Cedar Mill, OR vs Lake Oswego, OR

Cedar Mill is moderately more affordable than Lake Oswego, with a 7% lower cost of living index. Cedar Mill scores 160 compared to 172 for Lake Oswego, where the US average is 100. This difference means residents of Lake Oswego can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cedar Mill is $1,780/month compared to $2,031/month in Lake Oswego — a 12% difference. Home values follow the same pattern: Cedar Mill is more affordable at $839,200 median vs $894,000.

Median household income in Cedar Mill is $167,037 compared to $140,441 in Lake Oswego (+18.9%). Cedar Mill offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cedar Mill spend roughly 12.8% of their income on rent, less than the 17.4% in Lake Oswego.

Climate-wise, both cities share similar average temperatures (52.5°F vs 54.8°F). Lake Oswego receives more rainfall at 39.6" per year compared to 35.9" in Cedar Mill.