Odessa, MN is a small town in Minnesota with a population of just under 200 people. It is located about an hour away from Minneapolis-Saint Paul, and is a great place for those looking to live in a more rural area. The two bedroom rent in Odessa is $840, which is significantly lower than the US average of $1,430. The grocery cost index in Odessa is also much lower than the national average at 95 compared to 100. For those looking to save money while living outside of the city, Odessa may be the perfect place.
The town's economy relies largely on local businesses such as Fox Farm Market, Old West Auto and Truck Repair, Castle Rock Bar & Grill and Lakes Country Floral & Gifts LLC. People who love nature and outdoor activities will appreciate the nearby Sibley State Park where there are plenty of trails for hiking and biking.
Odessa has an unemployment rate of 5.9%. The US average is 6.0%.
Odessa has seen the job market increase by 4.2% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Odessa
- The Sales Tax Rate for Odessa is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Odessa is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Odessa
- The average income of a Odessa resident is $22,094 a year. The US average is $28,555 a year.
- The Median household income of a Odessa resident is $43,250 a year. The US average is $69,021 a year.