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This question is about Odessa, TX.
What is a good salary in Odessa, TX?
A good salary in Odessa, TX is anything over $41,000. That's because the median income in Odessa is $41,000, which means if you earn more than that you're earning more than 50% of the people living in Odessa. The average salary in Odessa is $46,186.
A good hourly wage in Odessa is $19.71 per hour. That works out to a good weekly wage of $788 per week and a good monthly wage of $3,416 per month. However, using the median income is only one way to calculate a good salary in Odessa.
Another way to calculate a good salary in Odessa is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $151,500, a good salary in Odessa would be $30,300.
Lastly, we can determine a good salary in Odessa by looking at the cost of living and comparing it to the US average salary. The cost of living in Odessa is 9% lower than than the national average. The national average salary is $56,310, so a good salary in Odessa is anything over $50,679 by this measure.
Average Annual Salary in Odessa, TX
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $22,000 | $1,833 | $423 | $10.58 |
| 25th | $29,000 | $2,416 | $557 | $13.94 |
| Median | $41,000 | $3,416 | $788 | $19.71 |
| 75th | $56,000 | $4,666 | $1,076 | $26.92 |
| 90th | $76,000 | $6,333 | $1,461 | $36.54 |
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