Cost of Living in Lockwood, MT

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3%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
3%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Lockwood Montana National
Cost of living103102100
Groceries102103100
Health care103102100
Housing103101100
Transportation102100100
Utilities107104100
Lifestyle & Entertainment98100100
Household Items100100100
Education & Childcare103102100
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Homes For Sale In Lockwood, MT

property for sale

2224 U.S. Highway 87 E #27

Billings, MT
property for sale

2733 Rockwood St

Billings, MT
property for sale

2616 Old Hardin Rd #27

Billings, MT
property for sale

1240 Maxer Dr

Billings, MT

Cost Of Living Quick Facts

  • The cost of living in Lockwood is 1% higher than the Montana average
  • The cost of living in Lockwood is 3% higher than the national average
  • Lockwood housing is 3% higher than the national average
  • Montana general sales tax is 100% lower than the national average
  • Montana state income tax is 61% lower than the national average

Most Affordable Places to Live in and Around Lockwood

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Compare Lockwood, MT Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$97,973$8,164$2,286$2,939
      Renters$51,303$4,275$1,197$1,539
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Lockwood, MT, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Lockwood homeowners, is $97,973. This would allow for a maximum of $2,286 per month to be spent on housing costs. For renters, the median monthly income is $51,303 which would result in a maximum of $1,197 to be spent on rental costs.

      Montana Sales Tax

      State General Sales Tax With Max Surtax
      Montana 0% 0%

      Montana Income Tax

      State Income Tax (Low) Income Tax (High)
      Montana 1% 6.75%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Shepherd, MT9721022.2%
      Worden, MT501991.1%
      Billings, MT113,2441076.7%
      Ballantine, MT3631076.8%
      Huntley, MT5391077.3%
      Lockwood, MT8,4971032.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hawthorn Woods, IL8,49516564.5%
      Castle Shannon, PA8,499946.4%
      North Patchogue, NY8,49413332.9%
      Mahtomedi, MN8,49312423.6%
      Napoleon, OH8,4938712.7%
      Lockwood, MT8,4971032.6%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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