Corvallis, Oregon Income Statistics
Corvallis Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Corvallis Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Corvallis | Oregon Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,353 | $83,617 | $80,455 |
| Median Personal Income | $56,129 | $63,212 | $60,758 |
| Average Yearly Income Growth | 5.7% | 5.7% | 4.8% |
| Six-Figure Earners | 10.3% | 14.2% | 13.9% |
| $200k+ Households | 8.7% | 12.7% | 13.2% |
The median household income in Corvallis is about 29% lower than in Oregon. Income has been growing slower in Corvallis (5.7%/yr) than in Oregon (5.7%/yr).
About 10% of adults in Corvallis earn six figures ($100,000 or more) a year, lower than the Oregon average of 14%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Corvallis, Oregon grew by 95.5% from 2009 to 2024, reaching $59,353 in 2024. That's an average of about 5.7% per year.
Income Inequality and the Gender Pay Gap in Corvallis
| Metric | Corvallis | Oregon Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.625 | 0.538 | 0.552 |
| Male Median Income | $64,168 | $71,900 | $69,667 |
| Female Median Income | $54,958 | $60,417 | $56,850 |
| Gender Pay Gap | 14.4% | 16.0% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Corvallis, it is 0.625, higher than Oregon's 0.538, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 17% more than women's income in Corvallis, Oregon. Over a 35-year career, a 17% wage gap accumulates to roughly $322,350 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Corvallis, Oregon has narrowed from about 25% to 14% in 2024. Over that period the gap was narrowest at 12% in 2016. In dollar terms, the gap has narrowed by $1,700 since 2009.
Employment
| Metric | Corvallis | Oregon Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.8% | 5.3% | 5.2% |
| Working from Home | 18.6% | 19.0% | 15.0% |
| Commute time (minutes) | 13 | 20 | 22 |
Approximately 2,174 people are unemployed in Corvallis, Oregon.
The average commute time in Corvallis is 13 minutes, shorter than the 20 minutes in Oregon.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Corvallis, Oregon has risen from 6.8% to 9.8% in 2024.
Corvallis, OR Wealth Compared With Nearby Cities
How Corvallis, OR compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Corvallis, OR | 41,028 | $59,353 #2/2 | 5.7%/yr #2/2 | 9.8% #2/2 | 0.625 #2/2 |
| Albany, OR | 43,997 | $73,186 | 6.3%/yr | 6.7% | 0.536 |
Conclusion
Considering all these factors, Corvallis, Oregon has an overall wealth index grade of D, making it somewhat worse than Oregon, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Corvallis, Oregon.
How Rich Is Corvallis, Oregon?
Corvallis has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $59,353, about 29% lower than the Oregon average of $83,617.
How has median household income changed in Corvallis, Oregon?
Between 2009 and 2024, the median household income in Corvallis, Oregon rose 96%, from $30,352 to $59,353. Over the same years, income here outpaced Oregon as a whole: +96% against +71%.
What was the median household income in Corvallis in 2023?
In 2023, the median household income in Corvallis, Oregon was $58,927, up 4% from $56,785 in 2022. The Oregon median that year was $80,917.
What was the median household income in Corvallis in 2020?
In 2020, the median household income in Corvallis, Oregon was $52,141. By 2024 it had risen 14% to $59,353.
How strong is the job market in Corvallis, Oregon?
Unemployment in Corvallis, Oregon is 9.8%, well above the Oregon rate of 5.3%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Corvallis, Oregon?
The Gini coefficient in Corvallis is 0.625. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Corvallis, Oregon?
Since 2009, the income gap between men and women in Corvallis, Oregon has narrowed from about 25% to 14% in 2024. Over that period the gap was narrowest at 12% in 2016. In dollar terms, the gap has narrowed by $1,700 since 2009.
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