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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Odessa looks like a financial upgrade — better income-to-cost ratio.
Odessa has a cost index of 97 vs 108 for Tampa. Odessa is 11 points cheaper overall. Monthly rent goes from $1,968 to $1,612 (-18%).
If you earn the Tampa median of $71,302, you would need approximately $64,040/year in Odessa to maintain equivalent purchasing power, based on the cost index difference of 11 points (10%).
Median rent in Tampa is $1,968/month. In Odessa it is $1,612/month — a difference of $356 per month, or $4,272 per year.
Moving to Odessa looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $64,040/year in Odessa. The median income there is $73,030.
Estimated monthly essentials total $4,026 in Tampa vs $3,463 in Odessa — a difference of $563/month ($6,756/year).
The median home price in Odessa is $248,410 vs $369,079 in Tampa. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,256 in Odessa vs $1,866 in Tampa.