Laurel, MT vs Lockwood, MT

Laurel, MT and Lockwood, MT have a very similar cost of living, with only a 3.4% difference in their overall index. Laurel scores 80 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 Laurel is $953/month compared to $995/month in Lockwood — a 4% difference. Home values follow the same pattern: Laurel is more affordable at $232,700 median vs $250,900.

Median household income in Laurel is $66,382 compared to $74,451 in Lockwood (-10.8%). While Lockwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Laurel spend roughly 17.2% of their income on rent, more than the 16% in Lockwood.

Climate-wise, both cities share similar average temperatures (48.2°F vs 48.2°F). Lockwood receives more rainfall at 14.3" per year compared to 14.3" in Laurel.