Lockwood, MT is an affordable place to live in North-Central Montana. The average rent for a two bedroom apartment is $1,020, which is much lower than the US average of $1,430. It is also relatively inexpensive to buy groceries in Lockwood with the Grocery Cost Index at 100 versus the national average of 100. Lockwood offers many different business opportunities and popular local companies include SEK Construction, High Country Paving, Mountain West Bank, and North 40 Outfitters. According to EconStats from 2019, the population of Lockwood was 11,231 and it continues to grow every year.
Lockwood has an unemployment rate of 4.1%. The US average is 6.0%.
Lockwood has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Lockwood
- The Sales Tax Rate for Lockwood is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Lockwood is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lockwood
- The average income of a Lockwood resident is $29,037 a year. The US average is $37,638 a year.
- The Median household income of a Lockwood resident is $65,824 a year. The US average is $69,021 a year.