Minneapolis vs Odessa
Cost of Living Comparison · 2026
Minneapolis
Odessa
The Verdict
Living in Odessa costs 24.7% less than Minneapolis. To match the purchasing power of a $75,000 salary in Minneapolis, you would need $60,142 in Odessa.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Minneapolis has the same purchasing power as $60,142 in Odessa.
Conversely, $75,000 in Odessa equals $93,529 in Minneapolis.
Living in Minneapolis vs Odessa
Housing Costs
Minneapolis's housing index of 112 is higher Odessa's 72, translating to median home prices of $310,000 vs $223,000. The $87,000 difference in home prices means roughly $5,652 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,500/mo in Minneapolis compared to $1,150/mo in Odessa, a monthly difference of $350.
Grocery & Food Costs
Grocery expenses index at 104 in Minneapolis and 96 in Odessa. A household spending the national average of $475/month on groceries would pay approximately $494/month in Minneapolis vs $456/month in Odessa. Odessa offers a meaningful advantage on everyday food costs, saving roughly $456/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 97 in Minneapolis and 100 in Odessa. Monthly utility bills average approximately $388 in Minneapolis vs $400 in Odessa. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 105 in Minneapolis and 96 in Odessa. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 9-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $64,285 in Minneapolis and $73,500 in Odessa. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $60,646 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 $1,500/month to housing in Minneapolis vs $1,715/month in Odessa. In Minneapolis, median rent of $1,500/mo fits within this budget. 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 40 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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