Cost of Living in Corvallis, OR
Population: 60,424 • 2026 Data
$63,807
Median Household Income
-18% vs national
$1,342
Median Monthly Rent
+0% vs national
$480,600
Median Home Value
+42% vs national
7.9%
Unemployment Rate
Housing in Corvallis
The median home value in Corvallis, OR is $480,600. Monthly rent for a typical unit averages $1,342, while total monthly housing costs (including utilities and insurance) average $1,348.
Rent-to-income ratio: 25.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Corvallis, OR is $63,807. The unemployment rate stands at 7.9%, with a labor force of 32,656 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.