Odessa, TX is a medium-sized city located in West Texas. It is home to many large companies such as Halliburton, Schlumberger Technology Corporation and Suddenlink Communications. The population of the city is estimated to be around 115,000 people, making it an ideal location for those looking for an affordable home in a safe community. Additionally, Odessa has much lower rental costs than the national average; a two bedroom apartment costs $1,280 compared to the national average of $1,430. The cost of living in Odessa is also lower than the national average; with an index score of 94 compared to 100 nationally. With its great job market and low cost of living, Odessa is a great place to call home.
Odessa has an unemployment rate of 9.9%. The US average is 6.0%.
Odessa has seen the job market increase by 4.5% over the last year. Future job growth over the next ten years is predicted to be 32.6%, which is lower than the US average of 33.5%.
Tax Rates for Odessa
- The Sales Tax Rate for Odessa is 8.2%. 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 $26,794 a year. The US average is $28,555 a year.
- The Median household income of a Odessa resident is $66,769 a year. The US average is $69,021 a year.