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Moving to Odessa looks like a financial upgrade — better income-to-cost ratio.
Odessa has a cost index of 97 vs 120 for Everett. Odessa is 23 points cheaper overall. Monthly rent goes from $1,918 to $1,612 (-16%).
If you earn the Everett median of $81,502, you would need approximately $65,881/year in Odessa to maintain equivalent purchasing power, based on the cost index difference of 23 points (19%).
Median rent in Everett is $1,918/month. In Odessa it is $1,612/month — a difference of $306 per month, or $3,672 per year.
Moving to Odessa looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $65,881/year in Odessa. The median income there is $73,030.
Estimated monthly essentials total $4,184 in Everett vs $3,463 in Odessa — a difference of $721/month ($8,652/year).
The median home price in Odessa is $248,410 vs $652,113 in Everett. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,256 in Odessa vs $3,297 in Everett.