Salary & Cost of Living in Corvallis, OR
Corvallis, OR: $40,886 median salary, cost of living index 108.5, $14.70/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$40,886
$20/hr
Cost of Living
108.5
US avg = 100
Minimum Wage
$14.70
per hour
Unemployment
4.3%
rate
Corvallis, OR Overview
Population
59,922
Median Salary
$40,886
Average Salary
$45,792
Avg Commute
19 min
Median Home Price
$395,000
Median Rent
$1,610/mo
Job Growth
+1.5%
Sales Tax
0%
Corvallis is located in Oregon with a population of 59,922. The median household salary is $40,886 per year ($20/hour), which is $18,498 below the national median of $59,384. The average commute time is 19 minutes, and the city has a job growth rate of +1.5%.
Corvallis Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Corvallis, OR, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$30,630
$2,552.51/month · $1,178.08/biweekly · Effective Rate: 25.1%
Gross Pay
$40,886
Federal Tax
-$2,868
State Tax
-$4,048
Local Tax
-$213
FICA
-$3,128
Net Pay
$30,630
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,407.17 | $40,886.00 |
| Federal Income Tax | -$238.98 | -$2,867.82 |
| Oregon State Tax (9.9%) | -$337.31 | -$4,047.71 |
| Local Tax (0.52%) | -$17.72 | -$212.61 |
| Social Security (6.2%) | -$211.24 | -$2,534.93 |
| Medicare (1.45%) | -$49.40 | -$592.85 |
| Net Take-Home Pay | $2,552.51 | $30,630.08 |
Salary Comparison: Corvallis vs Other Cities
See how Corvallis's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Corvallis, OR | $40,886 | 108.5 | $37,683 |
| National Average | $59,384 | 100 | $59,384 |
| Dubuque, IA | $40,886 | 85.5 | $47,820 |
| Council Bluffs, IA | $40,890 | 85.2 | $47,993 |
| Coeur d'Alene, ID | $40,879 | 105.2 | $38,858 |
| Twin Falls, ID | $40,875 | 90.8 | $45,017 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Corvallis
Corvallis's cost of living index is 108.5 (national average = 100). Living in Corvallis is 8.5% more expensive than the national average.
Median Home Price
$395,000
Median Monthly Rent
$1,610
Annual Rent Cost
$19,320
Your Salary's Purchasing Power
Your $30,630 annual take-home pay in Corvallis has the purchasing power of approximately $28,230 in an average-cost US area. You would need to earn $44,361 in Corvallis to match a $40,886 salary in an average-cost city.
Top Industries in Corvallis
Corvallis's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $40,886.
Salary Tips for Corvallis Workers
- Maximize pre-tax deductions. With a 9.9% state income tax rate, maximizing 401(k) contributions (up to $23,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Corvallis's top industries include Technology, Forestry, Agriculture. Targeting roles in these sectors can help you earn above the $40,886 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Corvallis, OR?
The median salary in Corvallis, OR is $40,886 per year, or $20 per hour. The average salary is $45,792. This is $18,498 below the national median of $59,384.
What is the cost of living in Corvallis, OR?
Corvallis's cost of living index is 108.5 (national average = 100), meaning it is 8.5% more expensive compared to the national average. The median home price is $395,000 and the median monthly rent is $1,610.
What are the best industries in Corvallis?
The top industries in Corvallis, OR include Technology, Forestry, Agriculture. The city has a job growth rate of 1.5% and an unemployment rate of 4.3%. Workers in these industries often earn above the city's median salary of $40,886.
How does Corvallis's salary compare to other cities?
Corvallis's median salary of $40,886 is 31.1% below the national median of $59,384. However, when adjusted for cost of living (index: 108.5), the real purchasing power is approximately $37,683.
What is the minimum wage in Corvallis, OR?
The minimum wage in Corvallis, OR is $14.70 per hour. This equals approximately $30,576 per year for a full-time worker (40 hours/week). This is $7.45 above the federal minimum wage of $7.25/hour.