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Odessa, Texas 7 Reviews | Leave a Comment



Pros

-Stable economy
-Cost of Living
-Education Resources

Cons

-Hot, dry summers
-Flat terrain
-Dusty and Blowing Wind


What Bert Has To Say About Odessa Metro Area


Odessa received its name from homesick Russian railroad laborers in the 1880s, and until recently was combined with Midland to form one metropolitan area. Like Midland, the economic base is concentrated mainly in the oil and gas industry and employment prospects are mainly dependent on that industry. Recently though, the high cost of oil is spurring new exploration and development so the local economy is very vibrant.


Highlights



Quick Facts About Odessa


    ECONOMY
    The unemployment rate in Odessa is 2.80 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Odessa jobs have Increased by 3.09 percent.
    COST OF LIVING
    Compared to the rest of the country, Odessa's cost of living is 6.00% Lower than the U.S. average.
    POPULATION
    As of 2014, Odessa's population is 101,545 people. Since 2000, it has had a population growth of 10.23 percent.
    TRANSPORTATION
    Average Commute time is 18 minutes. The National Average is 25 minutes.
    REAL ESTATE
    The median home cost in Odessa is $171,300. Home appreciation the last year has been 10.00 percent.
    SCHOOLS
    Odessa public schools spend $8,346 per student. The average school expenditure in the U.S. is $12,435. There are about 16.3 students per teacher in Odessa.

Best Places to Live in Odessa, Texas



Odessa Housing Market


It's a good time to buy in Odessa. Home Appreciataion is up 10.0% in the last 12 months. Browse Odessa Real Estate.
The median home price in Odessa is $171,300. Browse Homes in this Range.
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Comments


re: This is the strangest place in the world - 1/6
Agreeed!... (read more)
This is the strangest place in the world
I got caught in Odessa five years ago. I am hoping to relocate shortly. Over half of Odessa is a slum, garbage and litter seems to grow out of the ground. This is the... (read more)
Born/Raised/Can't wait to leave
I have moved away several times, but moved back when I had kids, so the grandparents could enjoy the children. Now I am completing college, and I am leaving as soon as I... (read more)
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