Corvallis, OR
Population 60,424 · Oregon
About Corvallis, OR
Corvallis is a mid-sized city located in Oregon with a population of 60,424 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,807 per year, which is 15% below the national median of $75,149. The median age of 27.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Corvallis features a median home value of $480,600, which is 96% above the national median of $244,900. This places Corvallis in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,342, 15% above the national average of $1,163/month. Of the 25,784 total housing units, 41% are owner-occupied (10,009 units) and 59% are renter-occupied (14,196 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Corvallis shows an unemployment rate of 7.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 25.9%, above the national average of 12.4%. Workers in Corvallis have an average one-way commute time of 16.7 minutes, one of the shorter commutes in the region.
Education & Demographics
60.9% of Corvallis residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 6.6% White, 2.0% Hispanic or Latino, 0.5% Black or African American, and 2.5% Asian residents, with 12.9% of the population being foreign-born.
How Corvallis Ranks in Oregon
Cost of Living in Corvallis, OR
Compared to national averages, Corvallis has a median household income of $63,807 (15% below the national median of $75,149). Home values average $480,600, which is 96% above the national median. Monthly rent at $1,342 is 15% above the US average of $1,163. Within Oregon, Corvallis's income is 16% below the state average of $76,196, and home values are 26% above the state median of $382,095.
Why Live in Corvallis, OR?
Corvallis offers a well-educated community where 60.9% of residents hold a bachelor’s degree or higher, and short commute times averaging just 16.7 minutes.
Potential considerations include median household income ($63,807) that falls below the national average, and a competitive housing market where the typical home costs $480,600. However, as a mid-sized city, Corvallis provides access to a wide range of amenities and services.
Corvallis has a population of 60,424 with a median age of 27.6 years. Compare Corvallis with other cities to see how it stacks up, or explore all cities in Oregon.
Similar Cities Near Corvallis
Cities in Oregon with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Springfield | 61,642 | $67,211 | $323,800 | Compare |
| Albany | 56,773 | $73,809 | $352,900 | Compare |
| Tigard | 55,395 | $105,008 | $585,700 | Compare |
| Aloha | 53,362 | $96,754 | $465,500 | Compare |
| Lake Oswego | 40,367 | $140,441 | $894,000 | Compare |
| Grants Pass | 39,183 | $56,877 | $364,200 | Compare |
| Keizer | 39,013 | $81,217 | $396,700 | Compare |
| Oregon City | 37,482 | $94,648 | $531,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oregon
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Corvallis With Other Cities
Frequently Asked Questions about Corvallis
What is the population of Corvallis, OR?
The population of Corvallis, OR is 60,424 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Oregon.
What is the median household income in Corvallis?
The median household income in Corvallis, OR is $63,807 per year, which is 15% below the national median of $75,149.
What is the median home value in Corvallis?
The median home value in Corvallis, OR is $480,600, which is 96% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Corvallis?
The median monthly rent in Corvallis, OR is $1,342, which is 15% above the national average of $1,163/month.
What is the unemployment rate in Corvallis?
The unemployment rate in Corvallis, OR is 7.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Corvallis, OR a good place to live?
Corvallis offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 60,424 and a median age of 27.6, the city appeals to young professionals and families.
How educated is Corvallis, OR?
60.9% of residents in Corvallis aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Corvallis?
Key cost-of-living indicators for Corvallis, OR: median home value is $480,600 (96% above national), median rent is $1,342/month, and median household income is $63,807. The home-value-to-income ratio is 7.5x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Corvallis?
The poverty rate in Corvallis, OR is 25.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Corvallis, OR?
Corvallis's population is 6.6% White, 2.0% Hispanic or Latino, 0.5% Black or African American, 2.5% Asian, and 1.8% two or more races. 12.9% of residents are foreign-born.