Odessa cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index9091100
Goods & Services index9593100
Groceries index9191100
Health care index10496100
Housing index7883100
Transportation index9894100
Utilities index94100100
An overview of the general cost of living index for Odessa, TX is displayed above for your reference. Residents in Odessa, TX enjoy a cost of living index of 90. This index is 1% lower than the Texas average, and 10% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Odessa, TX, the average cost of goods and services is 2% higher than it is in Texas, and it is 5% lower than the national average.

Did you know?

  • The cost of living in Odessa is 1% lower than the Texas average.
  • The cost of living in Odessa is 10% lower than the national average.
  • The cost of housing in Odessa is 22% lower than the national average.
  • Texas general sales tax is 23% higher than the national average.
  • Texas state income tax is 100% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Odessa, TX to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Odessa, TX, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Odessa, TX salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Odessa, TX by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Odessa, TX have a median income of $75,572. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,763 per month to avoid calamity and poverty. The renters in the city have an income of about $43,747, which would make their monthly maximum allowable rental costs $1,021.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
The Texas sales tax and Texas income tax rates should definitely be considered when determining the overall cost of living in Odessa, TX. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Texas sales tax is 6.25% and the maximum surtax is 8.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Texas income tax rates range from 0% to 0%.

Goods & Services

ItemOdessaNational avg.Difference
Haircut $14.50$16.099.9%
Beauty Salon $33.75$37.339.6%
Toothpaste $2.18$2.4510.8%
Shampoo $0.88$1.0012.0%
Movie $10.62$10.283.3%
Bowling $4.75$4.933.7%


ItemOdessaNational avg.Difference
Ground Beef $3.54$3.807.0%
Fried Chicken $1.25$1.4010.5%
Milk $2.03$2.010.9%
Potatoes $1.96$3.0134.8%
Pizza $10.09$9.892.1%
Beer $9.04$8.901.6%

Health Care

ItemOdessaNational avg.Difference
Optometrist $113.25$102.1610.9%
Doctor $133.67$108.3623.4%
Dentist $84.00$92.539.2%
Ibuprofen $8.53$9.288.1%
Lipitor $431.92$425.821.4%


ItemOdessaNational avg.Difference
Home Price $124,600.00$184,700.0032.5%
Avg. Mortgage Payment $1,149.80$1,202.444.4%
Apartment Rent $974.00$949.002.6%


ItemOdessaNational avg.Difference
Gasoline $2.12$2.245.4%
Tire Balancing $48.25$46.294.2%


ItemOdessaNational avg.Difference
All Electricity$160.57$165.963.2%
Phone $26.01$28.689.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Goldsmith, TX24077-23%
Gardendale, TX1,74481-19%
West Odessa, TX24,82184-16%
Odessa, TX114,25890-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lansing, MI114,77384-16%
Wilmington, NC113,7241055%
Arvada, CO113,5321099%
Downey, CA113,22314141%
El Monte, CA115,66513131%
Odessa, TX114,25890-10%
Source: The Odessa, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.