diff --git a/.changes/unreleased/Dependency-20221116-221906.yaml b/.changes/unreleased/Dependency-20221116-221906.yaml
new file mode 100644
index 000000000..5e126d078
--- /dev/null
+++ b/.changes/unreleased/Dependency-20221116-221906.yaml
@@ -0,0 +1,7 @@
+kind: "Dependency"
+body: "Bump pyodbc from 4.0.34 to 4.0.35"
+time: 2022-11-16T22:19:06.00000Z
+custom:
+  Author: dependabot[bot]
+  Issue: 417
+  PR: 519
diff --git a/requirements.txt b/requirements.txt
index ce359bec9..4132645ff 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -1,7 +1,7 @@
 PyHive[hive]>=0.6.0,<0.7.0
 requests[python]>=2.28.1
 
-pyodbc==4.0.34
+pyodbc~=4.0.30
 sqlparams>=3.0.0
 thrift>=0.13.0
 sqlparse>=0.4.2 # not directly required, pinned by Snyk to avoid a vulnerability
diff --git a/setup.py b/setup.py
index 07c96ee29..266f35b10 100644
--- a/setup.py
+++ b/setup.py
@@ -54,7 +54,7 @@ def _get_dbt_core_version():
 dbt_core_version = _get_dbt_core_version()
 description = """The Apache Spark adapter plugin for dbt"""
 
-odbc_extras = ["pyodbc>=4.0.30"]
+odbc_extras = ["pyodbc~=4.0.30"]
 pyhive_extras = [
     "PyHive[hive]>=0.6.0,<0.7.0",
     "thrift>=0.11.0,<0.17.0",