Lake Oswego, a town in Oregon, has a population of approximately 38,000. Middle-aged professionals can expect to feel right at home, as they make up an above-average percentage of the population, while young adults appear in smaller numbers. Home ownership is more common than renting in the area, and 31% of residents rent. With an average rent of $1,460/month, exceeding the state average by $383 a month, relatively high rent costs could be playing a role in the higher levels of ownership.
Lake Oswego has a high number of residents over the age of 25 who have advanced degrees compared to the national average (7%), as 15% have earned a Master's or a Doctoral degree. Additionally, 30% have a Bachelor's degree, which also outpaces the national average. There are plenty of industries from which to choose in Lake Oswego, the most common four of which are healthcare, scientific, retail, and manufacturing. Together, these industries account for 27% of the city's labor force. Meanwhile, looking at job function, many of the city's residents work in management, as 12% of the city's population reports this as their field of work, the highest number of any career path. Lake Oswego workers earn an average annual income of just over $113,000, fourth-highest in Oregon. Lake Oswego's average income also compares favorably to the national average ($73,345).
Lake Oswego residents have an average commute of about 26 minutes. Many residents (39%) drive their car to work, while public transit is not used extensively. Walking isn't a common method of commuting to work.