Cost of Living: Minneapolis, MN vs Odessa, TX (2026)

Minneapolis

Minnesota
102
VS

Odessa

Texas
83

Minneapolis is 23% more expensive than Odessa.

$1,329/mo ≈ Same
Median Rent
$1,322/mo ≈ Same
$80,269/yr ↑ 10%
Median Income
$73,030/yr ↓ 9%
$345,600 ↑ 66%
Home Value
$208,000 ↓ 40%
$1,513/mo ↑ 21%
Owner Costs
$1,251/mo ↓ 17%
426,845
Population
114,080

Tax Comparison

9.85%
Income Tax
0%
6.875%
State Sales Tax
6.25%
1.11%
Property Tax
1.6%

Affordability

19.9%
rent-to-income
Affordability
21.7%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Odessa, TX, the overall cost of living indices are 102 and 83 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $7,239/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $208,000 in Odessa.

Texas has no state income tax, giving Odessa residents a significant tax advantage over Minnesota's 9.85% rate.

Frequently Asked Questions

Minneapolis vs Odessa — common questions

Is Minneapolis or Odessa cheaper to live in?
Based on our cost index, Odessa is cheaper to live in with an index of 83 compared to 102 (US average = 100).
What is the rent difference between Minneapolis and Odessa?
Median rent in Minneapolis is $1,329/month and in Odessa it's $1,322/month — a difference of $7/month.
Which city has higher income, Minneapolis or Odessa?
Median household income is $80,269 in Minneapolis and $73,030 in Odessa. Median household income is $7,239/year higher in Minneapolis.
How do taxes compare between Minnesota and Texas?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Minneapolis or Odessa?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/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 Minneapolis details → View Odessa details →

More Comparisons

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