Cost of Living in Corvallis, OR
Updated November 2026 · Benton County · Corvallis, OR metro area · population 59,960
Prices in Corvallis are 4.4% above the US average (local index 104.4; the BEA index for the Corvallis, OR metro area is 104.0), with local housing the biggest cost driver at 113.2; a single adult's modelled budget is about $2,786 a month and the median rent is $1,391.
Prices by category
CostLiving local estimate. 100 = US average; 110 means prices are 10% higher. Housing reflects Corvallis's own median rent compared with the area's average rent; goods, utilities and other services are BEA's official price parities for the Corvallis, OR metro area, unchanged.
Corvallis price index by category, US average = 100: All items 104.4, Housing (rents) 113.2, Goods 105.3, Utilities 108.6, Other services 100.3
It is the 7th most expensive of the 16 Oregon cities in our data. More expensive than 59% of the cities we cover.
| BEA index | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| All items | 103.0 | 102.7 | 101.9 | 106.1 | 106.5 | 104.0 |
Monthly budget by household type
1 adult · 1-bedroom · modelled estimate for Corvallis, OR
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $1,028 | $12,336 | 37% |
| Utilities | $262 | $3,144 | 9% |
| Food at home | $297 | $3,564 | 11% |
| Transportation | $672 | $8,064 | 24% |
| Health care | $353 | $4,236 | 13% |
| Clothing, personal care & supplies | $174 | $2,088 | 6% |
| Total | $2,786 | $33,432 | 100% |
2 adults · 2-bedroom · modelled estimate for Corvallis, OR
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $1,337 | $16,044 | 29% |
| Utilities | $419 | $5,028 | 9% |
| Food at home | $548 | $6,576 | 12% |
| Transportation | $1,329 | $15,948 | 29% |
| Health care | $653 | $7,836 | 14% |
| Clothing, personal care & supplies | $343 | $4,116 | 7% |
| Total | $4,629 | $55,548 | 100% |
2 adults + 2 children · 3-bedroom · modelled estimate for Corvallis, OR
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $1,822 | $21,864 | 31% |
| Utilities | $510 | $6,120 | 9% |
| Food at home | $782 | $9,384 | 13% |
| Transportation | $1,771 | $21,252 | 30% |
| Health care | $609 | $7,308 | 10% |
| Clothing, personal care & supplies | $442 | $5,304 | 7% |
| Total | $5,936 | $71,232 | 100% |
Modelled estimate of basic costs, excluding taxes, child care and savings. Housing is rent excluding tenant-paid utilities (counted under utilities). See how the budget is calculated.
Housing costs in Corvallis
Rent by number of bedrooms
| Size | Median rent |
|---|---|
| Studio | $1,071 |
| 1 bedroom | $1,121 |
| 2 bedrooms | $1,457 |
| 3 bedrooms | $1,986 |
| 4 bedrooms | $1,330 |
Median rent: Census ACS 2020-2024 median gross rent by bedrooms (rent plus tenant-paid utilities, all renters).
Rent, home values and affordability
| Measure | Value |
|---|---|
| Median gross rent | $1,391 |
| Median contract rent (excl. utilities) | $1,276 |
| Median home value | $502,900 |
| Owner costs with a mortgage | $2,168/mo |
| Median household income | $65,012 |
| Rent as % of renter income Very expensive | 40.2% |
| Home value ÷ household income Very expensive | 7.7× |
Census ACS 5-year 2020-2024.
Electricity and gas prices
Residential electricity in Oregon
15.92¢ per kWh, August 2026
12-month change: +0.4% (from 15.85¢) · US 18.16¢
Average household uses 843 kWh a month in Oregon ≈ $131/month. Source: EIA-861M (statewide average).
Regular gasoline regional figure: West Coast excl. California (PADD 5)
$4.77 per gallon, week of 2026-11-02
12-month change: +25.9% (from $3.79) · US $4.15
EIA weekly retail price survey; Oregon is covered by the West Coast excl. California (PADD 5) average.
Inflation in the West
Consumer prices in the West Census region rose +3.4% in the 12 months to September 2026 (US +3.7%). Nationally, food at home changed +1.8%, shelter +3.2% and energy +20.4%. Source: BLS CPI-U, not seasonally adjusted. CPI is published for regions and large metro areas, so the regional figure is shown.
