Cost of Living: Omaha, NE vs Independence, MO (2026)

Omaha

Nebraska
80
VS

Independence

Missouri
67

Omaha is 19% more expensive than Independence.

$1,150/mo ↑ 8%
Median Rent
$1,061/mo ↓ 8%
$72,708/yr ↑ 22%
Median Income
$59,480/yr ↓ 18%
$230,100 ↑ 38%
Home Value
$166,400 ↓ 28%
$1,249/mo ↑ 19%
Owner Costs
$1,046/mo ↓ 16%
488,197
Population
121,944

Tax Comparison

6.64%
Income Tax
4.95%
5.5%
State Sales Tax
4.225%
1.73%
Property Tax
0.93%

Affordability

19.0%
rent-to-income
Affordability
21.4%
rent-to-income

Detailed Comparison

When comparing Omaha, NE and Independence, MO, the overall cost of living indices are 80 and 67 respectively (national median = 100). Rent is $89/month cheaper in Independence, saving renters about $1,068/year.

Median household income is $13,228/year higher in Omaha. Home values also differ significantly — the median in Omaha is $230,100 compared to $166,400 in Independence.

Missouri has a lower income tax rate, making Independence slightly more tax-friendly.

Frequently Asked Questions

Omaha vs Independence — common questions

Is Omaha or Independence cheaper to live in?
Based on our cost index, Independence is cheaper to live in with an index of 67 compared to 80 (US average = 100).
What is the rent difference between Omaha and Independence?
Median rent in Omaha is $1,150/month and in Independence it's $1,061/month — a difference of $89/month.
Which city has higher income, Omaha or Independence?
Median household income is $72,708 in Omaha and $59,480 in Independence. Median household income is $13,228/year higher in Omaha.
How do taxes compare between Nebraska and Missouri?
Nebraska has 6.64% income tax, 5.5% sales tax, and 1.73% property tax. Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax.
Should I move to Omaha or Independence?
It depends on your priorities. Omaha has a cost index of 80 with median rent of $1,150/mo, while Independence has a cost index of 67 with rent of $1,061/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Omaha details → View Independence details →

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