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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 106 for Las Vegas. Odessa is 9 points cheaper overall. Monthly rent goes from $1,695 to $1,612 (-5%).
If you earn the Las Vegas median of $70,723, you would need approximately $64,718/year in Odessa to maintain equivalent purchasing power, based on the cost index difference of 9 points (8%).
Median rent in Las Vegas is $1,695/month. In Odessa it is $1,612/month — a difference of $83 per month, or $996 per year.
Moving to Odessa looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $64,718/year in Odessa. The median income there is $73,030.
Estimated monthly essentials total $3,715 in Las Vegas vs $3,463 in Odessa — a difference of $252/month ($3,024/year).
The median home price in Odessa is $248,410 vs $422,842 in Las Vegas. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,256 in Odessa vs $2,138 in Las Vegas.