Housing costs in Lake Oswego?
A typical home costs
$709,200, which is 109.8% more expensive than the national average of
$338,100 and 51.4% more expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Lake Oswego costs
$2,240 per month, which is 47.4% more than the national average of
$1,520 and 17.9% more than the state average of
$1,840.
Can I afford Lake Oswego?
To live comfortably in Lake Oswego (zip 97035), Oregon, a minimum annual income of
$135,720 for a family, and
$78,400 for a single person is recommended.
What does A.I. say about Lake Oswego?
The cost of living in 97035 Lake Oswego, OR is relatively high, due to it being an affluent area. According to BestPlaces, the overall cost of living index for the area is 124.43%, meaning that everyday expenses are 24% higher than the national average. Goods and services cost 11.75% more than the US average, and rent costs 61.19% more than other parts of the country. However, given all these higher prices, local residents benefit from higher median household incomes and lower unemployment rates compared to the rest of Oregon and the United States as a whole.