Lockwood, Montana Demographics & Population 2026
During the 2020–2024 ACS period, Lockwood, Montana had a total population of 7,181, the 18th largest community in Montana, with a median household income of $75,700, which is 4% higher than the state average. The poverty rate is 10.7%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Lockwood Quick Facts
How Lockwood Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 7,474 | 7,181 | -3.9% |
| Median household income | $74,451 | $75,700 | +1.7% |
| Median home value | $250,900 | $235,400 | -6.2% |
How Lockwood Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 29 | National average: 61
Education
Educational Attainment (Adults 25+)
Lockwood Rankings in Montana
Explore Montana Rankings
Other Cities in Yellowstone County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Billings | 119,434 | $73,712 | 9.8% | $343,400 |
| Laurel | 7,215 | $68,474 | 10.0% | $235,100 |
| Huntley | 455 | $94,821 | 0.0% | $233,600 |
| Worden | 416 | N/A | 3.1% | N/A |
| Shepherd | 353 | $80,125 | 4.8% | $114,400 |
| Ballantine | 262 | N/A | 0.0% | $284,000 |
| Custer | 199 | $82,500 | 20.1% | $137,500 |
| Broadview | 175 | $78,438 | 8.0% | $165,600 |
| Acton | 87 | $36,042 | 40.2% | N/A |
| Nibbe | 62 | N/A | 24.2% | N/A |
Cities Similar to Lockwood
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Laurel | 7,215 | $68,474 | $235,100 | 20.8% | 10.0% |
| Helena Valley West Central | 8,056 | $90,082 | $367,200 | 41.1% | 7.1% |
| Whitefish | 8,749 | $73,811 | $684,300 | 56.8% | 9.4% |
| Miles City | 8,407 | $67,727 | $200,200 | 25.4% | 11.4% |
| Columbia Falls | 5,615 | $75,766 | $384,400 | 32.1% | 15.2% |
Population Overview
Lockwood is a small city located in Montana, within Yellowstone County. The total population is 7,181. It ranks as the 18th most populous out of 475 Census-designated places in Montana.
Age Demographics
The median age in Lockwood is 37.5 years. This is 7% lower than the state median of 40.4 years.
Economy, Income & Housing
The median household income in Lockwood is $75,700. This is 4% higher than the state median of $72,509. It is also 6% lower than the national median of $80,734. The poverty rate stands at 10.7%. This is 7% lower than the state poverty rate of 11.5%. The unemployment rate is 4.4%. This is 22% higher than the state rate of 3.6%. The median home value is $235,400. Housing costs are 37% lower than the state median of $375,800. The home-value-to-income ratio is 3.1x. 75.8% of occupied housing units are owner-occupied. This homeownership rate is 10% higher than the state average of 69.2%.
Race & Ethnicity
The largest racial or ethnic group in Lockwood is White (non-Hispanic), making up 80.1% of the population. Hispanic or Latino residents account for 8.6%. The Hispanic or Latino population is significantly higher than the state average (8.6% vs 4.6%).
Education
15.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 56% lower than the state rate of 35.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.6%.
Data Sources & Methodology
All demographic data for Lockwood, Montana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Montana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 475 Census-designated places in Montana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Lockwood, Montana?
Lockwood, Montana has a population of 7,181 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lockwood, MT?
The median household income in Lockwood is $75,700, which is 6% lower than the national median of $80,734.
What is the poverty rate in Lockwood, MT?
The poverty rate in Lockwood is 10.7%. This means approximately 763 residents live below the federal poverty line.
What is the racial makeup of Lockwood, Montana?
Lockwood's population is 80.1% White, 0.0% Black, 8.6% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Lockwood, MT?
The median home value in Lockwood is $235,400. The home-value-to-income ratio is 3.1x.
How educated is Lockwood, Montana?
15.4% of adults (25+) in Lockwood hold a bachelor's degree or higher, and 3.9% hold a graduate or professional degree.