Odessa, TX vs Plano, TX
There is a significant gap in the cost of living between these two cities. Odessa is 29.1% cheaper than Plano. With a cost index of 90 vs 126, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Odessa to Plano should plan for substantially higher expenses across most categories.
On the housing front, median rent in Odessa is $1,322/month compared to $1,792/month in Plano — a 26% difference. Home values follow the same pattern: Odessa is more affordable at $208,000 median vs $440,600.
Median household income in Odessa is $73,030 compared to $108,649 in Plano (-32.8%). While Plano is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Odessa spend roughly 21.7% of their income on rent, more than the 19.8% in Plano.
Climate-wise, both cities share similar average temperatures (64.8°F vs 65°F). Plano receives more rainfall at 38.3" per year compared to 12.9" in Odessa.
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Climate
NOAA 30-year normals (1991-2020)