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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 98 for Hampton. Odessa is 1 points cheaper overall. Monthly rent goes from $1,587 to $1,612 (+2%).
If you earn the Hampton median of $67,758, you would need approximately $67,067/year in Odessa to maintain equivalent purchasing power, based on the cost index difference of 1 points (1%).
Median rent in Hampton is $1,587/month. In Odessa it is $1,612/month — a difference of +$25 per month, or $300 per year.
Moving to Odessa looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $67,067/year in Odessa. The median income there is $73,030.
Estimated monthly essentials total $3,457 in Hampton vs $3,463 in Odessa — a difference of +$6/month (+$72/year).
The median home price in Odessa is $248,410 vs $272,161 in Hampton. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,256 in Odessa vs $1,376 in Hampton.