Cost of Living in Omaha

Nebraska · Population: 488,837 · Updated 2026

Below Average
Cost Index
91.9
100 = US avg
Median Income
$73K
Annual household
Median Rent
$1,187/mo
2-bedroom unit
Rent Burden
19%
Income to rent ratio
Cost Category Breakdown

Indexed to national average (100)

Housing69.8
Groceries100.0
Utilities100.0
Transportation100.0
Healthcare100.0
Economic Details
Median Home Value$246K
State Income Tax3.99%
Unemployment Rate3.2%
Est. Net Income$70K/yr
Affordability Score
104
out of 100
Below national average cost
Salary Converter for Omaha

See what salary you'd need in another city to match your purchasing power in Omaha.

$75,000

About Omaha

Omaha is one of America's most affordable cities with exceptional quality of life metrics. Home to Warren Buffett and Berkshire Hathaway, it has a strong financial services and insurance sector.

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Frequently Asked Questions

Is Omaha expensive?

Omaha has a cost of living index of 91.9, where 100 represents the national average. This is close to the national average.

What salary do you need to live comfortably in Omaha?

Based on a rent-to-income ratio of 30%, you'd need at least $47,480 to afford the median 2-bedroom apartment in Omaha and maintain basic expenses.

What is the median rent in Omaha?

The median 2-bedroom rent in Omaha is $1,187 per month, according to HUD Fair Market Rent data.