Cost of Living: Colorado Springs, CO vs Odessa, TX (2026)

Colorado Springs

Colorado
119
VS

Odessa

Texas
83

Colorado Springs is 43% more expensive than Odessa.

$1,562/mo ↑ 18%
Median Rent
$1,322/mo ↓ 15%
$83,198/yr ↑ 14%
Median Income
$73,030/yr ↓ 12%
$420,700 ↑ 102%
Home Value
$208,000 ↓ 51%
$1,592/mo ↑ 27%
Owner Costs
$1,251/mo ↓ 21%
483,099
Population
114,080

Tax Comparison

4.4%
Income Tax
0%
2.9%
State Sales Tax
6.25%
0.51%
Property Tax
1.6%

Affordability

22.5%
rent-to-income
Affordability
21.7%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Odessa, TX, the overall cost of living indices are 119 and 83 respectively (national median = 100). Rent is $240/month cheaper in Odessa, saving renters about $2,880/year.

Median household income is $10,168/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $208,000 in Odessa.

Texas has no state income tax, giving Odessa residents a significant tax advantage over Colorado's 4.4% rate.

Frequently Asked Questions

Colorado Springs vs Odessa — common questions

Is Colorado Springs or Odessa cheaper to live in?
Based on our cost index, Odessa is cheaper to live in with an index of 83 compared to 119 (US average = 100).
What is the rent difference between Colorado Springs and Odessa?
Median rent in Colorado Springs is $1,562/month and in Odessa it's $1,322/month — a difference of $240/month.
Which city has higher income, Colorado Springs or Odessa?
Median household income is $83,198 in Colorado Springs and $73,030 in Odessa. Median household income is $10,168/year higher in Colorado Springs.
How do taxes compare between Colorado and Texas?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Colorado Springs or Odessa?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Odessa has a cost index of 83 with rent of $1,322/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Odessa details →

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