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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Odessa looks like a financial upgrade — better income-to-cost ratio.
Odessa has a cost index of 97 vs 92 for Fargo. Odessa is 5 points more expensive overall. Monthly rent goes from $1,096 to $1,612 (+47%).
If you earn the Fargo median of $66,029, you would need approximately $69,618/year in Odessa to maintain equivalent purchasing power, based on the cost index difference of 5 points (5%).
Median rent in Fargo is $1,096/month. In Odessa it is $1,612/month — a difference of +$516 per month, or $6,192 per year.
Moving to Odessa looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $69,618/year in Odessa. The median income there is $73,030.
Estimated monthly essentials total $2,858 in Fargo vs $3,463 in Odessa — a difference of +$605/month (+$7,260/year).
The median home price in Odessa is $248,410 vs $312,872 in Fargo. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,256 in Odessa vs $1,582 in Fargo.