in 3.6

ETHNICITY

Ethnicity Lockwood USA
White 86.4% 60.1%
African American 0% 12.2%
American Indian 2.5% 0.6%
Asian 0% 5.6%
Hawaiian 0% 0.2%
Multiracial 2.9% 2.8%
Hispanic 8.2% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Lockwood USA
Less than $10,000 7.3% 5.8%
$10,000 to $14,999 5.6% 4.1%
$15,000 to $24,999 10.8% 8.5%
$25,000 to $34,999 6.9% 8.6%
$35,000 to $49,999 13.1% 12.0%
$50,000 to $74,999 15.9% 17.2%
$75,000 to $99,999 16.4% 12.8%
$100,000 to $149,999 17.3% 15.6%
$150,000 to $199,999 4% 7.1%

EDUCATION

Education Lockwood USA
< 9th Grade 1% 5.0%
9-12th Grade 6% 7.0%
High School or GED 42% 27.0%
Other College 23% 20.0%
Associate's Degree 10% 9%
Bachelor's Degree 15% 20.0%
Master's Degree 2% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 0% 1.0%
Lockwood is a city in Montana state in USA with a population of 8206 residents.. The poverty rate of Lockwood is 17.3%, which is 24% higher than national average. The typical household in Lockwood earns $62572 a year, compared to the national median of $67,500. Nearly 43.7% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Lockwood remained 4%, which is 15% lower than national rate.

Cost of living in Lockwood is 96, which is 4% lower than national average. In Lockwood, only 18% of adults have a bachelor's degree and 33% have some college but no degree. Median home value in Lockwood is $199600 , which is 13% lower than national average. While median income in Lockwood remained $62572, which is 7% lower than national average.
Lockwood Scorecard

Jobs80%

Housing80%

Affordability80%

Safety70%

Amenities70%

Diversity60%

Education70%

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