Cost of Living: New York, NY vs Odessa, TX (2026)

New York

New York
166
VS

Odessa

Texas
83

New York is 100% more expensive than Odessa.

$1,779/mo ↑ 35%
Median Rent
$1,322/mo ↓ 26%
$79,713/yr ↑ 9%
Median Income
$73,030/yr ↓ 8%
$751,700 ↑ 261%
Home Value
$208,000 ↓ 72%
$1,837/mo ↑ 47%
Owner Costs
$1,251/mo ↓ 32%
8,516,202
Population
114,080

Tax Comparison

10.9%
Income Tax
0%
4.0%
State Sales Tax
6.25%
1.62%
Property Tax
1.6%

Affordability

26.8%
rent-to-income
Affordability
21.7%
rent-to-income

Detailed Comparison

When comparing New York, NY and Odessa, TX, the overall cost of living indices are 166 and 83 respectively (national median = 100). Rent is $457/month cheaper in Odessa, saving renters about $5,484/year.

Median household income is $6,683/year higher in New York. Home values also differ significantly — the median in New York is $751,700 compared to $208,000 in Odessa.

Texas has no state income tax, giving Odessa residents a significant tax advantage over New York's 10.9% rate.

Frequently Asked Questions

New York vs Odessa — common questions

Is New York or Odessa cheaper to live in?
Based on our cost index, Odessa is cheaper to live in with an index of 83 compared to 166 (US average = 100).
What is the rent difference between New York and Odessa?
Median rent in New York is $1,779/month and in Odessa it's $1,322/month — a difference of $457/month.
Which city has higher income, New York or Odessa?
Median household income is $79,713 in New York and $73,030 in Odessa. Median household income is $6,683/year higher in New York.
How do taxes compare between New York and Texas?
New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to New York or Odessa?
It depends on your priorities. New York has a cost index of 166 with median rent of $1,779/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 New York details → View Odessa details →

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