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Crunching costs, sorting signals, rendering insights.
Moving to Odessa is roughly financially neutral — costs and incomes shift together.
Odessa has a cost index of 97 vs 105 for Raleigh. Odessa is 8 points cheaper overall. Monthly rent goes from $1,567 to $1,612 (+3%).
If you earn the Raleigh median of $82,424, you would need approximately $76,144/year in Odessa to maintain equivalent purchasing power, based on the cost index difference of 8 points (8%).
Median rent in Raleigh is $1,567/month. In Odessa it is $1,612/month — a difference of +$45 per month, or $540 per year.
Moving to Odessa is roughly financially neutral — costs and incomes shift together. The salary equivalent to maintain your current lifestyle is $76,144/year in Odessa. The median income there is $73,030.
Estimated monthly essentials total $3,561 in Raleigh vs $3,463 in Odessa — a difference of $98/month ($1,176/year).
The median home price in Odessa is $248,410 vs $428,831 in Raleigh. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,256 in Odessa vs $2,168 in Raleigh.