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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Irving looks like a financial upgrade — better income-to-cost ratio.
Irving has a cost index of 101 vs 97 for Odessa. Irving is 4 points more expensive overall. Monthly rent goes from $1,612 to $1,587 (-2%).
If you earn the Odessa median of $73,030, you would need approximately $76,042/year in Irving to maintain equivalent purchasing power, based on the cost index difference of 4 points (4%).
Median rent in Odessa is $1,612/month. In Irving it is $1,587/month — a difference of $25 per month, or $300 per year.
Moving to Irving looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $76,042/year in Irving. The median income there is $79,641.
Estimated monthly essentials total $3,463 in Odessa vs $3,511 in Irving — a difference of +$48/month (+$576/year).
The median home price in Irving is $337,859 vs $248,410 in Odessa. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,708 in Irving vs $1,256 in Odessa.