Average All Occupations Salary in Odessa, TX
In Odessa, Texas, the average annual salary for All Occupations stands at $58,370, which is below the national average of $67,140. This disparity is often influenced by the specific economic drivers and industry demands prevalent in the Odessa region, which may differ from broader national trends.
Executive Summary
- Average Salary: $58,370 per year.
- Growth Trend: Salaries have shifted 14.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $98,960.
- Outlook: Odessa, TX boasts a substantial workforce of 79,150 individuals employed across various occupations. With a Location Quotient of 1.0, the concentration of these jobs aligns precisely with the national average, indicating a stable and well-established job market that mirrors national employment patterns.
Salary Overview
The average All Occupations in Odessa, TX earns-13.1%below the national average.
$28.1
$1,123
$4,864
All Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for All Occupations in Odessa, TX have experienced steady growth over the past four years, mirroring national trends of wage increases driven by inflation, demand, and economic development.
All Occupations Salary Distribution in Odessa, TX
Salary progression in Odessa, TX for All Occupations typically sees a significant increase with experience. Entry-level positions might start closer to the lower percentiles, while senior and highly experienced professionals can command salaries well into the upper percentiles, reflecting a clear career growth trajectory.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $26,970 | $13 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $43,778 | $21 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $47,420 | $22.8 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $72,963 | $35.1 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $98,960 | $47.6 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$58,370
Gross Pay
Real Wage (Purchasing Power)
$58,370
Adjusted for COL (100)
The average annual salary of $58,370 in Odessa, TX aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the local salary is equivalent to the national standard, making relocation financially neutral in terms of cost of living.
Job Market Context
79,150
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Odessa, TX has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
A Location Quotient of 1.0 for All Occupations in Odessa, TX signifies that the concentration of these jobs in the local market is exactly in line with the national average. This suggests a balanced job market where demand and supply for these roles are neither exceptionally high nor low compared to the rest of the country.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Midland, TX All Occupations Salary | $68,800↑ 18% | 17 mi |
Comparing salaries near Odessa, TX
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Odessa, TX?
The median annual salary for a All Occupations in Odessa, TX is $58,370. This typically ranges from $26,970 for entry-level positions to $98,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Odessa, TX is 13.1% lower than the national median of $67,140.
Is Odessa, TX a lucrative place for All Occupationss?
No, not significantly more lucrative than the national average.The average salary of $58,370 is below the national average, although the cost of living is also at the national average, making the purchasing power comparable.
Is Odessa, TX a good place to live for All Occupations?
The Cost of Living Index in Odessa, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Odessa, TX?
Some top paying nearby cities include Midland, TX ($68,800) and others.
How does Odessa's average salary compare to the national average?
The average annual salary for All Occupations in Odessa, TX is $58,370, which is lower than the national average of $67,140.
What is the cost of living in Odessa, TX?
The cost of living in Odessa, TX is indexed at 100, which is exactly the national average.
How large is the workforce in Odessa, TX?
Odessa, TX has a total local workforce of 79,150 individuals across all occupations.
Is there high demand for All Occupations in Odessa, TX?
The Location Quotient of 1.0 suggests that the concentration of All Occupations jobs in Odessa, TX is at the national average, indicating a stable but not exceptionally high demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 79,150 employees in the Odessa, TX area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Odessa, TX