Omaha, NE vs Palm Bay, FL: 80 vs 91

$1,150/mo ↓ 23%

Median Rent

$1,487/mo ↑ 29%

$72,708/yr ↑ 8%

Median Income

$67,521/yr ↓ 7%

$230,100 ↓ 7%

Home Value

$248,000 ↑ 8%

$1,249/mo ↑ 4%

Owner Costs

$1,203/mo ↓ 4%

488,197

Population

125,273

Detailed Comparison

When comparing Omaha, NE and Palm Bay, FL, the overall cost of living indices are 80 and 91 respectively (national median = 100). Rent is $337/month cheaper in Omaha, saving renters about $4,044/year.

Median household income is $5,187/year higher in Omaha. Home values also differ significantly — the median in Omaha is $230,100 compared to $248,000 in Palm Bay.

Florida has no state income tax, giving Palm Bay residents a significant tax advantage over Nebraska's 6.64% rate.

Frequently Asked Questions

Omaha vs Palm Bay — common questions

Is Omaha or Palm Bay cheaper to live in?

Based on our cost index, Omaha is cheaper to live in with an index of 80 compared to 91 (US average = 100).

What is the rent difference between Omaha and Palm Bay?

Median rent in Omaha is $1,150/month and in Palm Bay it's $1,487/month — a difference of $337/month.

Which city has higher income, Omaha or Palm Bay?

Median household income is $72,708 in Omaha and $67,521 in Palm Bay. Median household income is $5,187/year higher in Omaha.

How do taxes compare between Nebraska and Florida?

Nebraska has 6.64% income tax, 5.5% sales tax, and 1.73% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.

Should I move to Omaha or Palm Bay?

It depends on your priorities. Omaha has a cost index of 80 with median rent of $1,150/mo, while Palm Bay has a cost index of 91 with rent of $1,487/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Omaha, NE vs Palm Bay, FL (2026)

Omaha

Palm Bay

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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