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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Odessa is a financial step down — higher costs without proportional income gain.
Odessa has a cost index of 97 vs 115 for Cary. Odessa is 18 points cheaper overall. Monthly rent goes from $1,649 to $1,612 (-2%).
If you earn the Cary median of $129,399, you would need approximately $109,145/year in Odessa to maintain equivalent purchasing power, based on the cost index difference of 18 points (16%).
Median rent in Cary is $1,649/month. In Odessa it is $1,612/month — a difference of $37 per month, or $444 per year.
Moving to Odessa is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $109,145/year in Odessa. The median income there is $73,030.
Estimated monthly essentials total $3,815 in Cary vs $3,463 in Odessa — a difference of $352/month ($4,224/year).
The median home price in Odessa is $248,410 vs $620,401 in Cary. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,256 in Odessa vs $3,137 in Cary.