Lake Oswego, OR
Population 40,367 · Oregon
About Lake Oswego, OR
Lake Oswego is a mid-sized city in Oregon with a population of 40,367 residents. The median household income is $140,441 per year, which is above the national average. The median age in Lake Oswego is 46.5 years.
Housing in Lake Oswego has a median home value of $894,000 and median monthly rent of $2,031. Of the 17,838 total housing units, the majority are owner-occupied, with 11,786 owner-occupied and 4,868 renter-occupied units.
The unemployment rate in Lake Oswego is 4.3% and the poverty rate is 3.1%. 75.1% of residents hold a bachelor's degree or higher. The average commute time is 22.2 minutes.
How Lake Oswego Ranks in Oregon
Cost of Living in Lake Oswego, OR
Compared to national averages, Lake Oswego has a median household income of $140,441 (87% above the national median of $75,149). Home values average $894,000, which is 265% above the national median. Monthly rent at $2,031 is 75% above the US average of $1,163. Within Oregon, Lake Oswego's income is 84% above the state average of $76,196, and home values are 134% above the state median of $382,095.
Why Live in Lake Oswego, OR?
Lake Oswego offers a strong local economy with a median household income of $140,441, well above the national average, and a well-educated community where 75.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.1%, better than the national average. Additionally, the city features short commute times averaging just 22.2 minutes.
Potential considerations include a competitive housing market where the typical home costs $894,000. However, Lake Oswego’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Oswego has a population of 40,367 with a median age of 46.5 years. Compare Lake Oswego with other cities to see how it stacks up, or explore all cities in Oregon.
Similar Cities Near Lake Oswego
Cities in Oregon with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Grants Pass | 39,183 | $56,877 | $364,200 | Compare |
| Keizer | 39,013 | $81,217 | $396,700 | Compare |
| Oregon City | 37,482 | $94,648 | $531,400 | Compare |
| Redmond | 35,161 | $79,789 | $435,000 | Compare |
| McMinnville | 34,493 | $70,060 | $391,100 | Compare |
| Bethany | 31,700 | $164,315 | $699,200 | Compare |
| Tualatin | 27,710 | $105,073 | $595,800 | Compare |
| Aloha | 53,362 | $96,754 | $465,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oregon
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lake Oswego
What is the population of Lake Oswego, OR?
The population of Lake Oswego, OR is 40,367 according to the latest Census data.
What is the median household income in Lake Oswego?
The median household income in Lake Oswego, OR is $140,441 per year.
What is the median home value in Lake Oswego?
The median home value in Lake Oswego, OR is $894,000.
What is the average rent in Lake Oswego?
The median monthly rent in Lake Oswego, OR is $2,031.
What is the unemployment rate in Lake Oswego?
The unemployment rate in Lake Oswego, OR is 4.3%.