Odessa, TX Cost Of Living
Cost Of Living In Odessa, TX Summary
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 Texas, 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 95, with 100 being the average.
The cost of living index in Odessa is 0.9x lower than the national average.
Odessa ranks as the #190 cheapest in Texas out of 414.
Odessa ranks as the #1,954 cheapest out of 6,489 in the US.
The median home value in Odessa is $246,337.
The median income in Odessa is $73,030.
Table Of Contents
Odessa's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Odessa, TX?
According to the most recent data on the cost of living, Odessa has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Texas, Odessa has a cost of living index that's 1.0x higher than Texas's index of 92.
The standard of living in Odessa ranks as #190 most affordable out of the 414 places we measured in Texas. By definition, that implies Odessa ranks as the #224 most expensive place in the Lone Star State.
For more reading on life in Odessa, check out:
In Texas
In America
Odessa Cost Of Living Vs. Texas
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 95.
The Groceries index in Odessa is 98.
The Health index in Odessa is 95.
The Housing index in Odessa is 95.
The Transportation index in Odessa is 96.
The Utilities index in Odessa is 100.
| Living Expense | Odessa | Texas | National Average | |
|---|---|---|---|---|
| Overall | 95 | 92 | 100 | |
| Services | 95 | 97 | 100 | |
| Groceries | 98 | 97 | 100 | |
| Health | 95 | 93 | 100 | |
| Housing | 95 | 82 | 100 | |
| Transportation | 96 | 94 | 100 | |
| Utilities | 100 | 104 | 100 | |
Odessa, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, 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 $246,337.
The Median Rent in Odessa is $1,322.
The Median Income in Odessa is $73,030.
The Home Value To Income in Odessa is 3.4x.
The Rent To Monthly Income in Odessa is 0.22x.
Median Home Value
Median Rent
Median Income
Odessa, TX Costs By Category
Detailed Odessa Services Costs Vs. Texas
Detailed Odessa Groceries Costs Vs. Texas
Detailed Odessa Health Costs Vs. Texas
Detailed Odessa Transportation Costs Vs. Texas
Detailed Odessa Utilities Costs Vs. Texas
Odessa SnackAbility
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Cost Of Living In Cities Around Odessa
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:
Midland, TX has a cost of living index of 112, 1.2x Odessa.
West Odessa, TX has a cost of living index of 90, 0.9x Odessa.
Andrews, TX has a cost of living index of 97, 1.0x Odessa.
| City | Population | Cost Of Living | Vs. Odessa |
|---|---|---|---|
| Midland, TX | 133,998 | 112 | 1.2x |
| West Odessa, TX | 31,985 | 90 | 0.9x |
| Andrews, TX | 13,416 | 97 | 1.0x |
| Kermit, TX | 5,681 | 85 | 0.9x |
