Cost of living in Odessa research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Odessa is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Missouri, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Odessa is 89, with 100 being the average.
The cost of living index in Odessa is 0.9x lower than the national average.
Odessa ranks as the #63 cheapest in Missouri out of 142.
Odessa ranks as the #1,060 cheapest out of 6,489 in the US.
The median home value in Odessa is $248,496.
The median income in Odessa is $85,592.
According to the most recent data on the cost of living, Odessa has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Missouri, Odessa has a cost of living index that's 1.0x higher than Missouri's index of 88.
The standard of living in Odessa ranks as #63 most affordable out of the 142 places we measured in Missouri. By definition, that implies Odessa ranks as the #79 most expensive place in the Show Me State.
For more reading on life in Odessa, check out:
Six factors go into calculating the cost of living index in Odessa. Here is how it fairs on each of the criteria:
The Services index in Odessa is 93.
The Groceries index in Odessa is 99.
The Health index in Odessa is 86.
The Housing index in Odessa is 82.
The Transportation index in Odessa is 88.
The Utilities index in Odessa is 107.
| Living Expense | Odessa | Missouri | National Average | |
|---|---|---|---|---|
| Overall | 89 | 88 | 100 | |
| Services | 93 | 93 | 100 | |
| Groceries | 99 | 96 | 100 | |
| Health | 86 | 91 | 100 | |
| Housing | 82 | 78 | 100 | |
| Transportation | 88 | 90 | 100 | |
| Utilities | 107 | 99 | 100 | |
Housing swings affordability the most between places in Missouri, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Odessa is $248,496.
The Median Rent in Odessa is $998.
The Median Income in Odessa is $85,592.
The Home Value To Income in Odessa is 2.9x.
The Rent To Monthly Income in Odessa is 0.14x.
The cost of living varies in the cities and towns around Odessa. Here's a quick look at the cost of living in the most populous nearby places:
Olathe, KS has a cost of living index of 106, 1.2x Odessa.
Lee's Summit, MO has a cost of living index of 103, 1.2x Odessa.
Leawood, KS has a cost of living index of 134, 1.5x Odessa.
| City | Population | Cost Of Living | Vs. Odessa |
|---|---|---|---|
| Olathe, KS | 143,720 | 106 | 1.2x |
| Lee's Summit, MO | 102,583 | 103 | 1.2x |
| Leawood, KS | 33,844 | 134 | 1.5x |
| Liberty, MO | 30,446 | 97 | 1.1x |
| Raymore, MO | 23,849 | 102 | 1.1x |
| Grain Valley, MO | 15,967 | 96 | 1.1x |
| Kearney, MO | 10,696 | 101 | 1.1x |
| Smithville, MO | 10,552 | 96 | 1.1x |
| Oak Grove, MO | 8,477 | 92 | 1.0x |
| Parkville, MO | 8,022 | 123 | 1.4x |