Loading
Assembling your view…
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 131 for Elk Grove. Odessa is 34 points cheaper overall. Monthly rent goes from $2,640 to $1,612 (-39%).
If you earn the Elk Grove median of $122,229, you would need approximately $90,505/year in Odessa to maintain equivalent purchasing power, based on the cost index difference of 34 points (26%).
Median rent in Elk Grove is $2,640/month. In Odessa it is $1,612/month — a difference of $1,028 per month, or $12,336 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 $90,505/year in Odessa. The median income there is $73,030.
Estimated monthly essentials total $5,094 in Elk Grove vs $3,463 in Odessa — a difference of $1,631/month ($19,572/year).
The median home price in Odessa is $248,410 vs $631,637 in Elk Grove. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,256 in Odessa vs $3,194 in Elk Grove.