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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 91 for Mcallen. Odessa is 6 points more expensive overall. Monthly rent goes from $1,272 to $1,612 (+27%).
If you earn the Mcallen median of $60,165, you would need approximately $64,132/year in Odessa to maintain equivalent purchasing power, based on the cost index difference of 6 points (7%).
Median rent in Mcallen is $1,272/month. In Odessa it is $1,612/month — a difference of +$340 per month, or $4,080 per year.
Moving to Odessa looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $64,132/year in Odessa. The median income there is $73,030.
Estimated monthly essentials total $3,011 in Mcallen vs $3,463 in Odessa — a difference of +$452/month (+$5,424/year).
The median home price in Odessa is $248,410 vs $225,568 in Mcallen. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,256 in Odessa vs $1,141 in Mcallen.