Cost of Living in Odessa, TX

Housing

The housing market plays a significant role in determining the cost of living in Odessa, TX.

• Housing Index: 0.0 / 100
• Median Home Price is: $227000
• Average Rent (2 BR Apartment): $0.0 per month
• Average Rent (2 BR House): $0.0 per month

In analyzing the real estate market in Odessa, TX, the data indicates that the housing index stands at 0.0. With a median home price of 227000, the potential for home ownership may appear attainable. However, a lack of information on average rent for both 2-bedroom apartments and houses suggests an uncertain rental market. It's essential to factor in additional variables such as local job opportunities, quality of schools, and community amenities as you consider relocating to ensure a balanced decision aligned with your lifestyle and financial plan.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Odessa, TX.

• Electricity Price: 14.47 USD (median by state)
• Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $0.0 per month

Living in Odessa, TX could entail higher utility costs. Electricity costs sit at 14.47, while natural gas is priced at 26.29 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 0.0 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 0.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $71293

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Odessa, TX, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.