Cost of Living: Miami, FL vs Odessa, TX (2026)

Miami

Florida
129
VS

Odessa

Texas
83

Miami is 55% more expensive than Odessa.

$1,657/mo ↑ 25%
Median Rent
$1,322/mo ↓ 20%
$59,390/yr ↓ 19%
Median Income
$73,030/yr ↑ 23%
$475,200 ↑ 128%
Home Value
$208,000 ↓ 56%
$1,666/mo ↑ 33%
Owner Costs
$1,251/mo ↓ 25%
446,663
Population
114,080

Tax Comparison

0%
Income Tax
0%
6.0%
State Sales Tax
6.25%
0.86%
Property Tax
1.6%

Affordability

33.5%
rent-to-income
Affordability
21.7%
rent-to-income

Detailed Comparison

When comparing Miami, FL and Odessa, TX, the overall cost of living indices are 129 and 83 respectively (national median = 100). Rent is $335/month cheaper in Odessa, saving renters about $4,020/year.

Median household income is $13,640/year higher in Odessa. Home values also differ significantly — the median in Miami is $475,200 compared to $208,000 in Odessa.

Frequently Asked Questions

Miami vs Odessa — common questions

Is Miami or Odessa cheaper to live in?
Based on our cost index, Odessa is cheaper to live in with an index of 83 compared to 129 (US average = 100).
What is the rent difference between Miami and Odessa?
Median rent in Miami is $1,657/month and in Odessa it's $1,322/month — a difference of $335/month.
Which city has higher income, Miami or Odessa?
Median household income is $59,390 in Miami and $73,030 in Odessa. Median household income is $13,640/year higher in Odessa.
How do taxes compare between Florida and Texas?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Miami or Odessa?
It depends on your priorities. Miami has a cost index of 129 with median rent of $1,657/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 Miami details → View Odessa details →

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