Lake Oswego, OR Cost Of Living
Cost Of Living In Lake Oswego, OR Summary
Cost of living in Lake Oswego research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lake Oswego is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Oregon, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lake Oswego is 166, with 100 being the average.
The cost of living index in Lake Oswego is 1.7x higher than the national average.
Lake Oswego ranks as the #97 cheapest in Oregon out of 99.
Lake Oswego ranks as the #5,995 cheapest out of 6,489 in the US.
The median home value in Lake Oswego is $873,935.
The median income in Lake Oswego is $140,441.
Table Of Contents
Lake Oswego's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lake Oswego, OR?
According to the most recent data on the cost of living, Lake Oswego has an overall cost of living index of 166, which is 1.7x higher than the national index of 100.
Compared to Oregon, Lake Oswego has a cost of living index that's 1.5x higher than Oregon's index of 112.
The standard of living in Lake Oswego ranks as #97 most affordable out of the 99 places we measured in Oregon. By definition, that implies Lake Oswego ranks as the #2 most expensive place in the Beaver State.
For more reading on life in Lake Oswego, check out:
In Oregon
In America
Lake Oswego Cost Of Living Vs. Oregon
Six factors go into calculating the cost of living index in Lake Oswego. Here is how it fairs on each of the criteria:
The Services index in Lake Oswego is 105.
The Groceries index in Lake Oswego is 109.
The Health index in Lake Oswego is 111.
The Housing index in Lake Oswego is 304.
The Transportation index in Lake Oswego is 127.
The Utilities index in Lake Oswego is 96.
| Living Expense | Lake Oswego | Oregon | National Average | |
|---|---|---|---|---|
| Overall | 166 | 112 | 100 | |
| Services | 105 | 107 | 100 | |
| Groceries | 109 | 107 | 100 | |
| Health | 111 | 104 | 100 | |
| Housing | 304 | 124 | 100 | |
| Transportation | 127 | 116 | 100 | |
| Utilities | 96 | 97 | 100 | |
Lake Oswego, OR Housing Cost Breakdown
Housing swings affordability the most between places in Oregon, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Lake Oswego is $873,935.
The Median Rent in Lake Oswego is $2,031.
The Median Income in Lake Oswego is $140,441.
The Home Value To Income in Lake Oswego is 6.2x.
The Rent To Monthly Income in Lake Oswego is 0.17x.
| Statistic | Lake Oswego | Oregon | United States |
|---|---|---|---|
| Median Home Value | $873,935 | $496,180 | $303,400 |
| Median Rent | $2,031 | $1,450 | $1,348 |
| Median Income | $140,441 | $80,426 | $78,538 |
| Home Value To Income | 6.2x | 6.2x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.22x | 0.21x |
Median Home Value
Median Rent
Median Income
Lake Oswego, OR Costs By Category
Detailed Lake Oswego Services Costs Vs. Oregon
| Item | Lake Oswego | Oregon |
|---|---|---|
| Shampoo | $1.53 | $1.28 |
| Movie | $12.98 | $12.13 |
| Bowling | $18.31 | $18 |
| Haircut | $41.22 | $24.26 |
| Beauty Salon | $60.58 | $45.56 |
Detailed Lake Oswego Groceries Costs Vs. Oregon
| Item | Lake Oswego | Oregon |
|---|---|---|
| Ground Beef | $6.17 | $5.84 |
| Fried Chicken | $2.03 | $1.57 |
| Milk | $5.04 | $4.67 |
| Potatoes | $4.39 | $4.93 |
| Pizza | $12.21 | $12.09 |
| Beer | $12.07 | $10.41 |
| Toothpaste | $3.63 | $3.7 |
Detailed Lake Oswego Health Costs Vs. Oregon
| Item | Lake Oswego | Oregon |
|---|---|---|
| Optometrist | $131.94 | $125.68 |
| Doctor | $188.49 | $135.78 |
| Dentist | $115.08 | $113.29 |
Detailed Lake Oswego Transportation Costs Vs. Oregon
| Item | Lake Oswego | Oregon |
|---|---|---|
| Gasoline | $4.16 | $3.46 |
| Tire Balancing | $84.45 | $59.92 |
Detailed Lake Oswego Utilities Costs Vs. Oregon
| Item | Lake Oswego | Oregon |
|---|---|---|
| All Electricity | $182.73 | $193.99 |
| Phone | $190.36 | $192.25 |
Lake Oswego SnackAbility
/10
Cost Of Living In Cities Around Lake Oswego
The cost of living varies in the cities and towns around Lake Oswego. Here's a quick look at the cost of living in the most populous nearby places:
Vancouver, WA has a cost of living index of 122, 0.7x Lake Oswego.
Tigard, OR has a cost of living index of 139, 0.8x Lake Oswego.
Bethany, OR has a cost of living index of 158, 1.0x Lake Oswego.
| City | Population | Cost Of Living | Vs. Lake Oswego |
|---|---|---|---|
| Vancouver, WA | 192,696 | 122 | 0.7x |
| Tigard, OR | 55,395 | 139 | 0.8x |
| Bethany, OR | 31,700 | 158 | 1.0x |
| Tualatin, OR | 27,710 | 138 | 0.8x |
| West Linn, OR | 27,065 | 152 | 0.9x |
| Camas, WA | 26,779 | 142 | 0.9x |
| Hazel Dell, WA | 23,086 | 124 | 0.7x |
| Milwaukie, OR | 21,256 | 127 | 0.8x |
| Sherwood, OR | 20,227 | 138 | 0.8x |
| Oak Grove, OR | 17,408 | 128 | 0.8x |
