Lake Oswego cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLake OswegoOregonNational
Cost of living index150117100
IndexLake OswegoOregonNational
Goods & Services index122122100
Groceries index116116100
Health care index114114100
Housing index232122100
Transportation index111111100
Utilities index8989100
The above illustration supplies generalized information for the Lake Oswego, OR cost of living index. Compared to other cities in Oregon and cities across the country, the cost of living index in Lake Oswego, OR is 150, which is 28% higher than the Oregon average and 50% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Lake Oswego, OR are equal to the average for Oregon and 22% higher than the rest of the country.

Did you know?

  • The cost of living in Lake Oswego is 28% higher than the Oregon average.
  • The cost of living in Lake Oswego is 50% higher than the national average.
  • The cost of housing in Lake Oswego is 132% higher than the national average.
  • Oregon general sales tax is 100% lower than the national average.
  • Oregon state income tax is 125% higher than the national average.

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Compare Lake Oswego, OR Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current salary in Lake Oswego, OR to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Lake Oswego, OR, then you would need to earn more income in order to maintain the same standard of living. To use the Lake Oswego, OR salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$117,549$9,796$2,743$3,527
Renters$46,285$3,857$1,080$1,389
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Lake Oswego, OR, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Lake Oswego, OR has a median income of about $117,549 for people who own homes. Based on that number, a person should spend a maximum of $2,743 on expenses related to housing. Renters have a slightly different median income, which is $46,285. Based on this average, renters should spend no more than $1,080 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Oregon Sales Tax

StateGeneral Sales TaxWith Max Surtax
Oregon0%0%

Oregon Income Tax

StateIncome Tax (Low)Income Tax (High)
Oregon5%9.9%
When considering the overall cost of living expenses in Lake Oswego, OR, it's important to take into account the sales tax for Oregon, as well as the rate for income tax in Oregon. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Oregon is 0%, and the sales tax in the state of Oregon is 0%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Oregon starts from 5% and goes up to 9.9%.

Goods & Services

ItemLake OswegoNational avg.Difference
Haircut $25.20$14.5972.7%
Beauty Salon $46.60$34.6834.4%
Toothpaste $3.42$2.4738.3%
Shampoo $1.72$1.0268.3%
Movie $10.15$9.872.9%
Bowling $3.45$4.3921.4%

Groceries

ItemLake OswegoNational avg.Difference
Ground Beef $4.65$4.483.9%
Fried Chicken $2.69$1.4683.7%
Milk $1.97$2.3616.4%
Potatoes $2.73$3.0610.8%
Pizza $11.00$9.2419.0%
Beer $8.85$8.632.5%

Health Care

ItemLake OswegoNational avg.Difference
Optometrist $124.50$99.7824.8%
Doctor $131.85$105.0325.5%
Dentist $101.00$88.7013.9%
Ibuprofen $14.45$9.4153.5%
Lipitor $251.31$298.5015.8%

Housing

ItemLake OswegoNational avg.Difference
Home Price $478,400.00$175,700.00172.3%
Avg. Mortgage Payment $1,517.59$1,081.0340.4%
Apartment Rent $1,273.00$920.0038.4%

Transportation

ItemLake OswegoNational avg.Difference
Gasoline $2.30$2.099.9%
Tire Balancing $52.33$45.2915.6%

Utilities

ItemLake OswegoNational avg.Difference
All Electricity$151.02$170.8011.6%
Phone $25.01$28.2611.5%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Johnson City, OR57389-11%
Wood Village, OR3,9461033%
Donald, OR1,0681099%
King City, OR3,35111111%
Fairview, OR9,09411313%
Lake Oswego, OR37,31015050%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Essex, MD37,38099-1%
Oakley, CA37,39112222%
Spartanburg, SC37,21694-6%
Addison, IL37,21511111%
Calumet City, IL37,19796-4%
Lake Oswego, OR37,31015050%
Source: The Lake Oswego, OR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.