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 109.
The standard of living in Lake Oswego ranks as #99 most affordable out of the 100 places we measured in Oregon. By definition, that implies Lake Oswego ranks as the #1 most expensive place in the Beaver State.
For more reading on life in Lake Oswego, check out:
Lake Oswego Cost Of Living Vs. Oregon
Six factors go into calculating the cost of living index in Lake Oswego. Here is how it fares on each of the criteria:
The Services index in Lake Oswego is 104.
The Groceries index in Lake Oswego is 107.
The Health index in Lake Oswego is 307.
The Housing index in Lake Oswego is 105.
The Transportation index in Lake Oswego is 103.
The Utilities index in Lake Oswego is 104.
| Living Expense | Lake Oswego | Oregon | National Average |
|---|---|---|---|
| Overall | 166 | 109 | 100 |
| Services | 104 | 104 | 100 |
| Groceries | 107 | 106 | 100 |
| Health | 307 | 125 | 100 |
| Housing | 105 | 104 | 100 |
| Transportation | 103 | 106 | 100 |
| Utilities | 104 | 105 | 100 |
Lake Oswego Cost Of Living Compared To Oregon Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Oregon, check out:
Protect your home budget Compare home warranties in Lake Oswego Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Lake Oswego is $882,924.
The Median Rent in Lake Oswego is $2,139.
The Median Income in Lake Oswego is $141,549.
The Home Value To Income in Lake Oswego is 6.2x.
The Rent To Monthly Income in Lake Oswego is 0.18x.
| Statistic | Lake Oswego | Oregon | United States |
|---|---|---|---|
| Median Home Value | $882,924 | $499,003 | $332,700 |
| Median Rent | $2,139 | $1,525 | $1,413 |
| Median Income | $141,549 | $83,011 | $80,734 |
| Home Value To Income | 6.2x | 6.0x | 4.1x |
| Rent To Monthly Income | 0.18x | 0.22x | 0.21x |
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
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 128, 0.8x Lake Oswego.
Tigard, OR has a cost of living index of 136, 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 | 195,300 | 128 | 0.8x |
| Tigard, OR | 56,011 | 136 | 0.8x |
| Bethany, OR | 33,106 | 158 | 1.0x |
| Tualatin, OR | 27,763 | 139 | 0.8x |
| Camas, WA | 27,007 | 140 | 0.8x |
| West Linn, OR | 26,935 | 153 | 0.9x |
| Hazel Dell, WA | 23,237 | 123 | 0.7x |
| Milwaukie, OR | 21,392 | 124 | 0.7x |
| Sherwood, OR | 20,307 | 138 | 0.8x |
| Oak Grove, OR | 16,796 | 129 | 0.8x |
