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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Pasadena is a financial step down — higher costs without proportional income gain.
Pasadena has a cost index of 91 vs 97 for Odessa. Pasadena is 6 points cheaper overall. Monthly rent goes from $1,612 to $1,318 (-18%).
If you earn the Odessa median of $73,030, you would need approximately $68,513/year in Pasadena to maintain equivalent purchasing power, based on the cost index difference of 6 points (6%).
Median rent in Odessa is $1,612/month. In Pasadena it is $1,318/month — a difference of $294 per month, or $3,528 per year.
Moving to Pasadena is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $68,513/year in Pasadena. The median income there is $64,270.
Estimated monthly essentials total $3,463 in Odessa vs $3,065 in Pasadena — a difference of $398/month ($4,776/year).
The median home price in Pasadena is $214,432 vs $248,410 in Odessa. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,084 in Pasadena vs $1,256 in Odessa.