Lake Oswego, OR vs Redmond, OR

The cost of living difference between Lake Oswego, OR and Redmond, OR is dramatic. Redmond is 46.7% cheaper than Lake Oswego, a gap that translates to thousands of dollars per year in household expenses. Lake Oswego has a cost index of 172 while Redmond sits at 117, 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 Lake Oswego is $2,031/month compared to $1,479/month in Redmond — a 37% difference. Home values follow the same pattern: Redmond is more affordable at $435,000 median vs $894,000.

Median household income in Lake Oswego is $140,441 compared to $79,789 in Redmond (+76%). 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 Lake Oswego spend roughly 17.4% of their income on rent, less than the 22.2% in Redmond.

Climate-wise, Lake Oswego is notably warmer with an average of 54.8°F compared to 48.9°F in Redmond. Lake Oswego receives more rainfall at 39.6" per year compared to 8.5" in Redmond.