West Odessa, TX

Very Low · 56

Texas · Population 31,985 · Updated March 2026

$974
Median Rent / Month
$65,782
Median Income
$134,100
Median Home Value
$791
Owner Costs / Month

Affordability

How far your income goes in West Odessa

17.8%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Texas

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.25%
Sales Tax
1.6%
Property Tax Rate

Estimated Annual Costs

$11,688
Annual Rent
$0
State Income Tax
$2,146
Property Tax (est.)

Cost of Living Overview

West Odessa is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 56 (where 100 equals the national median), West Odessa residents can expect to pay median rent of $974/month while earning a median household income of $65,782/year.

The median home value in West Odessa, TX is $134,100, with typical monthly owner costs around $791 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Texas has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.25% sales tax rate and 1.6% effective property tax rate, the overall tax environment helps keep costs manageable in West Odessa.

Frequently Asked Questions

Common questions about living costs in West Odessa

What is the cost of living in West Odessa, TX?
The cost of living index in West Odessa, TX is 56 (US average = 100). Median monthly rent is $974, median household income is $65,782/year, and the median home value is $134,100.
Is West Odessa, TX affordable?
Yes, West Odessa is more affordable than the national average with a cost index of 56. The rent-to-income ratio is 17.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in West Odessa, TX?
The median gross rent in West Odessa, TX is $974 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,688.
What is the median household income in West Odessa?
The median household income in West Odessa, TX is $65,782 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Texas?
Texas has a top income tax rate of 0%, a sales tax of 6.25%, and an effective property tax rate of 1.6%. Notably, there is no state income tax.