Cost of Living in Corvallis, MT

With a cost of living index of 91, Corvallis, MT is slightly more affordable than average. Living here is 9% cheaper than the national average and in line with the Montana state average. Corvallis is a small community of 1,356 residents.

Housing costs are the biggest factor in Corvallis's cost of living. The median monthly rent is $1,275 (3% below the US median of $1,319), and the median home value sits at $237,900 (22% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Corvallis is $83,011, which is 10% higher than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.