Discretionary Income in Odessa, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Odessa, TX is ranked 26th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Odessa, TX
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$3,468
Discretionary Income
$3,677
With a gross annual salary of $100,000 in Odessa, TX, you would need to deduct approximately $1,188 per month for taxes. Given that the average cost of living in Odessa is $3,468, you would have around $3,677 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Odessa, TX, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Odessa, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Odessa, TX |
|---|---|
| $30,000 | -$1,111 |
| $40,000 | -$378 |
| $50,000 | $355 |
| $60,000 | $1,077 |
| $70,000 | $1,727 |
| $80,000 | $2,377 |
| $90,000 | $3,027 |
| $100,000 | $3,677 |
| $110,000 | $4,326 |
| $120,000 | $4,959 |
| $130,000 | $5,592 |
| $140,000 | $6,226 |
| $150,000 | $6,859 |
| $175,000 | $8,442 |
| $200,000 | $9,999 |
| $250,000 | $12,820 |
| $300,000 | $15,528 |
| $350,000 | $18,236 |
| $400,000 | $20,945 |
| $450,000 | $23,653 |
| $500,000 | $26,361 |
Discretionary Income in Odessa, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Odessa, TX is ranked 21st out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Odessa, TX
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$2,280
Discretionary Income
$4,865
With a gross annual salary of $100,000 in Odessa, TX, a single person would need to deduct approximately $1,188 per month for taxes. Considering the average cost of living in Odessa is $2,280, singles would have around $4,865 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Odessa, TX, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Odessa, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Odessa, TX |
|---|---|
| $30,000 | $77 |
| $40,000 | $810 |
| $50,000 | $1,544 |
| $60,000 | $2,265 |
| $70,000 | $2,915 |
| $80,000 | $3,565 |
| $90,000 | $4,215 |
| $100,000 | $4,865 |
| $110,000 | $5,514 |
| $120,000 | $6,147 |
| $130,000 | $6,781 |
| $140,000 | $7,414 |
| $150,000 | $8,047 |
| $175,000 | $9,631 |
| $200,000 | $11,187 |
| $250,000 | $14,008 |
| $300,000 | $16,716 |
| $350,000 | $19,425 |
| $400,000 | $22,133 |
| $450,000 | $24,841 |
| $500,000 | $27,550 |
Discretionary Income in Odessa, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Odessa, TX is ranked 26th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Odessa, TX
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$3,413
Discretionary Income
$3,732
With a gross annual salary of $100,000 in Odessa, TX, a couple would need to deduct approximately $1,188 per month for taxes. Considering the average cost of living in Odessa is $3,413, couples would have around $3,732 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Odessa, TX, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Odessa, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Odessa, TX |
|---|---|
| $30,000 | -$1,056 |
| $40,000 | -$323 |
| $50,000 | $411 |
| $60,000 | $1,132 |
| $70,000 | $1,782 |
| $80,000 | $2,432 |
| $90,000 | $3,082 |
| $100,000 | $3,732 |
| $110,000 | $4,381 |
| $120,000 | $5,014 |
| $130,000 | $5,647 |
| $140,000 | $6,281 |
| $150,000 | $6,914 |
| $175,000 | $8,497 |
| $200,000 | $10,054 |
| $250,000 | $12,875 |
| $300,000 | $15,583 |
| $350,000 | $18,291 |
| $400,000 | $20,934 |
| $450,000 | $23,559 |
| $500,000 | $26,184 |
Discretionary Income in Odessa, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Odessa, TX is ranked 27th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Odessa, TX
Gross Salary
$8,333
Taxes
$927
Cost of Living
$3,352
Discretionary Income
$4,055
With a gross annual salary of $100,000 in Odessa, TX, a single parent would need to deduct approximately $927 per month for taxes. Considering the average cost of living in Odessa is $3,352, single parents would have around $4,055 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Odessa, TX, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Odessa, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Odessa, TX |
|---|---|
| $30,000 | -$928 |
| $40,000 | -$184 |
| $50,000 | $549 |
| $60,000 | $1,283 |
| $70,000 | $2,016 |
| $80,000 | $2,749 |
| $90,000 | $3,405 |
| $100,000 | $4,055 |
| $110,000 | $4,705 |
| $120,000 | $5,348 |
| $130,000 | $5,982 |
| $140,000 | $6,615 |
| $150,000 | $7,248 |
| $175,000 | $8,832 |
| $200,000 | $10,415 |
| $250,000 | $13,268 |
| $300,000 | $15,981 |
| $350,000 | $18,689 |
| $400,000 | $21,398 |
| $450,000 | $24,106 |
| $500,000 | $26,814 |
Discretionary Income in Odessa, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Odessa, TX is ranked 45th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Odessa, TX
Gross Salary
$8,333
Taxes
$686
Cost of Living
$4,828
Discretionary Income
$2,819
With a gross annual salary of $100,000 in Odessa, TX, a family would need to deduct approximately $686 per month for taxes. Considering the average cost of living in Odessa is $4,828, families would have around $2,819 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Odessa, TX, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Odessa, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Odessa, TX |
|---|---|
| $30,000 | -$2,347 |
| $40,000 | -$1,597 |
| $50,000 | -$848 |
| $60,000 | -$114 |
| $70,000 | $619 |
| $80,000 | $1,352 |
| $90,000 | $2,086 |
| $100,000 | $2,819 |
| $110,000 | $3,552 |
| $120,000 | $4,262 |
| $130,000 | $4,912 |
| $140,000 | $5,562 |
| $150,000 | $6,212 |
| $175,000 | $7,837 |
| $200,000 | $9,462 |
| $250,000 | $12,659 |
| $300,000 | $15,826 |
| $350,000 | $18,993 |
| $400,000 | $22,105 |
| $450,000 | $24,939 |
| $500,000 | $27,747 |