Lockwood, MT vs Miles City, MT

Miles City is moderately more affordable than Lockwood, with a 8.6% lower cost of living index. Lockwood scores 82 compared to 76 for Miles City, where the US average is 100. This difference means residents of Lockwood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lockwood is $995/month compared to $932/month in Miles City — a 7% difference. Home values follow the same pattern: Miles City is more affordable at $182,700 median vs $250,900.

Median household income in Lockwood is $74,451 compared to $60,732 in Miles City (+22.6%). 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 Lockwood spend roughly 16% of their income on rent, less than the 18.4% in Miles City.

Climate-wise, both cities share similar average temperatures (48.2°F vs 46.2°F). Lockwood receives more rainfall at 14.3" per year compared to 12.9" in Miles City.