Is Omaha, NE cheaper than New York, NY?

Based on cost of living data, Omaha, NE is 45.8% cheaper than New York, NY. This translates to saving $3438 per month.

What salary do I need in Omaha, NE to live like I do in New York, NY?

If you earn $150,000 in New York, NY, you'd need approximately $108,750 in Omaha, NE to maintain the same standard of living.

How does housing cost compare between New York, NY and Omaha, NE?

Housing in Omaha, NE is 72.5% cheaper than in New York, NY. For a two-bedroom apartment, rent is $1,450/month in Omaha, NE compared to $3,590/month in New York, NY.

How much can I save per month by moving from New York, NY to Omaha, NE?

Moving from New York, NY to Omaha, NE could save you approximately $3438 per month, or $41250 per year, based on a $150,000 salary.

MoveNumbers

New York, NY

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Omaha, NE

Cost of Living Comparison 2026

Current salary in New York, NY

Numbers update automatically as you type

You'd save $3.4K/month moving to Omaha, NE

$150.0K in your current city equals $108.8K in Omaha, NE

Rent data from HUD ZIP-level estimates · COL index from New York-Newark-Jersey City, NY-NJ-PA area

Overall Cost

↓ 45.8%

Less expensive

Monthly Impact

$3,438

Savings

Annual Impact

$41.3K

Per year

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

New York, NY

Population:8337K

Cost Index:100

Median Home:$1.05M

Omaha, NE

Population:486K

Cost Index:54

Median Home:$282K

New York, NY

The Empire State

8.3M

Population

State Tax

Yes

Climate

Humid subtropical

Notable Facts

•Most populous city in the US
•Major global financial center
•World-renowned cultural hub

Major Industries

FinanceReal EstateTechnologyMedia

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: New York, NY vs Omaha, NE

Category	New York, NY	Omaha, NE	Difference	Change
🏠Housing	$7,648/mo	$2,105/mo	↓ $5,543less	72.5%
📦Other	$2,034/mo	$1,624/mo	↓ $410less	20.2%
🚗Transportation	$1,602/mo	$1,243/mo	↓ $359less	22.4%
🛒Groceries	$1,165/mo	$949/mo	↓ $216less	18.5%
⚡All Utilities	$600/mo	$470/mo	↓ $130less	21.7%
🏥Healthcare	$688/mo	$682/mo	↓ $6.20less	0.9%

🏠Housing

↓ 72.5%

New York, NY

$7,648

Omaha, NE

$2,105

Difference

$5,543

less

📦Other

↓ 20.2%

New York, NY

$2,034

Omaha, NE

$1,624

Difference

$410

less

🚗Transportation

↓ 22.4%

New York, NY

$1,602

Omaha, NE

$1,243

Difference

$359

less

🛒Groceries

↓ 18.5%

New York, NY

$1,165

Omaha, NE

$949

Difference

$216

less

⚡All Utilities

↓ 21.7%

New York, NY

$600

Omaha, NE

$470

Difference

$130

less

🏥Healthcare

↓ 0.9%

New York, NY

$688

Omaha, NE

$682

Difference

$6.20

less

🏛️ Local Income Taxes

New York, NY: NYC Income Tax$5,689/yr (3.8%)

Omaha, NE has no local income tax.

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

🏠Rent Comparison

Studio

From$3,120

To$1,160

↓ $1,960

1 Bed

From$3,270

To$1,220

↓ $2,050

2 Bed

From$3,590

To$1,450

↓ $2,140

3 Bed

From$4,500

To$1,920

↓ $2,580

New York, NYZIP-level data

1BR range: $2,260–$3,990/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.

$13,737

Monthly in New York, NY

$7,073

Monthly in Omaha, NE

$6,665

Difference

Home Values

New York

Omaha

$1.05M

Median Value

$282K

↓ -0.1%

YoY Change

↑ +1.2%

↓ -5.9%

5-Year Change

↑ +31.7%

$471K - $3.49M

Price Range

$129K - $441K

Homes in Omaha are 73% less expensive than New York

Calculate payment - New York Calculate payment - Omaha

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $207

Per year

Monthly Difference

$17.28

More take-home

Effective Rate Diff

0.1%

Rate difference

New York, NY

Federal Income Tax

Effective: 18.9%

$25.5K

New York State Tax

Effective: 6.4%

$9.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.0%

$46.6K

Take-Home Pay

$8,620/month

$103.4K

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

New York, NY Tax Rates

Sales Tax:8.8%

Property Tax:1.2%

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.