Corvallis, OR

Above Avg · 115

Oregon · Population 60,424 · Updated March 2026

$1,342
Median Rent / Month
$63,807
Median Income
$480,600
Median Home Value
$1,348
Owner Costs / Month

Affordability

How far your income goes in Corvallis

25.2%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Oregon

State-level tax rates that affect your costs

9.9%
Income Tax (Top Rate)
0%
Sales Tax
0.93%
Property Tax Rate

Estimated Annual Costs

$16,104
Annual Rent
$6,317
State Income Tax
$4,470
Property Tax (est.)

Cost of Living Overview

Corvallis is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 115 (where 100 equals the national median), Corvallis residents can expect to pay median rent of $1,342/month while earning a median household income of $63,807/year.

The median home value in Corvallis, OR is $480,600, with typical monthly owner costs around $1,348 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.2%, Corvallis falls within the generally affordable range, though it's approaching the 30% burden threshold.

Oregon's top income tax rate of 9.9% is among the highest in the nation, adding to the overall cost burden. Combined with a 0% sales tax rate and 0.93% effective property tax rate, the overall tax environment is a factor in the total cost of living in Corvallis.

Frequently Asked Questions

Common questions about living costs in Corvallis

What is the cost of living in Corvallis, OR?
The cost of living index in Corvallis, OR is 115 (US average = 100). Median monthly rent is $1,342, median household income is $63,807/year, and the median home value is $480,600.
Is Corvallis, OR affordable?
No, Corvallis is more expensive than the national average with a cost index of 115. The rent-to-income ratio is 25.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Corvallis, OR?
The median gross rent in Corvallis, OR is $1,342 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,104.
What is the median household income in Corvallis?
The median household income in Corvallis, OR is $63,807 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Oregon?
Oregon has a top income tax rate of 9.9%, a sales tax of 0%, and an effective property tax rate of 0.93%.