Cost of Living in Corvallis, OR
Population 60,424 · Oregon · Data vintage 2023
(100 = US avg)
With a median age of 28 and an unusually high bachelor's-degree rate of 31%, Corvallis is shaped heavily by its student population. That also means median household incomes of $63,807 skew low — the count includes students — while working-household figures run considerably higher. A poverty rate near 26% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.
Corvallis is about 25 miles southwest of Salem, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 26% higher than Salem's $382,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Corvallis
The median home value in Corvallis is $480,600 — 58% above the national median of $305,000. Median rent runs $1,342/month, 2% higher than the national median of $1,314/month. The median household income of $63,807/year is 14% lower than the US median of $74,580. The local unemployment rate is 7.9%, above the national average of 4.8%. Oregon's top state income tax rate is 9.9% and the combined sales tax is 0.0%. The climate averages highs of 62.9°F and lows of 41.5°F. Overall, Corvallis has a cost of living index of 135 versus the US average of 100, meaning it is 35% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 47 | 51 | 55 | 60 | 67 | 73 | 82 | 82 | 77 | 64 | 52 | 46 |
| Low °F | 34 | 35 | 37 | 39 | 43 | 47 | 51 | 51 | 47 | 42 | 37 | 34 |
| Precip" | 6.24 | 5.18 | 4.58 | 3.30 | 2.09 | 1.00 | 0.27 | 0.29 | 1.29 | 3.13 | 6.12 | 7.98 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Corvallis, OR?
Corvallis has a cost index of 135 (100 = national average). It is 35% above the national average.
What is average rent in Corvallis, OR?
The median gross rent in Corvallis is $1,342 per month based on 2023 Census data.
What is the average home price in Corvallis?
The median home value in Corvallis is $480,600 according to Zillow and Census data.
What is the median income in Corvallis?
The median household income in Corvallis is $63,807 per year (2023 ACS 5-year estimates).
What is the sales tax in Corvallis, OR?
The combined state and local sales tax rate in Corvallis is 0.0%. The Oregon state income tax top rate is 9.9%.
Is Corvallis, OR affordable?
Corvallis is above average in cost of living, with an index of 135 — about 35% higher than the national average.
What is the weather like in Corvallis?
Corvallis has average high temperatures of 62.9°F and average lows of 41.5°F. Annual precipitation is 41.5". Data from NOAA 1991–2020 Climate Normals.
Corvallis at a Glance
- Population
- 60,424
- Median Income
- $63,807
- Home Value
- $480,600
- Median Rent
- $1,342/mo
- Unemployment
- 7.9%
- Avg High Temp
- 62.9°F
- Sales Tax
- 0.0%
Nearby Cities
Explore county-level cost of living data
Oregon Rankings
Similar Cost Cities
Cities in other states with comparable housing costs