Canby, OR vs Lake Oswego, OR

The cost of living difference between Canby, OR and Lake Oswego, OR is dramatic. Canby is 30.1% cheaper than Lake Oswego, a gap that translates to thousands of dollars per year in household expenses. Canby has a cost index of 120 while Lake Oswego sits at 172, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Canby is $1,442/month compared to $2,031/month in Lake Oswego — a 29% difference. Home values follow the same pattern: Canby is more affordable at $479,500 median vs $894,000.

Median household income in Canby is $100,268 compared to $140,441 in Lake Oswego (-28.6%). The higher salaries in Lake Oswego partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Canby spend roughly 17.3% of their income on rent, less than the 17.4% in Lake Oswego.

Climate-wise, both cities share similar average temperatures (54.8°F vs 54.8°F). Lake Oswego receives more rainfall at 39.6" per year compared to 39.6" in Canby.