Cost of Living in Odessa, TX
Population: 114,080 • 2026 Data
$73,030
Median Household Income
-6% vs national
$1,322
Median Monthly Rent
-2% vs national
$208,000
Median Home Value
-39% vs national
5.5%
Unemployment Rate
Housing in Odessa
The median home value in Odessa, TX is $208,000. Monthly rent for a typical unit averages $1,322, while total monthly housing costs (including utilities and insurance) average $1,251.
Rent-to-income ratio: 21.7%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Odessa, TX is $73,030. The unemployment rate stands at 5.5%, with a labor force of 58,381 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.