Cost of Living: Plano, TX vs Odessa, TX (2026)

Plano

Texas
132
VS

Odessa

Texas
83

Plano is 59% more expensive than Odessa.

$1,792/mo ↑ 36%
Median Rent
$1,322/mo ↓ 26%
$108,649/yr ↑ 49%
Median Income
$73,030/yr ↓ 33%
$440,600 ↑ 112%
Home Value
$208,000 ↓ 53%
$1,829/mo ↑ 46%
Owner Costs
$1,251/mo ↓ 32%
287,339
Population
114,080

Tax Comparison

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

Affordability

19.8%
rent-to-income
Affordability
21.7%
rent-to-income

Detailed Comparison

When comparing Plano, TX and Odessa, TX, the overall cost of living indices are 132 and 83 respectively (national median = 100). Rent is $470/month cheaper in Odessa, saving renters about $5,640/year.

Median household income is $35,619/year higher in Plano. Home values also differ significantly — the median in Plano is $440,600 compared to $208,000 in Odessa.

Both cities share the same state tax structure since they are in Texas.

Frequently Asked Questions

Plano vs Odessa — common questions

Is Plano or Odessa cheaper to live in?
Based on our cost index, Odessa is cheaper to live in with an index of 83 compared to 132 (US average = 100).
What is the rent difference between Plano and Odessa?
Median rent in Plano is $1,792/month and in Odessa it's $1,322/month — a difference of $470/month.
Which city has higher income, Plano or Odessa?
Median household income is $108,649 in Plano and $73,030 in Odessa. Median household income is $35,619/year higher in Plano.
How do taxes compare between Texas and Texas?
Both cities are in Texas and share the same state tax rates: 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Plano or Odessa?
It depends on your priorities. Plano has a cost index of 132 with median rent of $1,792/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 Plano details → View Odessa details →

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