Memphis, TN vs Omaha, NE: 68 vs 80

$1,123/mo ↓ 2%

Median Rent

$1,150/mo ↑ 2%

$51,211/yr ↓ 30%

Median Income

$72,708/yr ↑ 42%

$157,100 ↓ 32%

Home Value

$230,100 ↑ 46%

$1,087/mo ↓ 13%

Owner Costs

$1,249/mo ↑ 15%

629,063

Population

488,197

Detailed Comparison

When comparing Memphis, TN and Omaha, NE, the overall cost of living indices are 68 and 80 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $21,497/year higher in Omaha. Home values also differ significantly — the median in Memphis is $157,100 compared to $230,100 in Omaha.

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

Frequently Asked Questions

Memphis vs Omaha — common questions

Is Memphis or Omaha cheaper to live in?

Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 80 (US average = 100).

What is the rent difference between Memphis and Omaha?

Median rent in Memphis is $1,123/month and in Omaha it's $1,150/month — a difference of $27/month.

Which city has higher income, Memphis or Omaha?

Median household income is $51,211 in Memphis and $72,708 in Omaha. Median household income is $21,497/year higher in Omaha.

How do taxes compare between Tennessee and Nebraska?

Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Nebraska has 6.64% income tax, 5.5% sales tax, and 1.73% property tax.

Should I move to Memphis or Omaha?

It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Omaha has a cost index of 80 with rent of $1,150/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Memphis, TN vs Omaha, NE (2026)

Memphis

Omaha

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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