Cost of Living in Lake Oswego, OR
Population 40,367 · Oregon · Data vintage 2023
(100 = US avg)
Lake Oswego's housing market reflects its status as a high-earning metro: $894,000 for a typical home, 193% above the US median, paired with household incomes around $140,441 that put it in the upper third of the state.
Geographically, Lake Oswego sits roughly 9 miles south of Portland. Median home values run roughly 60% higher than Portland's $558,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Oswego
The median home value in Lake Oswego is $894,000 — 193% above the national median of $305,000. Median rent runs $2,031/month, 55% higher than the national median of $1,314/month. The median household income of $140,441/year is 88% higher than the US median of $74,580. The local unemployment rate is 4.3%, below the national average of 4.8%. Oregon's top state income tax rate is 9.9% and the combined sales tax is 0.0%. The climate averages highs of 64.4°F and lows of 45.1°F. Overall, Lake Oswego has a cost of living index of 238 versus the US average of 100, meaning it is 138% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 49 | 53 | 57 | 62 | 69 | 75 | 83 | 83 | 77 | 64 | 54 | 48 |
| Low °F | 36 | 37 | 39 | 43 | 48 | 52 | 56 | 56 | 52 | 46 | 40 | 36 |
| Precip" | 5.48 | 4.03 | 4.39 | 3.37 | 2.55 | 1.47 | 0.43 | 0.52 | 1.58 | 3.70 | 5.80 | 6.23 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Lake Oswego, OR?
Lake Oswego has a cost index of 238 (100 = national average). It is 138% above the national average.
What is average rent in Lake Oswego, OR?
The median gross rent in Lake Oswego is $2,031 per month based on 2023 Census data.
What is the average home price in Lake Oswego?
The median home value in Lake Oswego is $894,000 according to Zillow and Census data.
What is the median income in Lake Oswego?
The median household income in Lake Oswego is $140,441 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Oswego, OR?
The combined state and local sales tax rate in Lake Oswego is 0.0%. The Oregon state income tax top rate is 9.9%.
Is Lake Oswego, OR affordable?
Lake Oswego is above average in cost of living, with an index of 238 — about 138% higher than the national average.
What is the weather like in Lake Oswego?
Lake Oswego has average high temperatures of 64.4°F and average lows of 45.1°F. Annual precipitation is 39.6". Data from NOAA 1991–2020 Climate Normals.
Lake Oswego at a Glance
- Population
- 40,367
- Median Income
- $140,441
- Home Value
- $894,000
- Median Rent
- $2,031/mo
- Unemployment
- 4.3%
- Avg High Temp
- 64.4°F
- Sales Tax
- 0.0%
Nearby Cities
Explore county-level cost of living data
Oregon Rankings
Similar Cost Cities
Cities in other states with comparable housing costs