Odessa, TX vs Sherman, TX: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, living costs in Sherman, TX and Odessa, TX are within 1% of each other (BEA, 2024).
- To keep the same standard of living, $75,000 in Odessa works out to about $74,900 in Sherman, before taxes.
- Housing is 0.3% lower in Sherman, goods 0.0% higher and other services 0.0% higher, which roughly cancel out.
- Typical asking rent is $1,358 a month in Sherman and $1,580 in Odessa, $2,664 a year less in Sherman (Zillow, September 2026).
- A typical home is valued at about $280,000 in Sherman and $252,000 in Odessa.
- The gap has narrowed since 2019, when Sherman was 5.8% less expensive than Odessa.
derived Calculated from BEA Regional Price Parities (2024) and Zillow data. Based on an average household's spending; taxes not included. How we calculate.
Category by category
Both cities against the US average (100). The gap in each row is what matters for a move.
Overall prices are about the same in Odessa and Sherman
Price level by category, 2024. US average = 100.
- Odessa, TX
- Sherman, TX
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Odessa, TX | Sherman, TX | |
|---|---|---|
| All items | 93.9 | 93.8 |
| Goods | 93.8 | 93.8 |
| Housing (rents) | 89.7 | 89.5 |
| Utilities | 82.9 | 83.3 |
| Other services | 96.2 | 96.2 |
| Category | Odessa | Sherman | Sherman vs Odessa |
|---|---|---|---|
| All items | 93.9 | 93.8 | −0.1% |
| Goods | 93.8 | 93.8 | 0.0% |
| Housing (rents) | 89.7 | 89.5 | −0.3% |
| Utilities | 82.9 | 83.3 | +0.6% |
| Other services | 96.2 | 96.2 | 0.0% |
| Typical asking rent | $1,580 | $1,358 | −14.1% |
| Typical home value | $252,000 | $280,000 | +11.1% |
| Salary to match $75,000 in Odessa | $75,000 | $74,900 | −0.1% |
Index values: BEA, 2024, US = 100. Rent and home values: Data Provided by Zillow Group, September 2026.
How the gap has changed since 2008
The price gap between Odessa and Sherman has narrowed since 2008: 5.0 points then, 0.1 now
Overall price level each year, 2008–2024. US average = 100.
- Odessa, TX
- Sherman, TX
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Odessa, TX | Sherman, TX | |
|---|---|---|
| 2008 | 96.4 | 91.4 |
| 2009 | 94.2 | 91.8 |
| 2010 | 96.3 | 94.9 |
| 2011 | 98.6 | 93.3 |
| 2012 | 97.9 | 94.2 |
| 2013 | 100.0 | 93.4 |
| 2014 | 101.3 | 94.3 |
| 2015 | 99.3 | 93.3 |
| 2016 | 99.1 | 95.4 |
| 2017 | 98.4 | 95.3 |
| 2018 | 96.9 | 92.6 |
| 2019 | 98.1 | 92.4 |
| 2020 | 99.1 | 92.4 |
| 2021 | 96.3 | 92.8 |
| 2022 | 94.1 | 92.5 |
| 2023 | 92.6 | 92.4 |
| 2024 | 93.9 | 93.8 |
Goods
- Odessa, TX
- Sherman, TX
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Odessa, TX | Sherman, TX | |
|---|---|---|
| 2008 | 97.1 | 97.1 |
| 2009 | 95.2 | 95.2 |
| 2010 | 96.6 | 96.6 |
| 2011 | 96.9 | 96.9 |
| 2012 | 97.3 | 97.3 |
| 2013 | 97.3 | 97.3 |
| 2014 | 97.6 | 97.6 |
| 2015 | 97.0 | 97.0 |
| 2016 | 97.2 | 97.2 |
| 2017 | 97.1 | 97.1 |
| 2018 | 94.4 | 94.4 |
| 2019 | 96.2 | 96.2 |
| 2020 | 96.2 | 96.2 |
| 2021 | 96.2 | 96.2 |
| 2022 | 93.7 | 93.7 |
| 2023 | 92.9 | 92.9 |
| 2024 | 93.8 | 93.8 |
Housing (rents)
- Odessa, TX
- Sherman, TX
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Odessa, TX | Sherman, TX | |
|---|---|---|
| 2008 | 87.8 | 64.6 |
| 2009 | 81.1 | 70.8 |
| 2010 | 85.3 | 79.5 |
| 2011 | 98.5 | 70.1 |
| 2012 | 93.5 | 73.2 |
| 2013 | 109.1 | 72.1 |
| 2014 | 117.7 | 73.2 |
| 2015 | 101.7 | 69.6 |
| 2016 | 96.2 | 78.4 |
| 2017 | 99.3 | 79.7 |
