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: Data is updating
- Median Home Price is: $227,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
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.): Data is updating
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 data unavailable 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 Odessa is a financially viable option for your relocation.