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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Tyler is a financial step down — higher costs without proportional income gain.
Tyler has a cost index of 92 vs 97 for Odessa. Tyler is 5 points cheaper overall. Monthly rent goes from $1,612 to $1,290 (-20%).
If you earn the Odessa median of $73,030, you would need approximately $69,266/year in Tyler to maintain equivalent purchasing power, based on the cost index difference of 5 points (5%).
Median rent in Odessa is $1,612/month. In Tyler it is $1,290/month — a difference of $322 per month, or $3,864 per year.
Moving to Tyler is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $69,266/year in Tyler. The median income there is $65,527.
Estimated monthly essentials total $3,463 in Odessa vs $3,055 in Tyler — a difference of $408/month ($4,896/year).
The median home price in Tyler is $248,536 vs $248,410 in Odessa. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,257 in Tyler vs $1,256 in Odessa.