El Paso is 16% cheaper than Omaha.
When comparing El Paso, TX and Omaha, NE, the overall cost of living indices are 67 and 80 respectively (national median = 100). Rent is $109/month cheaper in El Paso, saving renters about $1,308/year.
Median household income is $13,974/year higher in Omaha. Home values also differ significantly — the median in El Paso is $171,700 compared to $230,100 in Omaha.
Texas has no state income tax, giving El Paso residents a significant tax advantage over Nebraska's 6.64% rate.
El Paso vs Omaha — common questions
Other cost of living comparisons for El Paso and Omaha