Median rent is 13% lower in Omaha ($1,187/mo vs $1,371/mo). Buying is cheaper in Omaha, where the median home runs $245,500 versus $362,200. Households earn more in Minneapolis ($80,846 vs $73,201 a year).
City A
Minneapolis, MN
City B
Omaha, NE
How much would you need to earn in Omaha, NE to maintain your standard of living from Minneapolis, MN?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Minneapolis
Minnesota
Omaha
Nebraska
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Median rent is modestly lower in Omaha at $1,187/mo compared to $1,371/mo in Minneapolis (13% gap). Home buyers face a steeper market in Minneapolis: the median home is $362,200 versus $245,500 in Omaha — 32% more expensive.
BLS OEWS 2023 — metro-level data
State tax data is not yet available for these cities.
Minneapolis
Income tax: N/A
Sales tax: N/A
Omaha
Income tax: N/A
Sales tax: N/A
Omaha has cleaner air on average: 42.0 AQI (Good) compared to 55.0 AQI (Moderate) in the other city. Lower AQI means cleaner, healthier air.
Pick Minneapolis if you prioritize higher median household income ($80,846/yr).
Pick Omaha if you prioritize cheaper rent ($1,187/mo median).
Pick Omaha if you prioritize cleaner air quality (avg AQI 42.0).
Is Minneapolis cheaper than Omaha?
Cost of living index data is not yet available for one or both cities.
How much is rent in Minneapolis vs Omaha?
Median rent is $1,371/mo in Minneapolis, MN and $1,187/mo in Omaha, NE. Omaha, NE has the lower rent by about 13%.
Which has higher salaries — Minneapolis or Omaha?
Median household income is $80,846 in Minneapolis, MN and $73,201 in Omaha, NE. Minneapolis, MN has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Omaha, NE has better air quality on average: 42.0 AQI versus 55.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Minneapolis or Omaha?
State tax data is not yet available for one or both cities.
What salary do I need in Omaha to match my Minneapolis income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
