Cost of Living: Omaha, NE vs Chicago, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,175/mo in Omaha, NE versus $4,227/mo in Chicago, IL. In the model, rent is about 16.77% of gross in Omaha, NE versus 20.28% in Chicago, IL, so Omaha, NE tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Omaha, NE and Chicago, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Omaha, NE
- Lower rent (median 1BR/2BR): Omaha, NE
- Lower home prices: Chicago, IL
- Higher median household income: Omaha, NE
Cost of Living Index
Omaha, NE: 87.2 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Omaha, NE has a lower cost-of-living index than Chicago, IL, so a given salary generally stretches further there.
Median Rent
Omaha, NE: $1,093/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in Chicago, IL is $230/mo higher than in Omaha, NE.
Median Home Price
Omaha, NE: $230,100 · Chicago, IL: $147,800
Median home price in Omaha, NE is $82,300 higher than in Chicago, IL.
Median Household Income
Omaha, NE: $72,708 · Chicago, IL: $56,815
Omaha, NE has a higher median household income than Chicago, IL by $15,893.
Omaha, NE overview · Chicago, IL overview · Popular comparisons