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Crunching costs, sorting signals, rendering insights.
Moving to Odessa is roughly financially neutral — costs and incomes shift together.
Odessa has a cost index of 97 vs 101 for Irving. Odessa is 4 points cheaper overall. Monthly rent goes from $1,587 to $1,612 (+2%).
If you earn the Irving median of $79,641, you would need approximately $76,487/year in Odessa to maintain equivalent purchasing power, based on the cost index difference of 4 points (4%).
Median rent in Irving is $1,587/month. In Odessa it is $1,612/month — a difference of +$25 per month, or $300 per year.
Moving to Odessa is roughly financially neutral — costs and incomes shift together. The salary equivalent to maintain your current lifestyle is $76,487/year in Odessa. The median income there is $73,030.
Estimated monthly essentials total $3,511 in Irving vs $3,463 in Odessa — a difference of $48/month ($576/year).
The median home price in Odessa is $248,410 vs $337,859 in Irving. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,256 in Odessa vs $1,708 in Irving.