Cost of living in Corvallis research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Corvallis is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Oregon, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Corvallis is 123, with 100 being the average.
The cost of living index in Corvallis is 1.2x higher than the national average.
Corvallis ranks as the #74 cheapest in Oregon out of 98.
Corvallis ranks as the #4,954 cheapest out of 6,412 in the US.
The median home value in Corvallis is $387,200.
The median income in Corvallis is $58,315.
According to the most recent data on the cost of living, Corvallis has an overall cost of living index of 123, which is 1.2x higher than the national index of 100.
Compared to Oregon, Corvallis has a cost of living index that's 1.1x higher than Oregon's index of 116.
The standard of living in Corvallis ranks as #74 most affordable out of the 98 places we measured in Oregon. By definition, that implies Corvallis ranks as the #24 most expensive place in the Beaver State.
For more reading on life in Corvallis, check out:
Six factors go into calculating the cost of living index in Corvallis. Here is how it fairs on each of the criteria:
The Services index in Corvallis is 119.
The Groceries index in Corvallis is 114.
The Health index in Corvallis is 115.
The Housing index in Corvallis is 133.
The Transportation index in Corvallis is 127.
The Utilities index in Corvallis is 89.
|Living Expense||Corvallis||Oregon||National Average|
Housing swings affordability the most between places in Oregon, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Corvallis is $387,200.
The Median Rent in Corvallis is $1,205.
The Median Income in Corvallis is $58,315.
The Home Value To Income in Corvallis is 6.6x.
The Rent To Monthly Income in Corvallis is 0.25x.
|Median Home Value||$387,200||$362,200||$244,900|
|Home Value To Income||6.6x||5.2x||3.5x|
|Rent To Monthly Income||0.25x||0.21x||0.2x|
The cost of living varies in the cities and towns around Corvallis. Here's a quick look at the cost of living in the most populous nearby places:
Salem, OR has a cost of living index of 112, 0.9x Corvallis.
Eugene, OR has a cost of living index of 118, 1.0x Corvallis.
Springfield, OR has a cost of living index of 106, 0.9x Corvallis.
|City||Population||Cost Of Living||Vs. Corvallis|
|Four Corners, OR||16,608||107||0.9x|