Salary equivalent
Because prices in Corvallis are 4.4% above the US average, $60,000 here has the buying power of about $57,500 in an average-priced US area.
Formula: US-equivalent = salary × 100 ÷ 104.4. Based on the local cost index (CostLiving estimate from BEA RPP and Census rents); taxes not included.
Nearby cities
| City | Distance | Index | Budget (single) | Median rent |
|---|---|---|---|---|
| Albany, OR | 10 mi | 102.2 | $2,731 | $1,372 |
| Salem, OR | 27 mi | 103.8 | $2,693 | $1,400 |
| Eugene, OR | 36 mi | 102.1 | $2,745 | $1,402 |
| Springfield, OR | 39 mi | 100.2 | $2,533 | $1,258 |
| McMinnville, OR | 44 mi | 101.7 | $2,717 | $1,380 |
| Florence, OR | 57 mi | 100.2 | $2,513 | $1,259 |
Cities with a similar cost of living
| City | Index | Budget (single) | Median rent |
|---|---|---|---|
| Cape Coral, FL | 104.5 | $3,111 | $1,858 |
| Jurupa Valley, CA | 104.6 | $3,028 | $1,741 |
| Sandy, UT | 104.3 | $3,040 | $1,777 |
| Bremerton, WA | 104.3 | $2,949 | $1,641 |
| North Richland Hills, TX | 104.3 | $2,873 | $1,704 |
| Poinciana, FL | 104.6 | $3,128 | $1,965 |
Compare Corvallis with another city
Frequently asked questions
Is Corvallis, OR an expensive place to live?
Corvallis has a local cost of living index of 104.4, which is 4.4% above the US average. This CostLiving estimate starts from the BEA Regional Price Parities 2024 for the Corvallis, OR metro area (104.0) and adjusts housing to Corvallis's own rents. It is 1.1 points above the Oregon average. It is the 7th most expensive of the 16 Oregon cities in our data. More expensive than 59% of the cities we cover.
How much money do you need to live in Corvallis?
Our modelled estimate of basic monthly costs is $2,786 for a single adult, $4,629 for a couple and $5,936 for a family of four, before taxes, child care and savings. A $60,000 salary in an average-priced US area buys about the same as $62,700 in Corvallis.
What is the average rent in Corvallis?
The median gross rent (rent plus tenant-paid utilities) is $1,391 a month (Census ACS 2020-2024). By size: 1 bedroom $1,121, 2 bedrooms $1,457, 3 bedrooms $1,986. The typical renter spends 40.2% of household income on rent (very expensive).
How much does a house cost in Corvallis?
The median owner-estimated home value is $502,900, 7.7 times the median household income of $65,012 (very expensive). Owners with a mortgage pay a median $2,168 a month in housing costs.
How much is electricity and gas in Corvallis?
Oregon residential electricity averaged 15.92¢ per kWh in August 2026 (US 18.16¢). Regular gasoline was $4.77 a gallon (West Coast excl. California (PADD 5) average, week of 2026-11-02).
Sources and notes
- Local cost index: CostLiving estimate from BEA Regional Price Parities 2024 for the Corvallis, OR metropolitan statistical area (BEA index 104.0) with housing from Census ACS median rent (city figure); see the methodology.
- Rents, home values, income, population: U.S. Census Bureau ACS 5-year 2020-2024, Census place 4115800 (Corvallis city).
- Electricity: EIA-861M, Oregon residential average, August 2026.
- Gasoline: EIA weekly retail regular gasoline, West Coast excl. California (PADD 5), week of 2026-11-02.
- Inflation: BLS CPI-U West region, September 2026.
- Budget baselines: BLS Consumer Expenditure Survey 2025; electricity use by household size: EIA RECS 2020.
- Gasoline price: regional figure (EIA publishes weekly prices for only 9 states).
Labels such as “county figure” or “state nonmetro figure” mark values that come from a larger area because the city-level figure is unavailable or unreliable. The monthly budget is a modelled estimate, not observed spending, and excludes taxes. This page is for general information and is not financial advice. Methodology · All sources