Is Phoenix, AZ cheaper than Lake Oswego, OR?

Based on cost of living data, Phoenix, AZ is 15.5% cheaper than Lake Oswego, OR. This translates to saving $1164 per month.

What salary do I need in Phoenix, AZ to live like I do in Lake Oswego, OR?

If you earn $150,000 in Lake Oswego, OR, you'd need approximately $136,029.735 in Phoenix, AZ to maintain the same standard of living.

How does housing cost compare between Lake Oswego, OR and Phoenix, AZ?

Housing in Phoenix, AZ is 29.9% cheaper than in Lake Oswego, OR. For a two-bedroom apartment, rent is $1,750/month in Phoenix, AZ compared to $1,833/month in Lake Oswego, OR.

How much can I save per month by moving from Lake Oswego, OR to Phoenix, AZ?

Moving from Lake Oswego, OR to Phoenix, AZ could save you approximately $1164 per month, or $13970 per year, based on a $150,000 salary.

Lake Oswego, OR vs Phoenix, AZ: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Lake Oswego, OR — ZIP-level rent data · COL adjusted from Portland, OR area

Current salary in Lake Oswego, OR

Numbers update automatically as you type

You'd save $1.2K/month moving to Phoenix, AZ

$150.0K in your current city equals $136.0K in Phoenix, AZ

Rent data from HUD ZIP-level estimates · COL index from Portland-Vancouver-Hillsboro, OR-WA area

Overall Cost

↓ 15.5%

Less expensive

Monthly Impact

$1,164

Savings

Annual Impact

$14.0K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Lake Oswego, OR

Population:40K

Cost Index:100

Median Home:$902K

Phoenix, AZ

Population:1608K

Cost Index:84

Median Home:$414K

Lake Oswego, OR

The Beaver State

40K

Population

State Tax

Yes

Located in Oregon, this city has a population of 40K residents.

Phoenix, AZ

The Grand Canyon State

1.6M

Population

State Tax

Yes

Climate

Hot desert

Notable Facts

•Fastest growing major city
•Desert metropolis
•Spring training capital

Major Industries

TechnologyHealthcareTourismManufacturing

Cost Breakdown by Category

Annual spending: Lake Oswego, OR vs Phoenix, AZ

Category	Lake Oswego, OR	Phoenix, AZ	Difference	Change
🏠Housing	$3,978/mo	$2,788/mo	↓ $1,190less	29.9%
📦Other	$1,809/mo	$1,677/mo	↓ $132less	7.3%
🚗Transportation	$1,617/mo	$1,489/mo	↓ $128less	7.9%
⚡All Utilities	$461/mo	$561/mo	↑ $100more	21.8%
🛒Groceries	$1,036/mo	$963/mo	↓ $73.19less	7.1%
🏥Healthcare	$643/mo	$589/mo	↓ $54.05less	8.4%

🏠Housing

↓ 29.9%

Lake Oswego, OR

$3,978

Phoenix, AZ

$2,788

Difference

$1,190

less

📦Other

↓ 7.3%

Lake Oswego, OR

$1,809

Phoenix, AZ

$1,677

Difference

$132

less

🚗Transportation

↓ 7.9%

Lake Oswego, OR

$1,617

Phoenix, AZ

$1,489

Difference

$128

less

⚡All Utilities

↑ 21.8%

Lake Oswego, OR

$461

Phoenix, AZ

$561

Difference

$100

🛒Groceries

↓ 7.1%

Lake Oswego, OR

$1,036

Phoenix, AZ

$963

Difference

$73.19

less

🏥Healthcare

↓ 8.4%

Lake Oswego, OR

$643

Phoenix, AZ

$589

Difference

$54.05

less

🏠Rent Comparison

Studio

From$1,498

To$1,390

↓ $108

1 Bed

From$1,602

To$1,510

↓ $92.00

2 Bed

From$1,833

To$1,750

↓ $83.00

3 Bed

From$2,500

To$2,330

↓ $170

Lake Oswego, ORZIP-level data

1BR range: $1,990–$2,020/mo

Phoenix, AZZIP-level data

1BR range: $1,300–$2,380/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$9,545

Monthly in Lake Oswego, OR

$8,068

Monthly in Phoenix, AZ

$1,477

Difference

Home Values

Lake Oswego

Phoenix

$902K

Median Value

$414K

↑ +0.1%

YoY Change

↓ -3.1%

↑ +29.2%

5-Year Change

↑ +30.2%

$720K - $1.08M

Price Range

$274K - $957K

Homes in Phoenix are 54% less expensive than Lake Oswego

Calculate payment - Lake Oswego Calculate payment - Phoenix

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $10.3K

Per year

Monthly Difference

$857

More take-home

Effective Rate Diff

6.9%

Rate difference

Lake Oswego, OR

Federal Income Tax

Effective: 18.9%

$25.5K

Oregon State Tax

Effective: 10.3%

$15.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 35.0%

$52.5K

Take-Home Pay

$8,123/month

$97.5K

Phoenix, AZ

Federal Income Tax

Effective: 18.9%

$25.5K

Arizona State Tax

Effective: 3.5%

$5.2K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 28.2%

$42.2K

Take-Home Pay

$8,979/month

$107.8K

Additional Tax Information

Lake Oswego, OR Tax Rates

Sales Tax:0.0%

Property Tax:0.9%

Phoenix, AZ Tax Rates

Sales Tax:8.5%

Property Tax:0.6%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.