Cost of Living in Odessa, TX
| Cost of Living in Odessa, TX | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 3% lower | 19% lower |
| Utilities (Monthly) | 3% higher | 4% higher |
| Food | 1% lower | 4% lower |
| Healthcare | 2% lower | 3% lower |
| Transportation | 0% | 6% lower |
| Goods & Services | 3% lower | 2% lower |
The cost of living in Odessa, TX is 2% lower than the state average and 7% lower than the national average. Odessa, TX housing is 19% cheaper than the U.S average, while utilities are about 4% pricier. When it comes to basic necessities such as food and clothing, groceries are around 4% cheaper in Odessa, TX than in the rest of the country, while clothing costs around 2% less .
Healthcare services such as doctor check-ups and dentistry cost 3% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 2% cheaper in Odessa, TX.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Odessa is $1,320, while home prices circle around $422,833.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Odessa, energy bills cost around $213.41 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.58 in Odessa, a dozen eggs go for around $3.07 and a pound of potatoes circles around $4.50.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Odessa, an optometry check-up costs around $132.50, while a dentist appointment is priced $92.50 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.05 in Odessa, while getting your tires balanced will run you about $61.67.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $45.67 here. Meanwhile, a pair of women's slacks will set you back around $37.29.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Odessa, you should budget around $11.91 a month. When it comes to personal services, a haircut usually goes for $24.00, while dry cleaning costs about $16.25.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Odessa, the median household income is $73,030.