Salary & Cost of Living in Lake Oswego, OR
Lake Oswego, OR: $55,073 median salary, cost of living index 107, $14.70/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$55,073
$26/hr
Cost of Living
107
US avg = 100
Minimum Wage
$14.70
per hour
Unemployment
3.6%
rate
Lake Oswego, OR Overview
Population
40,018
Median Salary
$55,073
Average Salary
$61,682
Avg Commute
16 min
Median Home Price
$468,000
Median Rent
$1,892/mo
Job Growth
+2.3%
Sales Tax
0%
Lake Oswego is located in Oregon with a population of 40,018. The median household salary is $55,073 per year ($26/hour), which is $4,311 below the national median of $59,384. The average commute time is 16 minutes, and the city has a job growth rate of +2.3%.
Lake Oswego Salary by Experience Level (2026)
Wage distribution in Lake Oswego, OR based on BLS percentile breakdown of the $55,073 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $34,145 | $16.42/hr | 0–2 years |
| Mid-Level (Median) | $55,073 | $26.48/hr | 3–7 years |
| Senior-Level | $78,204 | $37.60/hr | 8–15 years |
| Top 10% (90th Percentile) | $98,030 | $47.13/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Lake Oswego Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Lake Oswego, OR, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$40,138
$3,344.83/month · $1,543.77/biweekly · Effective Rate: 27.1%
Gross Pay
$55,073
Federal Tax
-$4,570
State Tax
-$5,452
Local Tax
-$699
FICA
-$4,213
Net Pay
$40,138
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,589.42 | $55,073.00 |
| Federal Income Tax | -$380.86 | -$4,570.26 |
| Oregon State Tax (9.9%) | -$454.35 | -$5,452.23 |
| Local Tax (1.27%) | -$58.29 | -$699.43 |
| Social Security (6.2%) | -$284.54 | -$3,414.53 |
| Medicare (1.45%) | -$66.55 | -$798.56 |
| Net Take-Home Pay | $3,344.83 | $40,138.00 |
Salary Comparison: Lake Oswego vs Other Cities
See how Lake Oswego's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Lake Oswego, OR | $55,073 | 107 | $51,470 |
| National Average | $59,384 | 100 | $59,384 |
| Tooele, UT | $55,064 | 105.2 | $52,342 |
| Euless, TX | $55,020 | 96.8 | $56,839 |
| Irondequoit, NY | $55,008 | 142.1 | $38,711 |
| Santa Ana, CA | $55,000 | 150 | $36,667 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Lake Oswego
Lake Oswego's cost of living index is 107 (national average = 100). Living in Lake Oswego is 7% more expensive than the national average.
Median Home Price
$468,000
Median Monthly Rent
$1,892
Annual Rent Cost
$22,704
Your Salary's Purchasing Power
Your $40,138 annual take-home pay in Lake Oswego has the purchasing power of approximately $37,512 in an average-cost US area. You would need to earn $58,928 in Lake Oswego to match a $55,073 salary in an average-cost city.
Top Industries in Lake Oswego
Lake Oswego's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $55,073.
Salary Tips for Lake Oswego Workers
- Maximize pre-tax deductions. With a 9.9% state income tax rate, maximizing 401(k) contributions (up to $24,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Lake Oswego's top industries include Technology, Forestry, Agriculture. Targeting roles in these sectors can help you earn above the $55,073 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Lake Oswego, OR?
The median salary in Lake Oswego, OR is $55,073 per year, or $26 per hour. The average salary is $61,682. This is $4,311 below the national median of $59,384.
What is the cost of living in Lake Oswego, OR?
Lake Oswego's cost of living index is 107 (national average = 100), meaning it is 7% more expensive compared to the national average. The median home price is $468,000 and the median monthly rent is $1,892.
What are the best industries in Lake Oswego?
The top industries in Lake Oswego, OR include Technology, Forestry, Agriculture. The city has a job growth rate of 2.3% and an unemployment rate of 3.6%. Workers in these industries often earn above the city's median salary of $55,073.
How does Lake Oswego's salary compare to other cities?
Lake Oswego's median salary of $55,073 is 7.3% below the national median of $59,384. However, when adjusted for cost of living (index: 107), the real purchasing power is approximately $51,470.
What is the minimum wage in Lake Oswego, OR?
The minimum wage in Lake Oswego, OR is $14.70 per hour. This equals approximately $30,576 per year for a full-time worker (40 hours/week). This is $7.45 above the federal minimum wage of $7.25/hour.