Odessa, TX is a city in Ector County, Texas with a population of just under 120,000 people. The two bedroom rent in Odessa is $1,310, which is much lower than the US average of $1,430. Similarly, the Grocery Cost Index in Odessa is 95 compared to the US average of 100. This makes Odessa an affordable place to live for its residents.
Businesses within this area include Chasco Constructors Inc., College Park Hospital and Rehabilitation Center, and Acme Brick Company. Additionally, local well-known restaurants such as Armando's Mexican Restaurant and Bar-B-Q Barn attract visitors from near and far. Overall, Odessa provides its residents with an affordable cost of living along with many job opportunities throughout the city.
Odessa (zip 79762) has an unemployment rate of 9.9%. The US average is 6.0%.
Odessa (zip 79762) has seen the job market decrease by -14.2% 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 (zip 79762)
- The Sales Tax Rate for Odessa (zip 79762) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Odessa (zip 79762) 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 (zip 79762)
- The average income of a Odessa (zip 79762) resident is $33,044 a year. The US average is $37,638 a year.
- The Median household income of a Odessa (zip 79762) resident is $68,281 a year. The US average is $69,021 a year.