Executive Financial Report: Odessa (79761)
Evaluating relocation options in Ector? The financial benchmark for residing in Odessa, TX (79761) indicates that a single worker needs roughly $3,108 monthly ($37,300.664 annually) to maintain an adequate standard of living.
Shelter expenses in Odessa occupy a healthy and balanced 27% share of monthly expenditures, averaging $836 per month for rent and utility baselines. This moderate allocation provides residents with sufficient budget elasticity to cover transportation, healthcare, and personal savings goals.
Local earnings in Odessa (79761) demonstrate strong purchasing power. The area median family income of $75,432 significantly exceeds the annual baseline living threshold ($37,300.664) by a ratio of 2.02x. This economic buffer allows local households to comfortably absorb inflationary spikes and build long-term wealth.
Tax obligations represent roughly 13% ($410/month) of baseline monthly spending in zip code 79761. TX residents benefit from zero state personal income tax, helping offset federal tax obligations. Meanwhile, essential groceries average $243 monthly for single adults.
In summary, living in Odessa, TX requires balancing local real estate conditions with prevailing regional wage structures. Use the interactive calculator below to adjust these benchmarks for multi-person family households or compare 79761 against other US destinations.