Odessa, Texas Income Statistics
Odessa Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Odessa Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Odessa | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,535 | $78,939 | $80,455 |
| Median Personal Income | $55,243 | $56,913 | $60,758 |
| Average Yearly Income Growth | 2.7% | 4.6% | 4.8% |
| Six-Figure Earners | 12.2% | 13.0% | 13.9% |
| $200k+ Households | 8.1% | 12.5% | 13.2% |
The median household income in Odessa is about 9% lower than in Texas. Income has been growing slower in Odessa (2.7%/yr) than in Texas (4.6%/yr).
About 12% of adults in Odessa earn six figures ($100,000 or more) a year, lower than the Texas average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Odessa, Texas grew by 62.9% from 2009 to 2024, reaching $71,535 in 2024. That's an average of about 2.7% per year.
Income Inequality and the Gender Pay Gap in Odessa
| Metric | Odessa | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.551 | 0.570 | 0.552 |
| Male Median Income | $70,374 | $66,147 | $69,667 |
| Female Median Income | $46,423 | $53,058 | $56,850 |
| Gender Pay Gap | 34.0% | 19.8% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Odessa, it is 0.551, lower than Texas's 0.570, so income is more evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 52% more than women's income in Odessa, Texas. Over a 35-year career, a 52% wage gap accumulates to roughly $838,285 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Odessa, Texas has widened from about 32% to 34% in 2024. Over that period the gap was widest at 35% in 2016, and was narrowest at 29% in 2011. In dollar terms, the gap has widened by $9,985 since 2009.
Employment
| Metric | Odessa | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.1% | 5.2% | 5.2% |
| Working from Home | 3.2% | 14.4% | 15.0% |
| Commute time (minutes) | 17 | 22 | 22 |
Approximately 3,148 people are unemployed in Odessa, Texas.
The average commute time in Odessa is 17 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Odessa, Texas has risen from 5.6% to 6.1% in 2024. Over that period the rate peaked at 7.3% in 2020 and fell as low as 4.9% in 2015.
Odessa, TX Wealth Compared With Nearby Cities
How Odessa, TX compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Odessa, TX | 101,110 | $71,535 #2/3 | 2.7%/yr #1/3 | 6.1% #3/3 | 0.551 #1/3 |
| West Odessa, TX | 32,106 | $64,854 | 2.5%/yr | 6.0% | 0.568 |
| Midland, TX | 117,504 | $83,839 | 2.3%/yr | 3.5% | 0.560 |
Conclusion
Considering all these factors, Odessa, Texas has an overall wealth index grade of C, making it about on par with Texas, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Odessa, Texas.
How Wealthy Is Odessa, Texas?
Odessa has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $71,535, about 9% lower than the Texas average of $78,939.
How has median household income changed in Odessa, Texas?
Between 2009 and 2024, the median household income in Odessa, Texas rose 63%, from $43,923 to $71,535. Over the same years, income here kept pace with Texas as a whole: +63% against +64%.
What was the median household income in Odessa in 2023?
In 2023, the median household income in Odessa, Texas was $71,076, up 1% from $70,172 in 2022. The Texas median that year was $76,528.
What was the median household income in Odessa in 2020?
In 2020, the median household income in Odessa, Texas was $62,537. By 2024 it had risen 14% to $71,535.
What is the Gini coefficient in Odessa, Texas?
The Gini coefficient in Odessa is 0.551. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Odessa, Texas?
Since 2009, the income gap between men and women in Odessa, Texas has widened from about 32% to 34% in 2024. Over that period the gap was widest at 35% in 2016, and was narrowest at 29% in 2011. In dollar terms, the gap has widened by $9,985 since 2009.
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