States › Missouri › Odessa

Is Odessa, MO expensive to live in?

CheapRent takes 13 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,19932% lower than U.S. average
💵 Families earn per year (2026)$107,874about $8,990/month · 24% higher than U.S. average
🔑 House price$238,20028% lower than U.S. average

Rent is lower than in 76% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $47,960 a year. That is $23 an hour at a full-time job.

Is rent cheaper than other Missouri cities?

Yes. Rent here is cheaper than in most of Missouri. It is number 61 of 142 cities from cheapest to most expensive.

Odessa
$1,199
Trenton
$777
Glasgow Village
$1,418
Imperial
$1,599
Macon
$909
Barnhart
$1,731
Waynesville
$1,887

How much do households earn in Odessa?

Under $25k
9.6%
$25k–50k
18.0%
$50k–100k
43.3%
$100k–150k
12.5%
$150k+
13.9%

Share of households by yearly income. 26.4% of households earn $100,000 or more.

Rent by apartment size in Odessa

SizeOdessaU.S. average
1 bedroom$974$1,324
2 bedrooms$1,210$1,509
3 bedrooms$1,226$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Odessa overall?

Everyday prices in Missouri overall are 9% below the U.S. average (index 90.8, U.S. = 100).

Housing
70
Goods (food, clothes…)
96
Utilities
79
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Odessa, so the Missouri figure is shown.

Taxes and bills in Odessa

🏛️ Property tax$1,844a year · 0.77% of home value · U.S. $3,119
⚡ Electric bill$200a month (typical) · U.S. $156

Life in Odessa

Commute to work24.5 minU.S.: 26.4 min
College degree31.2%U.S.: 35.7%
Own their home72.8%U.S.: 65.2%
Below poverty line6.1%U.S.: 12.5%
Unemployment0%U.S.: 5.2%

Is it cheaper to rent or buy in Odessa?

Renting is cheaper right now: about $454 a month less.

Renting
$1,199
Owning
$1,653

Owning assumes a typical $238,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,820 for the down payment.

Frequently asked questions

What is the average rent in Odessa, MO?

Renting in Odessa costs a median of about $1,199 a month in 2026, including utilities. The Missouri median is $1,285.

How much do I need to make to live in Odessa?

To keep rent under 30% of income, you need about $47,960 a year, or $23 an hour at a full-time job.

Is Odessa cheap or expensive?

Odessa is rated Cheap: rent takes 13.3% of the typical household income of $107,874. It ranks 61st cheapest of 142 Missouri cities we track.

How much are property taxes in Odessa?

The median homeowner in Odessa pays $1,844 a year in property taxes, about 0.77% of the median home value.

Is Odessa more expensive than the national average?

Overall prices in Missouri are 9% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Odessa?

The median home value in Odessa is $238,200, about 2.2 times the typical yearly household income.

5,620 people live in Odessa. Numbers are typical (middle) values.