salaryRent is higher than in 86% of U.S. cities. Household incomes are higher than in 90% of U.S. cities. A typical house costs about 6.1 years of household income, so buying is hard for most locals. It is a highly educated city: 74.8% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $101,680 a year. That is $49 an hour at a full-time job.
Is rent cheaper than other Oregon cities?
No. Rent here is more expensive than in most of Oregon. It is number 98 of 105 cities from cheapest to most expensive.
How much do households earn in Lake Oswego?
Share of households by yearly income. 57.4% of households earn $100,000 or more.
Rent by apartment size in Lake Oswego
| Size | Lake Oswego | U.S. average |
|---|---|---|
| Studio | $1,798 | $1,338 |
| 1 bedroom | $1,926 | $1,324 |
| 2 bedrooms | $2,396 | $1,509 |
| 3 bedrooms | $2,786 | $1,698 |
| 4 bedrooms | $3,234 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lake Oswego overall?
Everyday prices in Oregon overall are 3% above the U.S. average (index 103.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lake Oswego, so the Oregon figure is shown.
Taxes and bills in Lake Oswego
Life in Lake Oswego
Is it cheaper to rent or buy in Lake Oswego?
Renting is cheaper right now: about $3,926 a month less.
Owning assumes a typical $932,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $93,220 for the down payment.
Frequently asked questions
What is the average rent in Lake Oswego, OR?
Renting in Lake Oswego costs a median of about $2,542 a month in 2026, including utilities. The Oregon median is $1,811.
How much do I need to make to live in Lake Oswego?
To keep rent under 30% of income, you need about $101,680 a year, or $49 an hour at a full-time job.
Is Lake Oswego cheap or expensive?
Lake Oswego is rated Cheap: rent takes 20.0% of the typical household income of $152,661. It ranks 98th cheapest of 105 Oregon cities we track.
How much are property taxes in Lake Oswego?
The median homeowner in Lake Oswego pays $8,522 a year in property taxes, about 0.91% of the median home value.
Is Lake Oswego more expensive than the national average?
Overall prices in Oregon are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Lake Oswego?
The median home value in Lake Oswego is $932,200, about 6.1 times the typical yearly household income.
40,381 people live in Lake Oswego. Numbers are typical (middle) values.