Cost of Living in Omaha, Nebraska
In Omaha, the median household income is $73,201 and the median gross rent is $1,187/mo, with a median home value of $245,500. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $73,201
- Median gross rent
- $1,187/mo
- Median home value
- $245,500
- Population
- 488,837
How Omaha compares to the Nebraska average
| Measure | Omaha, NE | Nebraska statewide | Difference |
|---|---|---|---|
| Median household income | $73,201 | $76,475 | -4.3% |
| Median gross rent (monthly) | $1,187 | $1,072 | +10.7% |
| Median home value | $245,500 | $238,600 | +2.9% |
Statewide, Nebraska prices average 90.1 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Omaha
- Salary needed for median rent
- $47,480
- Rent burden at median income
- 19.5%
- Est. affordable home price
- $267,032
So that $1,187/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Omaha is $245,500 — within what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Nebraska cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.