| 2018 | 103.6 | 78.3 |
| 2019 | 109.2 | 75.1 |
| 2020 | 108.2 | 69.9 |
| 2021 | 94.2 | 74.1 |
| 2022 | 88.3 | 79.7 |
| 2023 | 83.5 | 83.0 |
| 2024 | 89.7 | 89.5 |
Utilities
- Odessa, TX
- Sherman, TX
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Odessa, TX | Sherman, TX | |
|---|---|---|
| 2008 | 100.0 | 99.5 |
| 2009 | 94.2 | 94.9 |
| 2010 | 95.4 | 95.5 |
| 2011 | 90.2 | 90.4 |
| 2012 | 89.1 | 88.7 |
| 2013 | 89.9 | 90.2 |
| 2014 | 93.3 | 93.4 |
| 2015 | 90.9 | 90.9 |
| 2016 | 87.0 | 87.1 |
| 2017 | 82.7 | 83.2 |
| 2018 | 84.4 | 84.4 |
| 2019 | 86.0 | 86.0 |
| 2020 | 86.2 | 86.2 |
| 2021 | 86.3 | 86.2 |
| 2022 | 87.5 | 87.7 |
| 2023 | 89.7 | 89.2 |
| 2024 | 82.9 | 83.3 |
Other services
- Odessa, TX
- Sherman, TX
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Odessa, TX | Sherman, TX | |
|---|---|---|
| 2008 | 98.5 | 98.5 |
| 2009 | 98.1 | 98.1 |
| 2010 | 100.0 | 100.0 |
| 2011 | 100.8 | 100.8 |
| 2012 | 100.7 | 100.7 |
| 2013 | 100.3 | 100.3 |
| 2014 | 100.3 | 100.3 |
| 2015 | 101.0 | 101.0 |
| 2016 | 102.3 | 102.3 |
| 2017 | 100.5 | 100.5 |
| 2018 | 97.7 | 97.7 |
| 2019 | 96.9 | 96.9 |
| 2020 | 99.3 | 99.3 |
| 2021 | 98.1 | 98.1 |
| 2022 | 96.7 | 96.7 |
| 2023 | 95.8 | 95.8 |
| 2024 | 96.2 | 96.2 |
Rent and home values
Typical asking rent: $1,358 in Sherman vs $1,580 in Odessa
Typical asking rent for a new lease, dollars per month. Quarterly.
- Odessa, TX
- Sherman, TX
- United States
Source: Zillow Observed Rent Index (typical asking rent, all homes, smoothed), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Odessa, TX | Sherman, TX | United States | |
|---|---|---|---|
| Mar 2015 | – | – | $1,145 |
| Jun 2015 | – | – | $1,170 |
| Sep 2015 | – | – | $1,181 |
| Dec 2015 | – | – | $1,182 |
| Mar 2016 | – | – | $1,195 |
| Jun 2016 | – | – | $1,219 |
| Sep 2016 | – | – | $1,225 |
| Dec 2016 | – | – | $1,222 |
| Mar 2017 | – | – | $1,245 |
| Jun 2017 | – | – | $1,270 |
| Sep 2017 | – | – | $1,276 |
| Dec 2017 | $1,209 | – | $1,275 |
| Mar 2018 | $1,307 | – | $1,296 |
| Jun 2018 | $1,362 | – | $1,320 |
| Sep 2018 | $1,477 | – | $1,327 |
| Dec 2018 | $1,443 | – | $1,329 |
| Mar 2019 | $1,506 | $1,035 | $1,349 |
| Jun 2019 | $1,532 | $1,066 | $1,376 |
| Sep 2019 | $1,479 | $1,053 | $1,383 |
| Dec 2019 | $1,401 | $1,054 | $1,381 |
| Mar 2020 | $1,420 | $1,051 | $1,402 |
| Jun 2020 | $1,246 | $1,087 | $1,406 |
| Sep 2020 | $1,206 | $1,107 | $1,410 |
| Dec 2020 | $1,138 | $1,119 | $1,407 |
| Mar 2021 | $1,197 | $1,167 | $1,443 |
| Jun 2021 | $1,170 | $1,205 | $1,512 |
| Sep 2021 | $1,177 | $1,218 | $1,590 |
| Dec 2021 | $1,185 | $1,250 | $1,622 |
| Mar 2022 | $1,212 | $1,298 | $1,661 |
| Jun 2022 | $1,290 | $1,316 | $1,721 |
| Sep 2022 | $1,369 | $1,362 | $1,748 |
| Dec 2022 | $1,402 | $1,356 | $1,735 |
| Mar 2023 | $1,436 | $1,343 | $1,757 |
| Jun 2023 | $1,493 | $1,371 | $1,785 |
| Sep 2023 | $1,533 | $1,398 | $1,797 |
| Dec 2023 | $1,517 | $1,391 | $1,786 |
| Mar 2024 | $1,542 | $1,399 | $1,807 |
| Jun 2024 | $1,543 | $1,406 | $1,837 |
| Sep 2024 | $1,566 | $1,396 | $1,845 |
| Dec 2024 | $1,561 | $1,432 | $1,836 |
| Mar 2025 | $1,566 | $1,416 | $1,860 |
| Jun 2025 | $1,640 | $1,425 | $1,880 |
| Sep 2025 | $1,572 | $1,383 | $1,881 |
| Dec 2025 | $1,572 | $1,385 | $1,873 |
| Mar 2026 | $1,578 | $1,396 | $1,894 |
| Jun 2026 | $1,572 | $1,341 | $1,921 |
| Sep 2026 | $1,580 | $1,358 | $1,932 |
Typical home value: $280,000 in Sherman vs $252,000 in Odessa
Typical home value, dollars. Quarterly.
