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Cost of Living: Minneapolis, MN vs Omaha, NE

A data-driven comparison of housing, groceries, transportation, taxes, job market and more. See which city gives you more for your money.

12.5% Omaha, NE is cheaper overall
24.1% 24.1% cheaper housing
5.9% 5.9% cheaper groceries
Updated April 2026 · Data: Bureau of Labor Statistics, U.S. Census Bureau National average = 100

At a Glance

🏠 Housing 24.1% cheaper
Minneapolis
108
Omaha
82
🛒 Groceries 5.9% cheaper
Minneapolis
101
Omaha
95
🚗 Transportation 9.4% cheaper
Minneapolis
106
Omaha
96
🏥 Healthcare 4.0% cheaper
Minneapolis
100
Omaha
96
⚡ Utilities ~Same
Minneapolis
95
Omaha
96

Detailed Breakdown

Category Minneapolis, MN Omaha, NE Difference
Overall Cost Index1049112.5% less
Housing1088224.1% less
Median 1BR Rent$1,350$1,05022.2% less
Median Home Price$330,000$240,00027.3% less
Groceries101955.9% less
Transportation106969.4% less
Healthcare100964.0% less
Utilities9596~Same

Tax Comparison

Tax Type Minneapolis, MN Omaha, NE
State Income Tax9.85% (top)5.84% (top)
State Sales Tax6.88%5.50%
Avg Property Tax Rate1.02%1.54%
Estate / Inheritance TaxYesNone

What You'd Need to Earn

Minneapolis, MN
$76,000
Median household income
Omaha, NE
$66,000
Median household income
⚠️ Heads up: Omaha costs more but median income is lower. You may need to earn more to maintain the same standard of living.

Salary Equivalent Calculator

Find out what you'd need to earn in Omaha to maintain your Minneapolis lifestyle.

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Based on overall cost index: Minneapolis (104) vs Omaha (91). This is an estimate for comparison purposes.

Job Market Snapshot

Unemployment Rate
Minneapolis3.2%
Omaha3.0%
Job Growth (YoY)
Minneapolis2.5%
Omaha2.6%
Top Industries
MinneapolisHealthcare, Finance, Retail
OmahaFinance, Insurance, Agriculture

Quality of Life

Avg Commute
Minneapolis25 min
Omaha20 min
Walk Score
Minneapolis69
Omaha38
Air Quality (AQI)
Minneapolis36
Omaha38
Avg Temperature
Minneapolis45°F
Omaha51°F
Population
Minneapolis425,336
Omaha486,051

Moving from Minneapolis to Omaha?

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Planning Your Move?

Here are some helpful resources if you're considering relocating.

🏠 Find ApartmentsBrowse rentals in Minneapolis and Omaha → 🚚 Get Moving QuotesCompare prices from top movers → 📈 Check Home ValuesSee real estate trends in both cities → 💼 Search JobsFind open positions in Omaha →

Compare Other Cities

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Frequently Asked Questions

Is Minneapolis or Omaha cheaper to live in?+
Omaha is the more affordable option overall. The biggest difference is in housing costs, where the gap is about 24.1%. Day-to-day expenses like groceries and transportation are closer between the two cities.
How much is rent in Minneapolis vs Omaha?+
A typical one-bedroom apartment costs around $1,350/month in Minneapolis and $1,050/month in Omaha — a difference of about $300 per month.
Which city has lower taxes, Minneapolis or Omaha?+
Minnesota has a state income tax of 9.85% (top) and sales tax of 6.88%. Nebraska has a state income tax of 5.84% (top) and sales tax of 5.50%. Consider all tax types together when evaluating total tax burden, as states with no income tax often compensate with higher sales or property taxes.
Can I afford to move from Minneapolis to Omaha?+
Median household income in Minneapolis is $76,000 compared to $66,000 in Omaha. Use the salary calculator above to see what you'd need to earn to maintain your current standard of living.
What about buying a home in Minneapolis vs Omaha?+
The median home price in Minneapolis is $330,000 versus $240,000 in Omaha — a difference of $90,000. Property tax rates also differ: Minnesota averages 1.02% while Nebraska averages 1.54%.