Coral Terrace, FL vs Odessa, FL

Coral Terrace, FL and Odessa, FL have a very similar cost of living, with only a 4.3% difference in their overall index. Coral Terrace scores 132 while Odessa scores 126 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Coral Terrace is $1,707/month compared to $1,620/month in Odessa — a 5% difference. Interestingly, home values tell a different story: while Odessa has cheaper rent, Coral Terrace actually has lower median home values ($496,500 vs $503,400).

Median household income in Coral Terrace is $77,396 compared to $116,870 in Odessa (-33.8%). Odessa offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Coral Terrace spend roughly 26.5% of their income on rent, more than the 16.6% in Odessa.