Odessa, FL Economy


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Odessa, FL is a city that provides its residents with a great quality of life. The cost of rent for a two bedroom apartment in Odessa is slightly higher than the national average at $1,870 compared to $1,430 nationally. Additionally, the grocery cost index in Odessa is 110 versus 100 in the US. This indicates that groceries are more expensive in Odessa than they are nationally. Odessa has many great local companies such as Morgan Stanley Wealth Management and Bay Area Orthopedics & Sports Medicine which provide employment opportunities for members of the city. Overall, Odessa is an excellent place to live with a strong job market and high quality of life.

Odessa has an unemployment rate of 5.0%. The US average is 6.0%.

Odessa has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 44.3%, which is higher than the US average of 33.5%.

Tax Rates for Odessa
- The Sales Tax Rate for Odessa is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Odessa is 0.0%. 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 $28,145 a year. The US average is $28,555 a year.
- The Median household income of a Odessa resident is $96,444 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOdessa, FloridaUnited States
  56
  -4.4%-6.2%
  44.3%33.5%
  7.0%6.2%
  0.0%4.6%
  $41,675$37,638
  $96,444$69,021
  $113,527$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  8.6%6.8%
  7.0%10.0%
  6.7%2.5%
  14.4%11.0%
  2.0%4.8%
  2.6%0.8%
  3.6%1.9%
  4.6%4.7%
  3.4%1.9%
  13.5%7.6%
  0.0%0.1%
  2.8%4.2%
  6.9%9.3%
  10.4%14.0%
  2.1%2.1%
  5.1%7.0%
  3.8%4.8%
  2.1%4.7%
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