Lake Oswego

Population: 40,367
Median household income: $140,441
Median home value: $894,000

Lake Oswego is a community in Clackamas County, Oregon, home to 40,367 residents. The median household income of $140,441 is above the Clackamas County median ($100,360).

From 2019 to 2023, Lake Oswego's population grew 3.2% from 39,127 to 40,367, while its median home value rose 40.3% from $637,200 to $894,000.

The largest age group is 5 to 17, 18.0% of residents. White (non-Hispanic) residents are the largest group, 77.9% of the population.

Demographics

ACS 2019–2023

Population: 40,367
Median age: 46.5 yrs
Median household income: $140,441
Median home value: $894,000
Median gross rent: $2,031
Housing units: 17,838
Homeownership rate: 70.8%
Bachelor's degree or higher: 75.1%
Unemployment rate: 4.3%

Trends

ACS 5-year · 2019–2023

Population

39,12740,367

Median household income

$108,927$140,441

Median home value

$637,200$894,000

Median gross rent

$1,614$2,031

Year	Population	Median household income	Median home value	Median gross rent
2019	39,127	$108,927	$637,200	$1,614
2020	39,476	$114,444	$659,400	$1,725
2021	40,390	$120,585	$691,700	$1,811
2022	40,457	$127,252	$825,000	$1,979
2023	40,367	$140,441	$894,000	$2,031

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.0%

5 to 1718.0%

18 to 244.0%

25 to 347.8%

35 to 4412.7%

45 to 5415.5%

55 to 6414.0%

65 to 7414.1%

75 and over8.8%

	Count	Share
Under 5	2,025	5.0%
5 to 17	7,248	18.0%
18 to 24	1,626	4.0%
25 to 34	3,161	7.8%
35 to 44	5,117	12.7%
45 to 54	6,275	15.5%
55 to 64	5,666	14.0%
65 to 74	5,697	14.1%
75 and over	3,552	8.8%

Race & ethnicity

	Count	Share
White (non-Hispanic)	31,461	77.9%
Black or African American	439	1.1%
American Indian & Alaska Native	38	0.1%
Asian	3,342	8.3%
Native Hawaiian & Pacific Islander	27	0.1%
Some other race	185	0.5%
Two or more races	2,915	7.2%
Hispanic or Latino (any race)	1,960	4.9%

Educational attainment (age 25+)

No high school diploma1.0%

High school graduate6.0%

Some college or associate's17.9%

Bachelor's degree41.5%

Graduate or professional degree33.6%

	Count	Share
No high school diploma	291	1.0%
High school graduate	1,769	6.0%
Some college or associate's	5,265	17.9%
Bachelor's degree	12,237	41.5%
Graduate or professional degree	9,906	33.6%

Commute to work

Mean travel time to work: 22 min

Drove alone61.9%

Carpooled4.0%

Public transit1.2%

Walked1.3%

Bicycle0.5%

Worked from home29.8%

Other means1.4%

How workers get to work

	Count	Share
Drove alone	11,711	61.9%
Carpooled	750	4.0%
Public transit	228	1.2%
Walked	247	1.3%
Bicycle	90	0.5%
Worked from home	5,637	29.8%
Other means	265	1.4%

Travel time

	Count	Share
Under 15 min	3,381	25.4%
15 to 29 min	5,886	44.3%
30 to 44 min	3,010	22.6%
45 to 59 min	718	5.4%
60+ min	296	2.2%

Households

Average household size: 2.41
Poverty rate: 3.1% (1,249 of 40,177)

	Count	Share
Family households	11,285	67.8%
Nonfamily households	5,369	32.2%

Housing

Median year structure built: 1982

Occupancy

	Count	Share
Occupied	16,654	93.4%
Vacant	1,184	6.6%

Tenure (of occupied units)

	Count	Share
Owner-occupied	11,786	70.8%
Renter-occupied	4,868	29.2%

1-unit, detached62.7%

1-unit, attached7.9%

2 to 4 units5.5%

5 to 19 units12.0%

20 or more units11.6%

Mobile home & other0.3%

Units in structure

	Count	Share
1-unit, detached	11,183	62.7%
1-unit, attached	1,415	7.9%
2 to 4 units	989	5.5%
5 to 19 units	2,140	12.0%
20 or more units	2,066	11.6%
Mobile home & other	45	0.3%

Geography

Place GEOID: 4140550
Type (LSAD): 25
Land area: 11 sq mi
Water area: 0.66 sq mi
Center point: 45.4136, -122.7000