Cost of Living in Lockwood, MT
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
112.4
100 = national avg
+12.4 vs national average
Living Wage (1 Adult)
$49,445
per year
Living Wage (Family of 4)
$116,869
per year
Cost Index by Category
Housing116.8
Food106.9
Transportation113.8
Healthcare105.5
Utilities107.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,109
per month
2 Bedroom
$1,417
per month
The overall cost of living index in Lockwood is 112.4, which is 12.4% above the national average. Housing costs are above the national average at an index of 116.8. A single adult needs to earn approximately $49,445 per year to cover basic expenses.