Cost of Living: Omaha, NE vs Anchorage, AK (2026)

Omaha

Nebraska
80
VS

Anchorage

Alaska
113

Omaha is 29% cheaper than Anchorage.

$1,150/mo ↓ 21%
Median Rent
$1,453/mo ↑ 26%
$72,708/yr ↓ 26%
Median Income
$98,152/yr ↑ 35%
$230,100 ↓ 39%
Home Value
$375,900 ↑ 63%
$1,249/mo ↓ 26%
Owner Costs
$1,698/mo ↑ 36%
488,197
Population
289,069

Tax Comparison

6.64%
Income Tax
0%
5.5%
State Sales Tax
0%
1.73%
Property Tax
1.04%

Affordability

19.0%
rent-to-income
Affordability
17.8%
rent-to-income

Detailed Comparison

When comparing Omaha, NE and Anchorage, AK, the overall cost of living indices are 80 and 113 respectively (national median = 100). Rent is $303/month cheaper in Omaha, saving renters about $3,636/year.

Median household income is $25,444/year higher in Anchorage. Home values also differ significantly — the median in Omaha is $230,100 compared to $375,900 in Anchorage.

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

Frequently Asked Questions

Omaha vs Anchorage — common questions

Is Omaha or Anchorage cheaper to live in?
Based on our cost index, Omaha is cheaper to live in with an index of 80 compared to 113 (US average = 100).
What is the rent difference between Omaha and Anchorage?
Median rent in Omaha is $1,150/month and in Anchorage it's $1,453/month — a difference of $303/month.
Which city has higher income, Omaha or Anchorage?
Median household income is $72,708 in Omaha and $98,152 in Anchorage. Median household income is $25,444/year higher in Anchorage.
How do taxes compare between Nebraska and Alaska?
Nebraska has 6.64% income tax, 5.5% sales tax, and 1.73% property tax. Alaska has 0% income tax, 0% sales tax, and 1.04% property tax.
Should I move to Omaha or Anchorage?
It depends on your priorities. Omaha has a cost index of 80 with median rent of $1,150/mo, while Anchorage has a cost index of 113 with rent of $1,453/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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