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Population Review

Lake Oswego, Oregon Population 2026

Updated April 2026 · US Census ACS 2023 5-Year Estimates

The population of Lake Oswego, Oregon is 40,367 as of the 2023 American Community Survey, making it the 14th-largest city in Oregon. The median household income is $140,441, the median home value is $894,000, and the median age is 46.5.

The population has grown 8.7% since 2010 (36,813 → 40,029).

40,367

Population

3713

People / sq mi

$140,441

Median Income

$894,000

Median Home Value

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Lake Oswego covers 10.9 sq mi of land at 3713 people per square mile.

About Lake Oswego, OR

Educational attainment is the headline number in Lake Oswego: 75.1% of adults 25 and older have a four-year degree. Lake Oswego is a city in Oregon with a population of 40,367. It ranks #14 among cities in Oregon by population.

Income is a real outlier — the median household pulls in $140,441, putting Lake Oswego near the top of US cities. Hardship is rare relative to US cities: a poverty rate of just 1.7%, below the national 12.4%. Housing is expensive: the median home is worth $894,000, with typical rent around $2,031.

Degree attainment is near the top of the range for US cities: 75.1% of adults 25+ hold a bachelor’s, above the 35.0% national rate. Working from home is common here: 29.8% of workers do so, above the national 14.0%, and the average commute runs about 22 minutes each way.

The education numbers are the throughline: a college-heavy population in Lake Oswego usually coincides with higher incomes and a workforce concentrated in professional and information industries.

Lake Oswego city Population History (2010-2024)

The city of Lake Oswego city had a population of 36,813 in 2010 and 40,029 in 2024, a 8.7% growth over 14 years. The peak was 40,889 in 2020. Average annual growth rate: 0.60%.

2020 · 41K20102024
Lake Oswego city population, 2010–2024 · Source: U.S. Census Bureau — decennial census & Population Estimates

40,029

Population (2024)

36,813

Population (2010)

40,889

Peak (2020)

0.60%

Avg Annual Growth

YearPopulation
201036,813
201137,049
201237,284
201337,475
201437,842
201538,282
201638,699
201739,280
201839,524
201939,822
202040,889
202140,629
202240,226
202340,117
202440,029

Race & Ethnicity

White79.0%
Black or African American1.1%
Asian0.0%
Hispanic or Latino (any race)1.7%
Two or More Races0.1%

Economy & Income

$140,441

Median Household Income

$87,160

Per Capita Income

1.7%

Poverty Rate

2.7%

Unemployment Rate

Housing

$894,000

Median Home Value

$2,031

Median Rent

70.8%

Owner-Occupied

Education

99.0%

High School+

75.1%

Bachelor's+

Commute

1.2%

Drive Alone

61.9%

Public Transit

29.8%

Work From Home

22.2 min

Avg Commute

Community Profile

51.1%

Foreign Born

87.1%

Non-English at Home

5.6%

Veterans

8.7%

With Disability

97.7%

Health Insurance

98.2%

Internet Access

Employment by Industry

Professional, Scientific & Management26.3%
Finance, Insurance & Real Estate18.0%
Information10.4%
Manufacturing9.7%
Education, Health Care & Social Services5.9%
Arts, Entertainment & Food Services5.3%
Construction4.1%
Retail Trade3.0%
Transportation & Warehousing2.7%
Public Administration2.7%

Largest cities in Oregon

Largest counties in Oregon

Part of Oregon

Metro areas in Oregon

City rankings

Frequently Asked Questions

Lake Oswego, Oregon has a population of 40,367 according to the US Census Bureau's 2023 American Community Survey 5-year estimates, making it the 14th-largest city in Oregon.

The median household income in Lake Oswego, Oregon is $140,441, with 1.7% of residents living below the federal poverty level.

The median home value in Lake Oswego, Oregon is $894,000, with median monthly rent at $2,031 and a homeownership rate of 70.8%.

The median age in Lake Oswego, Oregon is 46.5 years. The population is 50.8% male and 49.2% female.

The population has grown 8.7% since 2010 (36,813 → 40,029).


Lake Oswego city, OR Climate

Lake Oswego city, OR has an average annual temperature of 11.5°C (53°F) and receives about 1152 mm of precipitation per year. The warmest month is July and the coldest is January. Figures are 1970–2000 climate normals.

11.5°C

Avg Temp

1152

Precip (mm/yr)

Jul

Hottest Month

Jan

Coldest Month

-5°5°15°25°189mmJFMAMJJASOND
Avg temp (°C) Precipitation (mm)
Lake Oswego city, OR — monthly temperature & precipitation (1970–2000 normals) · Source: WorldClim 2.1
MonthAvg (°C/°F)Precip
January4° / 40°171 mm
February6° / 43°131 mm
March8° / 47°118 mm
April10° / 51°81 mm
May14° / 56°63 mm
June16° / 62°45 mm
July19° / 67°19 mm
August19° / 67°25 mm
September17° / 62°49 mm
October12° / 53°89 mm
November7° / 45°172 mm
December4° / 40°189 mm

1970–2000 normals from WorldClim 2.1 (~9 km grid). Precipitation can be less precise near mountains or coastlines, where rainfall varies sharply over short distances.

Best time to visit Lake Oswego city, OR

The most comfortable months to visit Lake Oswego city, OR are typically July, August and September, when temperatures are mildest and rainfall is relatively low. The hottest month is July (around 26°C high). The coldest is January (near 1°C low). December is usually the wettest month.

JulyAugustSeptember

Where to stay near Lake Oswego

Visiting or relocating to Lake Oswego, OR? Compare hotels and short-term rentals across the metro — live availability and prices.

Top-rated places to stay near Lake Oswego

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Data from the American Community Survey (ACS) 5-Year estimates.

Source: U.S. Census Bureau ACS, 2026.