Cost of Living in Odessa, TX
Population 114,080 · Texas · Data vintage 2023
(100 = US avg)
Buyers in Odessa can reasonably expect a home to cost less than three years of household income — $208,000 against $73,030 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Odessa
The median home value in Odessa is $208,000 — 32% below the national median of $305,000. Median rent runs $1,322/month, 1% higher than the national median of $1,314/month. The median household income of $73,030/year is 2% lower than the US median of $74,580. The local unemployment rate is 5.5%, above the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 77.8°F and lows of 51.8°F. Overall, Odessa has a cost of living index of 81 versus the US average of 100, meaning it is 19% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 58 | 63 | 71 | 80 | 88 | 95 | 95 | 94 | 87 | 78 | 67 | 58 |
| Low °F | 32 | 35 | 43 | 51 | 61 | 69 | 72 | 71 | 63 | 53 | 40 | 32 |
| Precip" | 0.61 | 0.57 | 0.73 | 0.65 | 1.62 | 1.27 | 1.53 | 1.48 | 1.94 | 1.25 | 0.72 | 0.56 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Odessa, TX?
Odessa has a cost index of 81 (100 = national average). It is 19% below the national average.
What is average rent in Odessa, TX?
The median gross rent in Odessa is $1,322 per month based on 2023 Census data.
What is the average home price in Odessa?
The median home value in Odessa is $208,000 according to Zillow and Census data.
What is the median income in Odessa?
The median household income in Odessa is $73,030 per year (2023 ACS 5-year estimates).
What is the sales tax in Odessa, TX?
The combined state and local sales tax rate in Odessa is 8.2%. Texas has no state income tax.
Is Odessa, TX affordable?
Yes, Odessa is generally considered affordable, with a cost of living index of 81 — about 19% below the US national average of 100.
What is the weather like in Odessa?
Odessa has average high temperatures of 77.8°F and average lows of 51.8°F. Annual precipitation is 12.9". Data from NOAA 1991–2020 Climate Normals.
Odessa at a Glance
- Population
- 114,080
- Median Income
- $73,030
- Home Value
- $208,000
- Median Rent
- $1,322/mo
- Unemployment
- 5.5%
- Avg High Temp
- 77.8°F
- Sales Tax
- 8.2%
Explore county-level cost of living data
Texas Rankings
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