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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 115 for Sparks. Odessa is 18 points cheaper overall. Monthly rent goes from $1,967 to $1,612 (-18%).
If you earn the Sparks median of $86,979, you would need approximately $73,365/year in Odessa to maintain equivalent purchasing power, based on the cost index difference of 18 points (16%).
Median rent in Sparks is $1,967/month. In Odessa it is $1,612/month — a difference of $355 per month, or $4,260 per year.
Moving to Odessa is roughly financially neutral — costs and incomes shift together. The salary equivalent to maintain your current lifestyle is $73,365/year in Odessa. The median income there is $73,030.
Estimated monthly essentials total $4,147 in Sparks vs $3,463 in Odessa — a difference of $684/month ($8,208/year).
The median home price in Odessa is $248,410 vs $523,431 in Sparks. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,256 in Odessa vs $2,647 in Sparks.