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Crunching costs, sorting signals, rendering insights.
Moving to Garland is roughly financially neutral — costs and incomes shift together.
Garland has a cost index of 98 vs 97 for Odessa. Garland is 1 points more expensive overall. Monthly rent goes from $1,612 to $1,563 (-3%).
If you earn the Odessa median of $73,030, you would need approximately $73,783/year in Garland to maintain equivalent purchasing power, based on the cost index difference of 1 points (1%).
Median rent in Odessa is $1,612/month. In Garland it is $1,563/month — a difference of $49 per month, or $588 per year.
Moving to Garland is roughly financially neutral — costs and incomes shift together. The salary equivalent to maintain your current lifestyle is $73,783/year in Garland. The median income there is $74,717.
Estimated monthly essentials total $3,463 in Odessa vs $3,433 in Garland — a difference of $30/month ($360/year).
The median home price in Garland is $283,929 vs $248,410 in Odessa. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,436 in Garland vs $1,256 in Odessa.