Cost of Living: Independence, MO vs Odessa, TX (2026)

Independence

Missouri
67
VS

Odessa

Texas
83

Independence is 19% cheaper than Odessa.

$1,061/mo ↓ 20%
Median Rent
$1,322/mo ↑ 25%
$59,480/yr ↓ 19%
Median Income
$73,030/yr ↑ 23%
$166,400 ↓ 20%
Home Value
$208,000 ↑ 25%
$1,046/mo ↓ 16%
Owner Costs
$1,251/mo ↑ 20%
121,944
Population
114,080

Tax Comparison

4.95%
Income Tax
0%
4.225%
State Sales Tax
6.25%
0.93%
Property Tax
1.6%

Affordability

21.4%
rent-to-income
Affordability
21.7%
rent-to-income

Detailed Comparison

When comparing Independence, MO and Odessa, TX, the overall cost of living indices are 67 and 83 respectively (national median = 100). Rent is $261/month cheaper in Independence, saving renters about $3,132/year.

Median household income is $13,550/year higher in Odessa. Home values also differ significantly — the median in Independence is $166,400 compared to $208,000 in Odessa.

Texas has no state income tax, giving Odessa residents a significant tax advantage over Missouri's 4.95% rate.

Frequently Asked Questions

Independence vs Odessa — common questions

Is Independence or Odessa cheaper to live in?
Based on our cost index, Independence is cheaper to live in with an index of 67 compared to 83 (US average = 100).
What is the rent difference between Independence and Odessa?
Median rent in Independence is $1,061/month and in Odessa it's $1,322/month — a difference of $261/month.
Which city has higher income, Independence or Odessa?
Median household income is $59,480 in Independence and $73,030 in Odessa. Median household income is $13,550/year higher in Odessa.
How do taxes compare between Missouri and Texas?
Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Independence or Odessa?
It depends on your priorities. Independence has a cost index of 67 with median rent of $1,061/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.
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More Comparisons

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