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2024 BEA RPP All 4 categories Federal source

Corvallis, OR

Cost-of-living indicators for Corvallis, OR, compiled from Bureau of Economic Analysis Regional Price Parities (2024 data year). Categories include All Items, Goods, Services, and Rents.

CBSA: 18700 · Data year: 2024 · Rank: #36 of 387

Corvallis, OR has a cost of living index of 104.0, meaning it's 4.0% more expensive than the national average. Goods cost 5.3% more, services 8.6% more, and rents are 14.4% above average. A $100K national salary has the purchasing power of $96,138 here.

What the Numbers Mean for Corvallis

Corvallis ranks #36 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the top quartile for cost. With an overall Regional Price Parity of 104.0, Corvallis, OR is 4.0% more expensive than the national baseline of 100. The gap between Corvallis's most and least expensive categories — rents at 114.4 — is what drives the household budget experience on the ground, not the single headline number.

Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $96,138 inside Corvallis, while a household needs roughly $104,017 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 114.4 — 14.4% above the national average — so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.

Looking at the 2008-2024 trajectory, Corvallis's overall index has risen by 4.7 points, signaling tightening affordability. For the 2024 data year, goods are indexed at 105.3 and services at 108.6, meaning everyday spending in Corvallis is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.

Corvallis Cost Index at a Glance

Corvallis all-items cost index

Regional Price Parity vs national average (100)

50160Nat'l avg100104

Corvallis category breakdown

BEA RPP composition by goods, services, rents, overall

Rents114.437Services108.649Goods105.261Overall104.017

Price Index Summary

Overall

104.0

+4.0 above avg

Goods

105.3

+5.3 above avg

Services

108.6

+8.6 above avg

Rents

114.4

+14.4 above avg

Price Index vs National Average (100)

Overall
National avg

Index 104.0 (+4.0 vs national avg)

Goods
National avg

Index 105.3 (+5.3 vs national avg)

Services
National avg

Index 108.6 (+8.6 vs national avg)

Rents
National avg

Index 114.4 (+14.4 vs national avg)

Vertical line on each bar = national average (100)

Cost Breakdown Analysis

Above National Average

Rents +14.4% (114.4)
Services +8.6% (108.6)
Goods +5.3% (105.3)
Overall +4.0% (104.0)

Income Adequacy in Corvallis

Corvallis income adequacy score

$75,000 median income vs RPP 104.0

0/100100/10097/100

Salary Equivalent

A $100,000 salary at the national average cost of living equals:

$104,017

in Corvallis, OR purchasing power

$50,000 nationally
$52,009
$75,000 nationally
$78,013
$125,000 nationally
$130,021
$150,000 nationally
$156,026
$200,000 nationally
$208,034

Use the salary calculator for custom amounts.

RPP History (2008-2024)

The cost of living has been trending upward, increasing by 4.7 points over this period.

Year Overall
2008 99.3
2009 100.0
2010 97.0
2011 96.2
2012 96.6
2013 96.9
2014 98.8
2015 98.7
2016 98.9
2017 98.8
2018 103.2
2019 103.0
2020 102.7
2021 101.9
2022 106.1
2023 106.5
2024 104.0

Metros with Similar Cost of Living

These metros have an overall RPP closest to Corvallis, OR's index of 104.0.

Related Data for Corvallis

Frequently Asked Questions

What is the cost of living in Corvallis, OR?
Corvallis, OR has a Regional Price Parity (RPP) index of 104.0, meaning it is 4.0% more expensive than the national average. Goods are indexed at 105.3, services at 108.6, and rents at 114.4. It ranks #36 out of 387 U.S. metro areas by overall cost.
What salary do I need in Corvallis, OR to match $100K nationally?
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $104,017 in Corvallis, OR. Conversely, $100K earned in Corvallis, OR has the purchasing power of $96,138 at the national average.
How expensive is rent in Corvallis, OR?
Rents in Corvallis, OR are indexed at 114.4, which is 14.4% above the national average. This is significantly higher than typical U.S. rents.
Is Corvallis, OR getting more expensive?
From 2008 to 2024, Corvallis, OR's overall cost index changed by +4.7 points (from 99.3 to 104.0). The cost of living has been trending upward.
What metros have a similar cost of living to Corvallis, OR?
Metros with the most similar overall cost index include Modesto, Wenatchee-East Wenatchee, Yuba City. These areas have RPP values within a few points of Corvallis, OR's 104.0.

Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.

Related

Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.

All federal data sources used on this page