CostIndexUSA

Akron, OH vs Odessa, TX Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

≈ Equal CostOH
Akron
93.4
overall index
$1,225/mo rent
TX
Odessa
93.9
overall index
$1,550/mo rent

Akron and Odessa have nearly identical costs of living.

Category Breakdown

Index values: 100 = U.S. national average. Higher = more expensive.

🏠 Housing+16.8%
Akron
76.8
Odessa
89.7
🛒 Groceries≈ Equal
Akron
93.6
Odessa
93.8
🚗 Transportation2.7%
Akron
103.9
Odessa
101.1
🏥 Healthcare2.8%
Akron
94
Odessa
91.4
Utilities14.0%
Akron
96.4
Odessa
82.9

Salary Equivalency Calculator

Enter your current salary in Akron to see what you'd need to earn in Odessa to maintain the same purchasing power.

$
Equivalent salary in Odessa, TX
$80,400
$400 more needed in Odessa

Formula: salary × (93.9 ÷ 93.4) = salary × 1.0054. Based on BEA Regional Price Parities.

Housing Market

Akron, OH

Median Home Price
$225,000
Median Monthly Rent
$1,225
Housing Index
76.8
Price-to-Rent Ratio
15.3×

Odessa, TX

Median Home Price
$246,000
Median Monthly Rent
$1,550
Housing Index
89.7
Price-to-Rent Ratio
13.2×

Odessa has 16.8% higher housing costs compared to Akron.

Income & Job Market

Akron, OH

Median Household Income
$70,100
Per Capita Income
$40,000
Unemployment Rate
4.2%
Population
190,469
Top Industries
ManufacturingHealthcareEducationTechnologyFinance

Odessa, TX

Median Household Income
$66,600
Per Capita Income
$38,000
Unemployment Rate
1.9%
Population
122,555
Top Industries
EnergyOil & GasHealthcareManufacturingRetail

Affordability at a Glance

Income-to-rent ratio: higher is better (more income relative to housing costs).

Akron, OH
4.8×income-to-rent ratio

79% of income left after rent (median)

Odessa, TX
3.6×income-to-rent ratio

72% of income left after rent (median)

Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.

Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.

This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.