Lake Oswego, OR vs Sherwood, OR

There is a significant gap in the cost of living between these two cities. Sherwood is 20.2% cheaper than Lake Oswego. With a cost index of 143 vs 172, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Sherwood to Lake Oswego should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lake Oswego is $2,031/month compared to $1,967/month in Sherwood — a 3% difference. Home values follow the same pattern: Sherwood is more affordable at $564,200 median vs $894,000.

Median household income in Lake Oswego is $140,441 compared to $110,616 in Sherwood (+27%). 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 21.3% in Sherwood.

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