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

Richardson

Texas
128
VS

Odessa

Texas
83

Richardson is 54% more expensive than Odessa.

$1,825/mo ↑ 38%
Median Rent
$1,322/mo ↓ 28%
$96,257/yr ↑ 32%
Median Income
$73,030/yr ↓ 24%
$405,600 ↑ 95%
Home Value
$208,000 ↓ 49%
$1,796/mo ↑ 44%
Owner Costs
$1,251/mo ↓ 30%
118,269
Population
114,080

Tax Comparison

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

Affordability

22.8%
rent-to-income
Affordability
21.7%
rent-to-income

Detailed Comparison

When comparing Richardson, TX and Odessa, TX, the overall cost of living indices are 128 and 83 respectively (national median = 100). Rent is $503/month cheaper in Odessa, saving renters about $6,036/year.

Median household income is $23,227/year higher in Richardson. Home values also differ significantly — the median in Richardson is $405,600 compared to $208,000 in Odessa.

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

Frequently Asked Questions

Richardson vs Odessa — common questions

Is Richardson or Odessa cheaper to live in?
Based on our cost index, Odessa is cheaper to live in with an index of 83 compared to 128 (US average = 100).
What is the rent difference between Richardson and Odessa?
Median rent in Richardson is $1,825/month and in Odessa it's $1,322/month — a difference of $503/month.
Which city has higher income, Richardson or Odessa?
Median household income is $96,257 in Richardson and $73,030 in Odessa. Median household income is $23,227/year higher in Richardson.
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 Richardson or Odessa?
It depends on your priorities. Richardson has a cost index of 128 with median rent of $1,825/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 Richardson details → View Odessa details →

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