Living in Lake Oswego, Oregon
Cost of living, income, home prices, rent and demographics of Lake Oswego · Census data 2020–2024
Lake Oswego has 40,381 residents with a median age of 46.7. The median household income is $141,549 (71% higher than the Oregon median), the median home value is $932,200, the median rent is $2,139/month.
Lake Oswego at a glance
- Population
- 40,381
- Median age
- 46.7State: 40.4
- Median household income
- $141,549State: $83,011
- Median home value
- $932,200State: $477,600
- Median rent
- $2,139/moState: $1,525
- Homeowners
- 69.3%
- Bachelor's degree or higher
- 74.8%
- Average commute
- 22 min
Is Lake Oswego a good place to live?
Pros: Median household income 71% higher than the Oregon median; an average commute of 22 minutes; unemployment of 3.4%; a poverty rate of 3.4%.
Cons: Home values 95% higher than the state median.
The weather is best in June to September.
Cost of living in Lake Oswego
Housing is the biggest part of the cost of living. In Lake Oswego the median home value is $932,200, 180% higher than the U.S. median. Renters pay a median of $2,139 per month, which is 28.9% of household income. Homeowners with a mortgage pay $3,439 a month in housing costs.
Lake Oswego median household income
The median household income in Lake Oswego is $141,549 and the income per person is $91,830. 3.4% of residents live below the poverty line (Oregon: 11.9%).
Housing in Lake Oswego: homes for sale and rent
- Housing units
- 18,140
- Owner-occupied
- 69.3%
- Renter-occupied
- 30.7%
- Vacant
- 7%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 2.38
Lake Oswego demographics
- Population
- 40,381
- Median age
- 46.7
- Under 18
- 22.2%
- 65 and older
- 23.5%
- Households
- 16,873
- Foreign-born
- 11.5%
- Veterans
- 4.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Oswego ›
Education in Lake Oswego
74.8% of adults 25 and older in Lake Oswego have a bachelor's degree or higher (Oregon: 36.8%), and 34.1% have a graduate or professional degree.
Jobs and commute in Lake Oswego
- Unemployment rate
- 3.4%State: 5.4%
- Average commute
- 22 minState: 23 min
- Work from home
- 31.8%
- Drive alone
- 59.9%
- Public transit
- 0.5%
- Walk to work
- 1.9%
- Homes with broadband
- 97.2%
Lake Oswego vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Oswego | 40,381 | $141,549 | $932,200 | $2,139 |
| Stafford | 1,600 | $163,155 | $1,020,100 | — |
| Rivergrove | 657 | $212,898 | $902,300 | $3,501 |
| Dunthorpe | 1,875 | $250,001 | $1,459,300 | $2,350 |
| Durham | 1,983 | $81,250 | $759,600 | $1,565 |
| Oak Grove | 16,796 | $86,226 | $515,700 | $1,744 |
| Metzger | 3,714 | $91,102 | $543,400 | $1,629 |
| Tigard | 56,011 | $108,823 | $610,500 | $1,782 |
| Jennings Lodge | 7,971 | $71,054 | $462,100 | $1,669 |
More for people moving to Lake Oswego
Lake Oswego ZIP code ›Weather and climate ›Living in Lake Oswego: FAQ
What is the median household income in Lake Oswego, OR?
The median household income in Lake Oswego is $141,549, 71% higher than the Oregon median of $83,011 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Oswego?
The median home value in Lake Oswego is $932,200, compared with $477,600 in Oregon.
How much is rent in Lake Oswego?
The median gross rent in Lake Oswego is $2,139 per month, about 28.9% of household income.
Is Lake Oswego, OR a good place to live?
Pluses: median household income 71% higher than the Oregon median; an average commute of 22 minutes; unemployment of 3.4%; a poverty rate of 3.4%. Minuses: home values 95% higher than the state median.
What is the median age in Lake Oswego?
The median age in Lake Oswego is 46.7 years (Oregon: 40.4).
How long is the commute in Lake Oswego?
The average commute to work in Lake Oswego is 22 minutes; 31.8% of workers work from home.
What is the unemployment rate in Lake Oswego?
The unemployment rate in Lake Oswego is 3.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Oswego?
74.8% of adults in Lake Oswego have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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