Corvallis cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexCorvallisOregonNational
Cost of living index120117100
IndexCorvallisOregonNational
Goods & Services index122122100
Groceries index116116100
Health care index114114100
Housing index133122100
Transportation index111111100
Utilities index8989100
The above illustration supplies generalized information for the Corvallis, OR cost of living index. Compared to other cities in Oregon and cities across the country, the cost of living index in Corvallis, OR is 120, which is 3% higher than the Oregon average and 20% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Corvallis, OR are equal to the average for Oregon and 22% higher than the rest of the country.

Did you know?

  • The cost of living in Corvallis is 3% higher than the Oregon average.
  • The cost of living in Corvallis is 20% higher than the national average.
  • The cost of housing in Corvallis is 33% higher than the national average.
  • Oregon general sales tax is 100% lower than the national average.
  • Oregon state income tax is 125% higher than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Corvallis, OR to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Corvallis, OR, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Corvallis, OR salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$81,063$6,755$1,891$2,432
Renters$21,467$1,789$501$644
The affordability of the housing market in Corvallis, OR as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Corvallis, OR homeowners, the median income is $81,063. This indicates that a monthly maximum of $1,891 should be spent by homeowners on all housing related costs. Renters have a median income of $21,467. This indicates that renters should have a maximum of $501 used for their rent related monthly costs.

Oregon Sales Tax

StateGeneral Sales TaxWith Max Surtax
Oregon0%0%

Oregon Income Tax

StateIncome Tax (Low)Income Tax (High)
Oregon5%9.9%
When considering the overall cost of living expenses in Corvallis, OR, it's important to take into account the sales tax for Oregon, as well as the rate for income tax in Oregon. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Oregon is 0%, and the sales tax in the state of Oregon is 0%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Oregon starts from 5% and goes up to 9.9%.

Goods & Services

ItemCorvallisNational avg.Difference
Haircut $25.20$14.5972.7%
Beauty Salon $46.60$34.6834.4%
Toothpaste $3.42$2.4738.3%
Shampoo $1.72$1.0268.3%
Movie $10.15$9.872.9%
Bowling $3.45$4.3921.4%

Groceries

ItemCorvallisNational avg.Difference
Ground Beef $4.65$4.483.9%
Fried Chicken $2.69$1.4683.7%
Milk $1.97$2.3616.4%
Potatoes $2.73$3.0610.8%
Pizza $11.00$9.2419.0%
Beer $8.85$8.632.5%

Health Care

ItemCorvallisNational avg.Difference
Optometrist $124.50$99.7824.8%
Doctor $131.85$105.0325.5%
Dentist $101.00$88.7013.9%
Ibuprofen $14.45$9.4153.5%
Lipitor $251.31$298.5015.8%

Housing

ItemCorvallisNational avg.Difference
Home Price $265,400.00$175,700.0051.1%
Avg. Mortgage Payment $1,517.59$1,081.0340.4%
Apartment Rent $850.00$920.007.6%

Transportation

ItemCorvallisNational avg.Difference
Gasoline $2.30$2.099.9%
Tire Balancing $52.33$45.2915.6%

Utilities

ItemCorvallisNational avg.Difference
All Electricity$151.02$170.8011.6%
Phone $25.01$28.2611.5%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Summit, OR9011414%
Peoria, OR8411414%
Bellfountain, OR9511414%
Blodgett, OR3611414%
Kings Valley, OR5711414%
Corvallis, OR54,73512020%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Port Arthur, TX54,68580-20%
Hempstead, NY54,80114848%
Paramount, CA54,81311818%
Weymouth Town, MA54,81513737%
The Hammocks, FL54,83311313%
Corvallis, OR54,73512020%
Source: The Corvallis, OR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.