Odessa, TX Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 90, with 100 being the average.

  • The cost of living index in Odessa is 0.9x lower than the national average.

  • Odessa ranks as the #209 cheapest in Texas out of 405.

  • Odessa ranks as the #1,633 cheapest out of 6,412 in the US.

  • The median home value in Odessa is $169,600.

  • The median income in Odessa is $66,769.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
90
Odessa's Overall Cost Of Living
0.9x
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 90, 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 lower than Texas's index of 92.

The standard of living in Odessa ranks as #209 most affordable out of the 405 places we measured in Texas. By definition, that implies Odessa ranks as the #196 most expensive place in the Lone Star State.

For more reading on life in Odessa, check out:

209 out of 405
In Texas
1,633 out of 6,412
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 94.

  • The Groceries index in Odessa is 93.

  • The Health index in Odessa is 103.

  • The Housing index in Odessa is 77.

  • The Transportation index in Odessa is 97.

  • The Utilities index in Odessa is 100.

Living Expense Odessa Texas National Average
Overall 90 92 100
Services 94 96 100
Groceries 93 93 100
Health 103 93 100
Housing 77 84 100
Transportation 97 92 100
Utilities 100 104 100
For more reading on cost of living around Texas, check out:
Odessa Cost of Living Vs. TX

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 2017-2021. The key points are:

  • The Median Home Value in Odessa is $169,600.

  • The Median Rent in Odessa is $1,182.

  • The Median Income in Odessa is $66,769.

  • The Home Value To Income in Odessa is 2.5x.

  • The Rent To Monthly Income in Odessa is 0.21x.

Statistic Odessa Texas United States
Median Home Value $169,600 $202,600 $244,900
Median Rent $1,182 $1,146 $1,163
Median Income $66,769 $67,321 $69,021
Home Value To Income 2.5x 3.0x 3.5x
Rent To Monthly Income 0.21x 0.2x 0.2x
Search Homes For Sale In Odessa, TX
$169,600
Median Home Value
$1,182
Median Rent
$66,769
Median Income

Odessa, TX Costs By Category

Detailed Odessa Services Costs Vs. Texas

Item Odessa Texas
Shampoo $1.03 $1.06
Movie $9.38 $10.68
Bowling $12.5 $14.67
Haircut $19.2 $18.62
Beauty Salon $35.0 $39.05

Detailed Odessa Groceries Costs Vs. Texas

Item Odessa Texas
Ground Beef $3.98 $4.22
Fried Chicken $1.15 $1.39
Milk $1.73 $2.05
Potatoes $1.97 $3.29
Pizza $12.33 $10.62
Beer $10.43 $9.38
Toothpaste $2.27 $2.34

Detailed Odessa Health Costs Vs. Texas

Item Odessa Texas
Optometrist $122.5 $108.57
Doctor $136.25 $116.17
Dentist $90.0 $99.13

Detailed Odessa Transportation Costs Vs. Texas

Item Odessa Texas
Gasoline $2.06 $2.22
Tire Balancing $49.53 $50.07

Detailed Odessa Utilities Costs Vs. Texas

Item Odessa Texas
All Electricity $164.79 $167.67
Phone $184.35 $175.64

Odessa SnackAbility

5
/10
Overall SnackAbility
Jobs
6/10
Housing
8
Affordability
8
Diversity
9
Safety
4
Amenities
9
Education
5
Commute
8

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 102, 1.1x Odessa.

  • West Odessa, TX has a cost of living index of 84, 0.9x Odessa.

  • Andrews, TX has a cost of living index of 90, 1.0x Odessa.

City Population Cost Of Living Vs. Odessa
Midland, TX 130,765 102 1.1x
West Odessa, TX 31,927 84 0.9x
Andrews, TX 13,234 90 1.0x
Kermit, TX 6,078 80 0.9x

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