Ector County · Texas · South · 115k residents
Odessa, TX: economy, jobs & business costs
The site-selection read on Odessa: labor costs, talent, corporate tax, energy, and business activity, with the Texas median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,455/wk. Texas's corporate income tax rate is 0%. Commercial electricity averages 8.6¢/kWh.
Compare Odessa side by side
Avg. weekly wage
$1,455/wk
Corporate income tax
0%
Bachelor's degree or higher
19%
Commercial electricity
8.6¢/kWh
Economic momentum
How fast Odessa's economy is moving, ranked against the US cities we track.
57/100
Steady
Ranks Odessa's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $223,100 |
| Price per sq. ft. | $170 |
| Property tax rate | 1.68% |
| 1-bedroom rent | $1,124/mo |
| 2-bedroom rent | $1,299/mo |
| State & local income tax | 0% |
| Sales tax | 8.2% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,455/wk |
| Bachelor's degree or higher | 19% |
| Commercial electricity | 8.6¢/kWh |
| Businesses per 1k residents | 25.3/1k |
| Wage: Software developer | $127,080 |
| Wage: Registered nurse | $81,370 |
| Wage: General manager | $104,100 |
| Wage: Customer service | $39,270 |
| Wage: Warehouse worker | $39,810 |
| Wage: Heavy truck driver | $58,370 |
| Wage: Electrician | $57,110 |
| Wage: Retail salesperson | $30,320 |
| Cost of living index | 88 |
| Groceries index | 96 |
| Utilities | $185/mo |
| Transit pass | $96/mo |
| Gas price | $2.90/gal |
| Healthcare index | 96 |
| Childcare (per child) | $1,000/mo |
| Median household income | $73,472 |
| Unemployment rate | 4% |
| Population | 115k |
| Crime index | 50/100 |
| School rating | 5.5/10 |
| Walkability | 38/100 |
| Disaster risk | 83/100 |
| Avg. commute | 27 min |
| Sunny days / year | 230 days |
| July high | 94°F |
| January low | 32°F |
| Annual snowfall | 1 in |
| Home price YoY | +5.8% |
| Home price MoM | -0.1% |
| Rent YoY | -1.9% |
| Rent MoM | -0.5% |
| Employment (jobs) YoY | +0.8% |
| Building permits YoY | -8.3% |
| Ocean coast | 411 mi |
| Big lake | 237 mi |
| Mountains | 136 mi |
| Major airport | 129 mi |
| Ski resort | 227 mi |
Popular comparisons
Nearby
- West Odessa, TX · 33k
- Midland, TX · 137k
- Big Spring, TX · 24k
- San Angelo, TX · 100k
- Lubbock, TX · 265k
Similar size
- League City, TX · 116k
- Beaumont, TX · 113k
- Richardson, TX · 119k
- Allen, TX · 110k
- Sugar Land, TX · 110k
Real listings in Odessa
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Odessa a good place to run a business?
- Texas's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,455/wk; commercial electricity averages 8.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Odessa, TX?
- Odessa indexes at 88 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,299/mo and a acs median home value of $223,100.
- How much does a house cost in Odessa?
- The acs median home value in Odessa is $223,100 (Census ACS estimate; individual listings vary).
- How much is rent in Odessa?
- A two-bedroom in Odessa rents for about $1,299/mo.