- Odessa, TX
- Sherman, TX
- United States
Source: Zillow Home Value Index (typical home value, middle tier, smoothed, seasonally adjusted), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Odessa, TX | Sherman, TX | United States | |
|---|---|---|---|
| Mar 2015 | $161K | $131K | $189K |
| Jun 2015 | $165K | $136K | $192K |
| Sep 2015 | $167K | $140K | $195K |
| Dec 2015 | $168K | $143K | $199K |
| Mar 2016 | $169K | $145K | $202K |
| Jun 2016 | $168K | $148K | $204K |
| Sep 2016 | $165K | $153K | $206K |
| Dec 2016 | $162K | $158K | $209K |
| Mar 2017 | $161K | $162K | $213K |
| Jun 2017 | $164K | $166K | $216K |
| Sep 2017 | $164K | $171K | $219K |
| Dec 2017 | $166K | $177K | $223K |
| Mar 2018 | $167K | $182K | $227K |
| Jun 2018 | $172K | $188K | $230K |
| Sep 2018 | $178K | $192K | $234K |
| Dec 2018 | $185K | $193K | $236K |
| Mar 2019 | $193K | $197K | $239K |
| Jun 2019 | $202K | $198K | $242K |
| Sep 2019 | $211K | $199K | $244K |
| Dec 2019 | $219K | $203K | $247K |
| Mar 2020 | $223K | $207K | $252K |
| Jun 2020 | $226K | $209K | $255K |
| Sep 2020 | $229K | $213K | $260K |
| Dec 2020 | $226K | $221K | $271K |
| Mar 2021 | $226K | $233K | $282K |
| Jun 2021 | $224K | $247K | $296K |
| Sep 2021 | $221K | $258K | $306K |
| Dec 2021 | $221K | $266K | $314K |
| Mar 2022 | $221K | $284K | $330K |
| Jun 2022 | $221K | $299K | $346K |
| Sep 2022 | $218K | $301K | $348K |
| Dec 2022 | $218K | $299K | $345K |
| Mar 2023 | $217K | $300K | $343K |
| Jun 2023 | $221K | $301K | $347K |
| Sep 2023 | $222K | $301K | $352K |
| Dec 2023 | $223K | $299K | $354K |
| Mar 2024 | $230K | $304K | $357K |
| Jun 2024 | $235K | $307K | $361K |
| Sep 2024 | $236K | $304K | $361K |
| Dec 2024 | $239K | $304K | $363K |
| Mar 2025 | $242K | $306K | $364K |
| Jun 2025 | $242K | $301K | $362K |
| Sep 2025 | $243K | $294K | $362K |
| Dec 2025 | $249K | $292K | $364K |
| Mar 2026 | $255K | $292K | $366K |
| Jun 2026 | $255K | $286K | $365K |
| Sep 2026 | $252K | $280K | $366K |
More about each city
What this comparison leaves out
- Taxes. State and local income, sales and property taxes can change the result a lot, especially between states.
- Neighborhoods. These are metro-wide averages; a city center and its outer suburbs can differ by more than two metros do.
- Your own spending mix. The default uses an average household. Use the housing slider above if rent is a bigger share of your budget.
- Timing. BEA price levels are for 2024; Zillow figures are monthly and newer.