Lake County, Oregon
Income Data
At a Glance
How Lake County Compares
Detailed Income Statistics
Data Story
About Household Income in Lake County, Oregon
Lake County income below U.S. median
Lake County's median household income of $61,222 falls 18% short of the national median of $74,755, positioning the sparsely populated county below typical American earnings. The $13,533 gap reflects an economy centered on ranching, timber, and natural resource sectors with limited wage growth. Lake ranks among the lower-earning counties nationally, but outpaces some rural peers.
Slightly above state bottom tier
At $61,222, Lake County inches above Josephine and Klamath but remains $8,743 below Oregon's state median of $69,965. This positioning places Lake in Oregon's lower-middle ranks, where geographic isolation and smaller population limit economic diversification. The $8,743 shortfall underscores rural Oregon's persistent income challenges.
Best performer among rural trio
Lake's $61,222 income edges ahead of both Josephine ($59,097) and Klamath ($59,353), making it the highest earner in this rural cluster. Yet all three share similar economic structures and challenges tied to natural resource dependence. Lake's slight advantage may reflect agricultural stability or smaller population size.
Most affordable housing in the region
Lake County boasts the lowest rent-to-income ratio among its rural peers at 16.9%, indicating housing costs consume the least percentage of median income. A median home value of just $219,400—dramatically lower than state averages—means homeownership is genuinely accessible. This affordability advantage gives households more resources for savings and investment.
Affordability unlocks long-term wealth building
Lake's combination of lower income and exceptionally affordable housing creates unique wealth-building potential for disciplined savers. Households saving 15% of income after housing still have room for emergencies and retirement contributions. Consulting with a fee-only financial advisor can help maximize wealth-building in this lower-income environment.
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Income Comparison Calculator
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Your income is above the Lake County median
County median: $61,222 per year
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vs. State Average
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vs. National Median
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.