Cost of Living in Lake Oswego, OR
Population 40,381 · Census ACS 2020–2024 5-year estimates
The median rent in Lake Oswego, OR is $2,139/month, 40% higher than the Oregon median and 51% higher than the U.S. median. The median home value is $932,200, 180% higher than the national median. Households earn a median of $141,549 a year, 71% higher than the state median.
Affordability
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Lake Oswego vs. Oregon vs. U.S.
| Lake Oswego | Oregon | U.S. | |
|---|---|---|---|
| Median rent | $2,139 | $1,525 | $1,413 |
| Median home value | $932,200 | $477,600 | $332,700 |
| Median household income | $141,549 | $83,011 | $80,734 |
| Homeownership rate | 69.3% | 63.3% | 65.2% |
| Bachelor's degree or higher | 74.8% | 36.8% | 35.7% |
| Poverty rate | 3.4% | 11.9% | 12.5% |
| Unemployment rate | 3.4% | 5.4% | 5.2% |
| Work from home | 31.8% | 19.0% | 15.1% |
| Median age | 46.7 | 40.4 | 38.9 |
FAQ
What is the average rent in Lake Oswego, OR?
The median gross rent in Lake Oswego, OR is $2,139 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Lake Oswego, OR?
Using the common 30% rule, renting a median-priced home takes about $85,560 a year in gross income.
Is Lake Oswego, OR expensive to live in?
Rent there is 51% higher than the U.S. median, and the median home costs about 6.6 times the median household income.
Other cities in Oregon
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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