Cost of Living: Omaha, NE vs Colorado Springs, CO (2026)

Omaha

Nebraska
80
VS

Colorado Springs

Colorado
119

Omaha is 39% cheaper than Colorado Springs.

$1,150/mo ↓ 26%
Median Rent
$1,562/mo ↑ 36%
$72,708/yr ↓ 13%
Median Income
$83,198/yr ↑ 14%
$230,100 ↓ 45%
Home Value
$420,700 ↑ 83%
$1,249/mo ↓ 22%
Owner Costs
$1,592/mo ↑ 27%
488,197
Population
483,099

Tax Comparison

6.64%
Income Tax
4.4%
5.5%
Sales Tax
2.9%
1.73%
Property Tax
0.51%

Affordability

19.0%
rent-to-income
Affordability
22.5%
rent-to-income

Detailed Comparison

When comparing Omaha, NE and Colorado Springs, CO, the overall cost of living indices are 80 and 119 respectively (national median = 100). Rent is $412/month cheaper in Omaha, saving renters about $4,944/year.

Median household income is $10,490/year higher in Colorado Springs. Home values also differ significantly — the median in Omaha is $230,100 compared to $420,700 in Colorado Springs.

Colorado has a lower income tax rate, making Colorado Springs slightly more tax-friendly.

Frequently Asked Questions

Omaha vs Colorado Springs — common questions

Is Omaha or Colorado Springs cheaper to live in?
Based on our cost index, Omaha is cheaper to live in with an index of 80 compared to 119 (US average = 100).
What is the rent difference between Omaha and Colorado Springs?
Median rent in Omaha is $1,150/month and in Colorado Springs it's $1,562/month — a difference of $412/month.
Which city has higher income, Omaha or Colorado Springs?
Median household income is $72,708 in Omaha and $83,198 in Colorado Springs. Median household income is $10,490/year higher in Colorado Springs.
How do taxes compare between Nebraska and Colorado?
Nebraska has 6.64% income tax, 5.5% sales tax, and 1.73% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Omaha or Colorado Springs?
It depends on your priorities. Omaha has a cost index of 80 with median rent of $1,150/mo, while Colorado Springs has a cost index of 119 with rent of $1,562/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Omaha details → View Colorado Springs details →