Cost of Living: Lincoln, NE vs Richardson, TX (2026)

Lincoln

Nebraska
77
VS

Richardson

Texas
128

Lincoln is 40% cheaper than Richardson.

$1,045/mo ↓ 43%
Median Rent
$1,825/mo ↑ 75%
$69,991/yr ↓ 27%
Median Income
$96,257/yr ↑ 38%
$248,200 ↓ 39%
Home Value
$405,600 ↑ 63%
$1,140/mo ↓ 37%
Owner Costs
$1,796/mo ↑ 58%
291,932
Population
118,269

Tax Comparison

6.64%
Income Tax
0%
5.5%
State Sales Tax
6.25%
1.73%
Property Tax
1.6%

Affordability

17.9%
rent-to-income
Affordability
22.8%
rent-to-income

Detailed Comparison

When comparing Lincoln, NE and Richardson, TX, the overall cost of living indices are 77 and 128 respectively (national median = 100). Rent is $780/month cheaper in Lincoln, saving renters about $9,360/year.

Median household income is $26,266/year higher in Richardson. Home values also differ significantly — the median in Lincoln is $248,200 compared to $405,600 in Richardson.

Texas has no state income tax, giving Richardson residents a significant tax advantage over Nebraska's 6.64% rate.

Frequently Asked Questions

Lincoln vs Richardson — common questions

Is Lincoln or Richardson cheaper to live in?
Based on our cost index, Lincoln is cheaper to live in with an index of 77 compared to 128 (US average = 100).
What is the rent difference between Lincoln and Richardson?
Median rent in Lincoln is $1,045/month and in Richardson it's $1,825/month — a difference of $780/month.
Which city has higher income, Lincoln or Richardson?
Median household income is $69,991 in Lincoln and $96,257 in Richardson. Median household income is $26,266/year higher in Richardson.
How do taxes compare between Nebraska and Texas?
Nebraska has 6.64% income tax, 5.5% sales tax, and 1.73% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Lincoln or Richardson?
It depends on your priorities. Lincoln has a cost index of 77 with median rent of $1,045/mo, while Richardson has a cost index of 128 with rent of $1,825/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Lincoln details → View Richardson details →

More Comparisons

Other cost of living comparisons for Lincoln and Richardson

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