Omaha, NE vs Richmond, VA: 80 vs 98

$1,150/mo ↓ 12%

Median Rent

$1,314/mo ↑ 14%

$72,708/yr ↑ 16%

Median Income

$62,671/yr ↓ 14%

$230,100 ↓ 30%

Home Value

$328,100 ↑ 43%

$1,249/mo ↓ 9%

Owner Costs

$1,374/mo ↑ 10%

488,197

Population

227,595

Detailed Comparison

When comparing Omaha, NE and Richmond, VA, the overall cost of living indices are 80 and 98 respectively (national median = 100). Rent is $164/month cheaper in Omaha, saving renters about $1,968/year.

Median household income is $10,037/year higher in Omaha. Home values also differ significantly — the median in Omaha is $230,100 compared to $328,100 in Richmond.

Virginia has a lower income tax rate, making Richmond slightly more tax-friendly.

Frequently Asked Questions

Omaha vs Richmond — common questions

Is Omaha or Richmond cheaper to live in?

Based on our cost index, Omaha is cheaper to live in with an index of 80 compared to 98 (US average = 100).

What is the rent difference between Omaha and Richmond?

Median rent in Omaha is $1,150/month and in Richmond it's $1,314/month — a difference of $164/month.

Which city has higher income, Omaha or Richmond?

Median household income is $72,708 in Omaha and $62,671 in Richmond. Median household income is $10,037/year higher in Omaha.

How do taxes compare between Nebraska and Virginia?

Nebraska has 6.64% income tax, 5.5% sales tax, and 1.73% property tax. Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax.

Should I move to Omaha or Richmond?

It depends on your priorities. Omaha has a cost index of 80 with median rent of $1,150/mo, while Richmond has a cost index of 98 with rent of $1,314/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Omaha, NE vs Richmond, VA (2026)

Omaha

Richmond

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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