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Cost of Living Comparison 2026

Is Omaha really cheaper than Milwaukee? With Milwaukee known for manufacturing, healthcare, and brewing and Omaha building its reputation in finance (Berkshire Hathaway), insurance, and agriculture, the cost of living gap tells an important story for anyone planning a move.

Data: HUD rent estimates, BLS cost of living

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Numbers update automatically as you type

Milwaukee, WI and Omaha, NE have similar living costs

$150.0K in your current city equals $150.0K in Omaha, NE

Rent data from HUD ZIP-level estimates · COL index from Milwaukee-Waukesha, WI area
Overall Cost
0.0%
Same cost
Monthly Impact
$0
No change
Annual Impact
$0
Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Milwaukee, WI

Population:577K
Cost Index:
100
100 = national average
Median Home:$219K

Omaha, NE

Population:486K
Cost Index:
100
(national average)
Median Home:$282K

Milwaukee, WI

The Badger State

577K
Population
State Tax
Yes

Located in Wisconsin, this city has a population of 577K residents.

Omaha, NE

The Cornhusker State

486K
Population
State Tax
Yes

Located in Nebraska, this city has a population of 486K residents.

Cost Breakdown by Category

Annual spending: Milwaukee, WI vs Omaha, NE

Housing
9.5%
Milwaukee, WI
$1,923
Omaha, NE
$2,105
Difference
$182
more
Transportation
11.7%
Milwaukee, WI
$1,407
Omaha, NE
$1,243
Difference
$164
less
All Utilities
7.5%
Milwaukee, WI
$508
Omaha, NE
$470
Difference
$38.25
less
Healthcare
5.2%
Milwaukee, WI
$719
Omaha, NE
$682
Difference
$37.17
less
Other
1.0%
Milwaukee, WI
$1,607
Omaha, NE
$1,624
Difference
$16.74
more
Groceries
1.0%
Milwaukee, WI
$959
Omaha, NE
$949
Difference
$9.99
less

🏠Rent Comparison

Studio
From$945
To$1,160
$215
1 Bed
From$1,035
To$1,220
$185
2 Bed
From$1,235
To$1,450
$215
3 Bed
From$1,520
To$1,920
$400
Milwaukee, WIZIP-level data

1BR range: $960$1,680/mo

Omaha, NEZIP-level data

1BR range: $960$1,720/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,123
Monthly in Milwaukee, WI
$7,073
Monthly in Omaha, NE
$50.68
Difference

Home Values

Milwaukee
Omaha
$219K
Median Value
$282K
↑ +3.9%
YoY Change
↑ +1.2%
↑ +44.6%
5-Year Change
↑ +31.7%
$85K - $529K
Price Range
$129K - $441K

Homes in Omaha are 29% more expensive than Milwaukee

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
$486
More taxes
Monthly Difference
$40.47
Less take-home
Effective Rate Diff
0.3%
Rate difference

Milwaukee, WI

Federal Income Tax
Effective: 18.9%
$25.5K
Wisconsin State Tax
Effective: 5.9%
$8.8K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 30.6%
$45.9K
Take-Home Pay
$8,678/month
$104.1K

Omaha, NE

Federal Income Tax
Effective: 18.9%
$25.5K
Nebraska State Tax
Effective: 6.2%
$9.3K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 30.9%
$46.3K
Take-Home Pay
$8,638/month
$103.7K

Additional Tax Information

Milwaukee, WI Tax Rates

Sales Tax:5.6%
Property Tax:1.8%

Omaha, NE Tax Rates

Sales Tax:7.0%
Property Tax:1.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Milwaukee
Omaha
43 Good
Air Quality
45 Good
68.6%
Good Air Days
63.7%
98 High
Climate Risk
96 High
🌊🌡🌪
Top Hazards
🌊🌡🌪
+3.3°F
2050 Outlook
+3.4°F
13 days
Heat Days >95°F
35 days
+3.3°F
2050 Outlook
+3.4°F
13 days
Heat Days >95°F
35 days

What to Consider When Moving from Milwaukee, WI to Omaha, NE

Relocating from Milwaukee, WI to Omaha, NE involves more than just comparing rent prices. While the overall cost of living is comparable between the two cities, your actual experience will depend on your lifestyle, job situation, and priorities. Here are the key factors to weigh before making the move.

Housing & Rent

Housing is typically the largest line item in any budget, and it’s where the biggest differences show up between cities. In this comparison, housing in Omaha, NE is 9% more expensive than in Milwaukee, WI. Keep in mind that neighborhood choice within a city can swing rent by 30–50%, so research specific areas — not just city averages — before signing a lease. If you’re buying, factor in property tax rates, which vary significantly by county and state.

Job Market & Salary Adjustments

A lower cost of living doesn’t help if your salary drops proportionally. Before committing to a move, research whether employers in Omaha, NE pay comparable wages for your role. Remote workers may keep their current salary, but some companies adjust pay based on location. Use the salary calculator above to see what you’d need to earn in Omaha, NE to match your current standard of living in Milwaukee, WI.

Taxes & Take-Home Pay

State income tax, property tax, and sales tax all affect how far your paycheck stretches. Some states have no income tax but make up for it with higher property or sales taxes. The tax comparison section above breaks down how your take-home pay would change. Don’t forget about vehicle registration fees, tolls, and other state-specific costs that add up over a year.

Quality of Life & Lifestyle Fit

Numbers only tell part of the story. Consider climate preferences, commute times, proximity to family, school quality if you have children, healthcare access, and the general “feel” of a city. A place that’s 15% cheaper might not be worth it if it means a longer commute or fewer amenities you value. If possible, visit Omaha, NE for a week before making a final decision — experiencing the day-to-day rhythm matters more than any spreadsheet.

Frequently Asked Questions: Milwaukee, WI vs Omaha, NE

Is Omaha, NE cheaper than Milwaukee, WI?

Milwaukee, WI and Omaha, NE have very similar costs of living, with less than 1% difference overall. Your monthly expenses would be roughly the same in either city.

What salary do I need in Omaha, NE to match my lifestyle in Milwaukee, WI?

If you currently earn $150,000 in Milwaukee, WI, you would need approximately $150,000 in Omaha, NE to maintain the same standard of living. This accounts for differences in housing, groceries, transportation, utilities, healthcare, and other typical expenses. Use the salary input above to adjust this based on your actual income.

How does rent compare between Milwaukee, WI and Omaha, NE?

A two-bedroom apartment averages $1,235/month in Milwaukee, WI compared to $1,450/month in Omaha, NE. One-bedroom apartments are $1,035/month in Milwaukee, WI vs $1,220/month in Omaha, NE. These are area-wide medians — specific neighborhoods can vary significantly. Check the ZIP-level rent breakdown above for more granular data.

Are groceries more expensive in Milwaukee, WI or Omaha, NE?

Groceries are about 1% cheaper in Omaha, NE than in Milwaukee, WI, saving a typical household roughly $9.99/month on food.

What is the best time to move from Milwaukee, WI to Omaha, NE?

Most people find that moving during the off-season (October through March) results in lower moving costs, since demand for movers and rental trucks drops. If you're renting, you may also find more negotiable lease terms during winter months. However, if you have school-age children, summer moves allow for a smoother school transition. For the best combination of availability and price, consider moving in early fall or late spring.

💰 See how taxes change too — compare take-home pay between Wisconsin and Nebraska on TaxTakeHome.com

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