Cost of Living: Indianapolis, IN vs Odessa, TX (2026)

Indianapolis

Indiana
74
VS

Odessa

Texas
83

Indianapolis is 11% cheaper than Odessa.

$1,112/mo ↓ 16%
Median Rent
$1,322/mo ↑ 19%
$62,995/yr ↓ 14%
Median Income
$73,030/yr ↑ 16%
$207,000 ≈ Same
Home Value
$208,000 ≈ Same
$1,124/mo ↓ 10%
Owner Costs
$1,251/mo ↑ 11%
882,043
Population
114,080

Tax Comparison

3.05%
Income Tax
0%
7.0%
State Sales Tax
6.25%
0.83%
Property Tax
1.6%

Affordability

21.2%
rent-to-income
Affordability
21.7%
rent-to-income

Detailed Comparison

When comparing Indianapolis, IN and Odessa, TX, the overall cost of living indices are 74 and 83 respectively (national median = 100). Rent is $210/month cheaper in Indianapolis, saving renters about $2,520/year.

Median household income is $10,035/year higher in Odessa. Home values also differ significantly — the median in Indianapolis is $207,000 compared to $208,000 in Odessa.

Texas has no state income tax, giving Odessa residents a significant tax advantage over Indiana's 3.05% rate.

Frequently Asked Questions

Indianapolis vs Odessa — common questions

Is Indianapolis or Odessa cheaper to live in?
Based on our cost index, Indianapolis is cheaper to live in with an index of 74 compared to 83 (US average = 100).
What is the rent difference between Indianapolis and Odessa?
Median rent in Indianapolis is $1,112/month and in Odessa it's $1,322/month — a difference of $210/month.
Which city has higher income, Indianapolis or Odessa?
Median household income is $62,995 in Indianapolis and $73,030 in Odessa. Median household income is $10,035/year higher in Odessa.
How do taxes compare between Indiana and Texas?
Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Indianapolis or Odessa?
It depends on your priorities. Indianapolis has a cost index of 74 with median rent of $1,112/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 Indianapolis details → View Odessa details →

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