Cost of Living in Odessa, DE

With a cost of living index of 106, Odessa, DE is somewhat more expensive than average. Living here is 6% more expensive than the national average and in line with the Delaware state average. Odessa is a small community of 392 residents.

Housing costs are the biggest factor in Odessa's cost of living. The median monthly rent is $1,344 (2% above the US median of $1,319), and the median home value sits at $355,000 (16% above the national median of $304,900). At current prices, the median home costs roughly 4.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Odessa is $86,875, which is 16% higher than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.