Cost of Living

Odessa continues to maintain a lower than average cost of living when compared to other major U.S. cities. Fourth quarter 2006 figures indicated Odessa’s cost of living is 20.8 percent below the national average. Recent facts about taxes on an $80,000 homestead in Texas indicate Odessa is among the lowest of the top five cities of comparable size. The average home sales price also remains among the lowest of these same comparable Texas cities. There are no state taxesin Texas.