Omaha, NE vs Newark, NJ: 80 vs 100

$1,150/mo ↓ 14%

Median Rent

$1,330/mo ↑ 16%

$72,708/yr ↑ 50%

Median Income

$48,416/yr ↓ 33%

$230,100 ↓ 32%

Home Value

$337,800 ↑ 47%

$1,249/mo ↓ 12%

Owner Costs

$1,419/mo ↑ 14%

488,197

Population

307,188

Detailed Comparison

When comparing Omaha, NE and Newark, NJ, the overall cost of living indices are 80 and 100 respectively (national median = 100). Rent is $180/month cheaper in Omaha, saving renters about $2,160/year.

Median household income is $24,292/year higher in Omaha. Home values also differ significantly — the median in Omaha is $230,100 compared to $337,800 in Newark.

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

Frequently Asked Questions

Omaha vs Newark — common questions

Is Omaha or Newark cheaper to live in?

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

What is the rent difference between Omaha and Newark?

Median rent in Omaha is $1,150/month and in Newark it's $1,330/month — a difference of $180/month.

Which city has higher income, Omaha or Newark?

Median household income is $72,708 in Omaha and $48,416 in Newark. Median household income is $24,292/year higher in Omaha.

How do taxes compare between Nebraska and New Jersey?

Nebraska has 6.64% income tax, 5.5% sales tax, and 1.73% property tax. New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax.

Should I move to Omaha or Newark?

It depends on your priorities. Omaha has a cost index of 80 with median rent of $1,150/mo, while Newark has a cost index of 100 with rent of $1,330/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Omaha, NE vs Newark, NJ (2026)

Omaha

Newark

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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