Omaha, NE vs Minneapolis, MN: 80 vs 102

$1,150/mo ↓ 13%

Median Rent

$1,329/mo ↑ 16%

$72,708/yr ↓ 9%

Median Income

$80,269/yr ↑ 10%

$230,100 ↓ 33%

Home Value

$345,600 ↑ 50%

$1,249/mo ↓ 17%

Owner Costs

$1,513/mo ↑ 21%

488,197

Population

426,845

Detailed Comparison

When comparing Omaha, NE and Minneapolis, MN, the overall cost of living indices are 80 and 102 respectively (national median = 100). Rent is $179/month cheaper in Omaha, saving renters about $2,148/year.

Median household income is $7,561/year higher in Minneapolis. Home values also differ significantly — the median in Omaha is $230,100 compared to $345,600 in Minneapolis.

Nebraska has a lower income tax rate, making Omaha slightly more tax-friendly.

Frequently Asked Questions

Omaha vs Minneapolis — common questions

Is Omaha or Minneapolis cheaper to live in?

Based on our cost index, Omaha is cheaper to live in with an index of 80 compared to 102 (US average = 100).

What is the rent difference between Omaha and Minneapolis?

Median rent in Omaha is $1,150/month and in Minneapolis it's $1,329/month — a difference of $179/month.

Which city has higher income, Omaha or Minneapolis?

Median household income is $72,708 in Omaha and $80,269 in Minneapolis. Median household income is $7,561/year higher in Minneapolis.

How do taxes compare between Nebraska and Minnesota?

Nebraska has 6.64% income tax, 5.5% sales tax, and 1.73% property tax. Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax.

Should I move to Omaha or Minneapolis?

It depends on your priorities. Omaha has a cost index of 80 with median rent of $1,150/mo, while Minneapolis has a cost index of 102 with rent of $1,329/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Omaha, NE vs Minneapolis, MN (2026)

Omaha

Minneapolis

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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