Median rent is 35% lower in Omaha ($1,150/mo vs $1,779/mo). Buying is cheaper in Omaha, where the median home runs $230,100 versus $751,700. Households earn more in New York ($79,713 vs $72,708 a year).
City A
New York, NY
City B
Omaha, NE
How much would you need to earn in Omaha, NE to maintain your standard of living from New York, NY?
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 city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
New York
New York
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: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Omaha — median rent of $1,150/mo versus $1,779/mo in New York, a 35% difference. Home buyers face a steeper market in New York: the median home is $751,700 versus $230,100 in Omaha — 69% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
New York's top income tax rate is 10.90% versus 5.84% in Nebraska, so Omaha is more tax-friendly for high earners. Sales tax is 4.00% in New York and 5.50% in Nebraska; New York has the lower rate (local add-ons may apply in both).
New York
Income tax: 10.90%
Sales tax: 4.00%
Omaha
Income tax: 5.84%
Sales tax: 5.50%
Omaha has cleaner air on average: 26.0 AQI (Good) compared to 61.0 AQI (Moderate) in the other city. Lower AQI means cleaner, healthier air.
Pick New York if you prioritize higher median household income ($79,713/yr).
Pick Omaha if you prioritize cheaper rent ($1,150/mo median).
Pick Omaha if you prioritize cleaner air quality (avg AQI 26.0).
Pick Omaha if you prioritize lower state income tax (5.84%).
Is New York cheaper than Omaha?
Cost of living index data is not yet available for one or both cities.
How much is rent in New York vs Omaha?
Median rent is $1,779/mo in New York, NY and $1,150/mo in Omaha, NE. Omaha, NE has the lower rent by about 35%.
Which has higher salaries — New York or Omaha?
Median household income is $79,713 in New York, NY and $72,708 in Omaha, NE. New York, NY 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: 26.0 AQI versus 61.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — New York or Omaha?
New York's top income tax rate is 10.90% and Nebraska's is 5.84%. Omaha, NE has the lower rate.
What salary do I need in Omaha to match my New York income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology