Watson's father was a laborer and his mother, Rhoda, was a school teacher. Watson earned his bachelor's degree in business management in 2001 at Samford University, where he also played wide receiver for the Samford Bulldogs football team. He returned to complete his master's in divinity at Samford's Beeson Divinity School in 2010. He was ordained on September 12 of that year. Watson and his wife, Katrina reside in Birmingham.
In addition to his ministry and service on the Board of Education, Watson is a board member for the Community Investment Network, a program coordinator for the Birmingham Urban League, and a participant in Birmingham Young Professionals United. He has also worked with numerous other organizations in the area. He was a founding member of the Birmingham Change Fund and is founder and CEO of the Penny Foundation.
In 2019 he was appointed by the Mayor of Birmingham to serve on the Birmingham Land Bank Authority board of directors, where he currently serves as Vice Chair of the board of directors.
- Temple, Chanda (November 7, 2010) "Our Wedding: Katrina Marshall & Lyord Watson Jr., Dec. 12, 2009." The Birmingham News
- Leech, Marie (August 23, 2013) "Birmingham election: blighted properties, safer streets, better schools top priorities for District 2 voters." The Birmingham News