At a Glance
Median Income
$74,451
$34,833 per capita
Home Value
$250,900
Zillow: $475,949
Median Rent
$995/mo
25.9% of income on rent
Bachelor's Degree+
14.7%
91.2% high school+
Unemployment
4.2%
10.4% poverty rate
Obesity Rate
36.0%
17.7% smoking rate
How Lockwood Compares to the U.S. Average
Each bar shows Lockwood's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Lockwood a Good Place to Live?
B+
3.6 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Lockwood residents earn a median household income of $74,451 , which is 1% below the national average of $75,149.
Per capita income is $34,833. The unemployment rate stands at 4.2% (17% above the U.S. rate of 3.6%). 10.4% of residents live below the poverty line. The area is home to 7,794 business establishments, including 481 restaurants.
Housing & Cost of Living
The median home value in Lockwood is $250,900 , 11% below the national median of $281,900.
Zillow estimates the typical home at $475,949. Median rent is $995/month, with 25.9% of renters spending more than 30% of income on housing. The cost of living index is 94.6 (100 = national average). The median home was built in 1980.
Education
14.7% of adults in Lockwood hold a bachelor's degree or higher
(56% below the national average).
91.2% have completed high school. Local schools score 5.7/10 in standardized testing.
Climate & Weather
Lockwood has an average annual temperature of 48°F (9°C).
Winters average 27°F in January while summers reach 73°F in July. Annual precipitation totals 14.3 inches.
Data Overview
People
Population7,474
Median Age36.1 yrs
Density581/mi²
Male / Female51% / 49%
Foreign Born0.6%
Veterans8.6%
Economy
B+
Median Income$74,451
Per Capita$34,833
Unemployment4.2%
Poverty10.4%
County GDP$14,022M
Avg Weekly Wage$1,206
Housing
A+
Home Value$250,900
Rent$995
Ownership78.7%
Zillow$475,949
Housing Units2,742
Rent Burden25.9%
Health
Obesity36.0%
Diabetes9.3%
Smoking17.7%
Heart Disease5.7%
Premature Death9,698/100K
Climate
Avg Temp48°F
Rain14.3 in/yr
Elevation3,104 ft
Education
C
Bachelor's+14.7%
High School+91.2%
Graduate+3.9%
School Score5.7/10
Community
2024 VoteR 62% / D 35%
Commute22 min
Broadband86.8%
Internet Speed124 Mbps
EV Stations17
Libraries4
Did You Know?
The median home in Lockwood was built in 1980.
The nearest airport is Billings Logan International (7 miles).
The Gini coefficient (income inequality) is 0.459 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
14.1% of the population has a disability.
Average internet download speed is 124 Mbps.
There are 481 restaurants in the area.
The county recorded 18 fatal vehicle crashes.
273 declared natural disasters on record.