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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Durham is roughly financially neutral — costs and incomes shift together.
Durham has a cost index of 104 vs 97 for Odessa. Durham is 7 points more expensive overall. Monthly rent goes from $1,612 to $1,651 (+2%).
If you earn the Odessa median of $73,030, you would need approximately $78,300/year in Durham to maintain equivalent purchasing power, based on the cost index difference of 7 points (7%).
Median rent in Odessa is $1,612/month. In Durham it is $1,651/month — a difference of +$39 per month, or $468 per year.
Moving to Durham is roughly financially neutral — costs and incomes shift together. The salary equivalent to maintain your current lifestyle is $78,300/year in Durham. The median income there is $79,234.
Estimated monthly essentials total $3,463 in Odessa vs $3,634 in Durham — a difference of +$171/month (+$2,052/year).
The median home price in Durham is $393,151 vs $248,410 in Odessa. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,988 in Durham vs $1,256 in Odessa.