Cost of Living Comparison for Omaha, NE
Updated 2026 · Local data pre-filled
Omaha's cost of living index is 91 — 9% cheaper than the national average. This factors in housing, groceries, utilities, transportation, and healthcare. Use this calculator to see how your purchasing power would change if you moved to another city.
✓ Calculator below is pre-filled with Omaha local data
How Omaha Compares to the National Average
Understanding how Omaha stacks up helps you calibrate your financial planning.
| Metric | Omaha, NE | US Average | Difference |
|---|---|---|---|
| Median Home Price | $260,000 | $420,800 | -38.2% |
| Median Monthly Rent | $941 | $1,713 | -45.1% |
| Median Household Income | $68,200 | $74,580 | -8.6% |
| Property Tax Rate | 1.60% | 1.10% | +45.5% |
| Cost of Living Index | 91 | 100 | -9.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Omaha Financial Snapshot
- Population (Metro)
- 970,000
- Unemployment
- 2.8%
- Avg Commute
- 21 min
- Median Age
- 34.6
- Price-to-Rent Ratio
- 23.0x
- Annual Property Tax
- $4,160
Cost of Living Comparison in Other Nebraska Cities
Frequently Asked Questions — Omaha
What is the median home price in Omaha, NE?
The median home price in Omaha is $260,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Omaha?
Median monthly rent in Omaha is $941. That works out to $11,292/year, or 17% of the median household income — within the commonly recommended 30% of income guideline.
Is Omaha affordable?
Omaha's cost of living index is 91 vs. the national average of 100. With a median household income of $68,200/year and a median home price of $260,000, the price-to-income ratio is 3.8x. Omaha remains relatively affordable compared to many US metros.
What is the property tax rate in Omaha?
The effective property tax rate in Omaha is 1.60% of assessed value. On the median home of $260,000, that's roughly $4,160/year ($347/month).