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The 2016 Lake Oswego, Oregon, population is 38,496. There are 3,601 people per square mile (population density).
Show more info about Lake Oswego. Portlandâs neighbor to the south is located just a short, scenic drive down Hwy. 43. Visitors will find boutiques and fine restaurants on the shores of the cityâs 405-acre namesake lake. Lake Oswego also celebrates the arts with a number of art galleries and performing arts centers.