Hamilton, MT vs Lockwood, MT

Hamilton, MT and Lockwood, MT have a very similar cost of living, with only a 4.7% difference in their overall index. Hamilton scores 86 while Lockwood scores 82 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Hamilton is $958/month compared to $995/month in Lockwood — a 4% difference. Interestingly, home values tell a different story: while Hamilton has cheaper rent, Lockwood actually has lower median home values ($250,900 vs $299,800).

Median household income in Hamilton is $52,917 compared to $74,451 in Lockwood (-28.9%). Lockwood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hamilton spend roughly 21.7% of their income on rent, more than the 16% in Lockwood.

Climate-wise, Lockwood is notably warmer with an average of 48.2°F compared to 45.2°F in Hamilton. Lockwood receives more rainfall at 14.3" per year compared to 14.1" in Hamilton.