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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Complete relocation analysis: cost difference, salary adjustment, monthly expenses, taxes, home prices, and job market comparison.
Moving to Odessa looks like a financial upgrade — better income-to-cost ratio.
Odessa has a cost index of 97 vs 105 for Wilmington. Odessa is 8 points cheaper overall. Monthly rent goes from $1,670 to $1,612 (-3%).
If you earn the Wilmington median of $63,900, you would need approximately $59,031/year in Odessa to maintain equivalent purchasing power, based on the cost index difference of 8 points (8%).
Median rent in Wilmington is $1,670/month. In Odessa it is $1,612/month — a difference of $58 per month, or $696 per year.
Moving to Odessa looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $59,031/year in Odessa. The median income there is $73,030.
Estimated monthly essentials total $3,673 in Wilmington vs $3,463 in Odessa — a difference of $210/month ($2,520/year).
The median home price in Odessa is $248,410 vs $408,845 in Wilmington. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,256 in Odessa vs $2,067 in Wilmington.