Albany vs Odessa
Cost of Living Comparison · 2026
Albany
Odessa
The Verdict
Odessa is 16.5% less expensive than Albany overall. A household earning $75,000 in Albany would need approximately $64,394 in Odessa to maintain the same standard of living.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Albany has the same purchasing power as $64,394 in Odessa.
Conversely, $75,000 in Odessa equals $87,353 in Albany.
Living in Albany vs Odessa
Housing Costs
Albany's housing index of 93 is higher Odessa's 72, translating to median home prices of $220,000 vs $223,000. The $3,000 difference in home prices means roughly $192 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,200/mo in Albany compared to $1,150/mo in Odessa, a monthly difference of $50.
Grocery & Food Costs
Grocery expenses index at 102 in Albany and 96 in Odessa. A household spending the national average of $475/month on groceries would pay approximately $485/month in Albany vs $456/month in Odessa. Odessa offers a meaningful advantage on everyday food costs, saving roughly $348/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 107 in Albany and 100 in Odessa. Monthly utility bills average approximately $428 in Albany vs $400 in Odessa. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 100 in Albany and 96 in Odessa. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. Healthcare costs are relatively similar between these two cities, though individual plan costs can still vary.
Income & Purchasing Power
Median household income is $43,098 in Albany and $73,500 in Odessa. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $43,533 and $86,471 respectively. Odessa residents come out ahead in real purchasing power.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,006/month to housing in Albany vs $1,715/month in Odessa. In Albany, median rent of $1,200/mo exceeds this threshold, suggesting renters may feel stretched. In Odessa, median rent of $1,150/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 21 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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