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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Cost difference, salary adjustment needed, rent comparison, and financial impact of this move.
Moving to Odessa is a financial step down — higher costs without proportional income gain.
Odessa has a cost index of 94 vs 81 for Billings. Odessa is 13 points more expensive overall. Monthly rent goes from $1,383 to $1,612 (+17%).
If you earn the Billings median of $71,855, you would need approximately $83,387/year in Odessa to maintain equivalent purchasing power, based on the cost index difference of 13 points (16%).
Median rent in Billings is $1,383/month. In Odessa it is $1,612/month — a difference of +$229 per month, or $2,748 per year.
Moving to Odessa is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $83,387/year in Odessa. The median income there is $73,030.