Happy Valley, OR vs Lake Oswego, OR

Happy Valley is moderately more affordable than Lake Oswego, with a 10.7% lower cost of living index. Happy Valley scores 154 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 Happy Valley is $2,025/month compared to $2,031/month in Lake Oswego — a 0% difference. Home values follow the same pattern: Happy Valley is more affordable at $671,800 median vs $894,000.

Median household income in Happy Valley is $120,324 compared to $140,441 in Lake Oswego (-14.3%). While Lake Oswego is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Happy Valley spend roughly 20.2% of their income on rent, more than the 17.4% in Lake Oswego.

Climate-wise, both cities share similar average temperatures (54.7°F vs 54.8°F). Happy Valley receives more rainfall at 40.7" per year compared to 39.6" in Lake Oswego.