Cost of living in Odessa
Odessa, located in the heart of Texas, is known for its vibrant culture and economic opportunities. Understanding the cost of living in Odessa is crucial for both current residents and those considering a move to this dynamic city.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $40 on average, with a range between $35 and $45.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $75, with prices ranging from $70 to $80.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $11.95, with a range between $11.89 and $12.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $6.5, imported beer $5 to $6, cappuccino $4.4 to $6.5, and Coke/Pepsi $2.39 to $3.
Grocery Prices
- Milk - Milk is priced between $0.85 and $1.56 per liter, averaging $1.39.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.63 and $3.74, with an average price of $3.54.
- Eggs (Dozen) - A dozen eggs range from $2.49 to $4, averaging $3.25.
- Fruits (e.g., Apples, Oranges) - Apples cost $4.41 to $6.61 per kg, while oranges range from $3.81 to $8.82 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.1 and $6.61 per kg, and lettuce costs $2 to $3 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $4.
- Fuel (Gasoline) - Gasoline is priced between $0.71 and $1.05 per liter.
- Taxi Fares - Taxi fares average $3.11 per km.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1200 to $2056, averaging $1628.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent is consistently $1000.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $2240 to $2400, averaging $2320.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent is consistently $2000.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $1593 to $4305.56, averaging $2949.28.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $1593 to $3229.17, averaging $2152.76.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost $450.
- Internet - Internet services cost $100 on average.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
"Key Takeaways"
Odessa offers a relatively high cost of living compared to other cities in Texas, particularly in dining and housing.
While groceries and transportation costs are moderate, housing prices, especially in the city centre, can be significant.
Potential residents should budget carefully, considering the higher costs of utilities and internet services.
Conclusion
In conclusion, Odessa presents a mixed cost of living scenario with certain areas like dining and housing being on the higher side.
For those planning to move to Odessa, it is advisable to plan finances meticulously, especially if considering living in the city centre.
Overall, Odessa remains an attractive option for those seeking economic opportunities in Texas, provided they are prepared for the associated living costs.