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

Palm Bay

Florida
91
VS

Odessa

Texas
83

Palm Bay is 10% more expensive than Odessa.

$1,487/mo ↑ 12%
Median Rent
$1,322/mo ↓ 11%
$67,521/yr ↓ 8%
Median Income
$73,030/yr ↑ 8%
$248,000 ↑ 19%
Home Value
$208,000 ↓ 16%
$1,203/mo ↓ 4%
Owner Costs
$1,251/mo ↑ 4%
125,273
Population
114,080

Tax Comparison

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

Affordability

26.4%
rent-to-income
Affordability
21.7%
rent-to-income

Detailed Comparison

When comparing Palm Bay, FL and Odessa, TX, the overall cost of living indices are 91 and 83 respectively (national median = 100). Rent is $165/month cheaper in Odessa, saving renters about $1,980/year.

Median household income is $5,509/year higher in Odessa. Home values also differ significantly — the median in Palm Bay is $248,000 compared to $208,000 in Odessa.

Frequently Asked Questions

Palm Bay vs Odessa — common questions

Is Palm Bay or Odessa cheaper to live in?
Based on our cost index, Odessa is cheaper to live in with an index of 83 compared to 91 (US average = 100).
What is the rent difference between Palm Bay and Odessa?
Median rent in Palm Bay is $1,487/month and in Odessa it's $1,322/month — a difference of $165/month.
Which city has higher income, Palm Bay or Odessa?
Median household income is $67,521 in Palm Bay and $73,030 in Odessa. Median household income is $5,509/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 Palm Bay or Odessa?
It depends on your priorities. Palm Bay has a cost index of 91 with median rent of $1,487/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 Palm Bay details → View Odessa details →

More Comparisons

Other cost of living comparisons for Palm Bay and Odessa

Palm Bay vs. Allentown Palm Bay vs. Meridian Palm Bay vs. Thousand Oaks Palm Bay vs. Vallejo Palm Bay vs. Simi Valley Palm Bay vs. Round Rock Odessa vs. Elgin Odessa vs. Springfield Odessa vs. Provo Odessa vs. Beaumont Odessa vs. Waterbury Odessa vs. Gresham