Salary Needed to Live in Odessa as a Family
A family of four (2 adults, 2 children) needs approximately $50,460/year to live comfortably in Odessa, TX — including 15% savings.
Comfortable Salary
$50,460
with 15% savings
Bare Minimum
$40,368
no savings buffer
Monthly Expenses
$2,523
14% below national avg
Detailed Monthly Budget for a Family in Odessa
| Expense | Odessa | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 3BR Apartment/House Rent | $146 | $209 | -30% |
| 🛒 Groceries | $37 | $44 | -16% |
| ⚡ Utilities | $25 | $28 | -11% |
| 🚗 Transportation | $42 | $44 | -5% |
| 🛡️ Car Insurance | $185 | $223 | -17% |
| 🏥 Health Insurance | $38 | $56 | -32% |
| Childcare/After-school | $1,056 | $1,200 | -12% |
| Internet + Phones | $158 | $180 | -12% |
| Children Activities | $220 | $250 | -12% |
| Dining Out | $308 | $350 | -12% |
| School Supplies & Clothing | $176 | $200 | -12% |
| Healthcare Co-pays | $132 | $150 | -12% |
| Total Monthly | $2,523 | $2,934 | -14% |
How We Calculated the Salary
Monthly expenses:$2,523
Target savings (15%):$557/mo
Monthly after-tax needed:$3,080
Effective tax rate:25%
Gross annual salary needed:$50,460
Other Household Types in Odessa
Related Pages
FAQ
What salary does a family with kids need in Odessa?
A family with kids needs approximately $50,460/year ($4,205/month gross) to live comfortably in Odessa with a 15% savings rate.
How much is rent for a family with kids in Odessa?
A 3br apartment/house in Odessa costs approximately $146/month, which is the largest single expense at 6% of the total budget.
Is Odessa affordable for a family with kids?
Yes, Odessa is 14% more affordable than the national average for a family with kids.