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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Lubbock is a financial step down — higher costs without proportional income gain.
Lubbock has a cost index of 92 vs 97 for Odessa. Lubbock is 5 points cheaper overall. Monthly rent goes from $1,612 to $1,388 (-14%).
If you earn the Odessa median of $73,030, you would need approximately $69,266/year in Lubbock to maintain equivalent purchasing power, based on the cost index difference of 5 points (5%).
Median rent in Odessa is $1,612/month. In Lubbock it is $1,388/month — a difference of $224 per month, or $2,688 per year.
Moving to Lubbock is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $69,266/year in Lubbock. The median income there is $60,487.
Estimated monthly essentials total $3,463 in Odessa vs $3,145 in Lubbock — a difference of $318/month ($3,816/year).
The median home price in Lubbock is $207,080 vs $248,410 in Odessa. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,047 in Lubbock vs $1,256 in Odessa.