Cost of Living: Omaha, NE vs New York, NY

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 $4,116/mo in New York, NY. In the model, rent is about 16.77% of gross in Omaha, NE versus 25.92% in New York, NY, so Omaha, NE tends to feel more affordable for rent.

Take-home in Omaha, NE
$4,175/mo
Income level: near
Take-home in New York, NY
$4,116/mo
Income level: below
Rent share (1BR) in Omaha, NE
16.77%
COLI tier: lower-cost
Rent share (1BR) in New York, NY
25.92%
COLI tier: very high-cost

Compare cost of living, rent, housing prices, and salary affordability between Omaha, NE and New York, NY.

At a glance

  • Cheaper overall (lower cost-of-living index): Omaha, NE
  • Lower rent (median 1BR/2BR): Omaha, NE
  • Lower home prices: Omaha, NE
  • Higher median household income: New York, NY

Cost of Living Index

Omaha, NE: 87.2 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)

Omaha, NE has a lower cost-of-living index than New York, NY, so a given salary generally stretches further there.

Median Rent

Omaha, NE: $1,093/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo

Median rent in New York, NY is $597/mo higher than in Omaha, NE.

Median Home Price

Omaha, NE: $230,100 · New York, NY: $751,700

Median home price in New York, NY is $521,600 higher than in Omaha, NE.

Median Household Income

Omaha, NE: $72,708 · New York, NY: $79,713

New York, NY has a higher median household income than Omaha, NE by $7,005.

Omaha, NE overview · New York, NY overview · Popular comparisons