Odessa, TX is a bustling city located in the state of Texas with a population of 123,334. The city is known for its booming oil and gas industry, as well as its vibrant cultural attractions, outdoor recreation opportunities, and affordable cost of living. The 2 bedroom rent in Odessa is $1,340 per month which is much lower than the US average of $1430 per month. Additionally, the grocery cost index in Odessa is 96 versus 100 in the US.
Odessa has become increasingly popular due to its businesses such as United Supermarket, CVS Pharmacy, AT&T U-Verse stores and movie theaters such as Premiere Cinemas South Plains Mall 8. These local companies provide employment opportunities for the residents and make it convenient to shop or take part in entertainment activities. People are also drawn to Odessa because of its low cost of living compared to other nearby cities and states. Furthermore, families are attracted to the area for its school systems and recreational activities like Stonehenge golf course and Comanche Trails Golf Course & Club House.
Odessa (zip 79766) has an unemployment rate of 9.9%. The US average is 6.0%.
Odessa (zip 79766) 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 (zip 79766)
- The Sales Tax Rate for Odessa (zip 79766) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Odessa (zip 79766) 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 79766)
- The average income of a Odessa (zip 79766) resident is $22,694 a year. The US average is $28,555 a year.
- The Median household income of a Odessa (zip 79766) resident is $66,588 a year. The US average is $69,021 a year.