Living Cost Compare
New York City

New York

$1,990/mo est.

vs
Omaha

Nebraska

$1,120/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $1,990 in New York City, NY versus $1,120 in Omaha, NE. Overall, Omaha, NE is roughly 44% cheaper to live in day-to-day than New York City, NY, driven mainly by rent.

Median household income is $79,713 in New York City, NY and $72,708 in Omaha, NE — about 9% higher in New York City, NY. New York has a top state income tax rate of 10.90% and a 4% state sales tax; Nebraska has a top state income tax rate of 4.55% and a 5.5% state sales tax.

Rent

Studio
$1,633
$908
+44% in New York City, NY
1 Bedroom
$1,705
$984
+42% in New York City, NY
2 Bedroom
$1,781
$1,193
+33% in New York City, NY
3 Bedroom
$2,065
$1,437
+30% in New York City, NY

Buying a Home

Median Home Value
$751,700
$230,100
+69% in New York City, NY

Income

Median Household Income
$79,713
$72,708
+9% in New York City, NY
Metro Median Wage (annual)
$61,430
$49,660
+19% in New York City, NY

People & Lifestyle

Median Age
38.0 yr
35.3 yr
+2.7 yr in New York City, NY
Homeownership
32.8%
57.7%
+24.9 pp in Omaha, NE
Bachelor's+ (25+)
41.0%
40.3%
+0.7 pp in New York City, NY
Avg Commute
40.6 min
19.6 min
+21.0 min in New York City, NY

Crime (per 100k/yr)

Violent Crime
690.9
358.6
+48% in New York City, NY
Property Crime
2,413.5
3,153
+31% in Omaha, NE

FBI Crime Data Explorer. Offenses per 100,000 residents per year; agency reporting practices vary, so this is approximate.

Climate

Avg Annual Temperature
55.0°F
51.1°F
+3.9°F in New York City, NY
Annual Precipitation
49.9 in
30.6 in
+19.3 in in New York City, NY

Gas

Regular Gasoline
$4.44/gal
$4.35/gal
+2% in New York City, NY

Area: New York City vs Midwest (PADD 2).

Public Transit

Base Fare (one-way)
$3.00
$1.25
+58% in New York City, NY

Adult base one-way fare — MTA vs Metro Transit (Omaha) (2026).

Utilities

Electricity (¢/kWh)
28.6
13.1
+54% in New York City, NY
Natural Gas ($/MCF)
$18.90
$12.06
+36% in New York City, NY

Residential, state-level averages (EIA). MCF = 1,000 cubic feet.

Groceries

Milk (gal)
$4.14
$4.14
about equal
Bread (lb)
$1.92
$1.79
+7% in New York City, NY
Eggs (doz)
$2.25
$3.63
+61% in Omaha, NE
Ground Beef (lb)
$6.90
$6.97
+1% in Omaha, NE
Chicken (lb)
$2.02
$2.15
+6% in Omaha, NE
Bananas (lb)
$0.68
$0.63
+7% in New York City, NY

Average prices — Northeast vs Midwest (BLS). Regional where available, otherwise U.S. average.

State Taxes

Sales Tax (NY / NE)
4%
5.5%
+1.5 pp in NE
Income Tax (top rate)
10.90%
4.55%
+6.4 pp in NY

New York City vs Omaha — FAQ

Is it cheaper to live in New York City or Omaha?
Omaha, NE is cheaper. Its monthly baseline of $1,120 (1BR rent + utilities) runs about 44% below New York City, NY's $1,990, mainly because of rent.
How much more do you need to earn to live in New York City than in Omaha?
To keep rent near the recommended 30% of gross income, you'd want to earn roughly $68,000 a year in New York City versus $39,000 in Omaha.
Which has lower taxes, New York City or Omaha?
New York City is taxed under New York's rules (a top state income tax rate of 10.90% and a 4% state sales tax); Omaha under Nebraska's (a top state income tax rate of 4.55% and a 5.5% state sales tax).

Sources: US Census Bureau, ACS 5-Year (rent, income, home value, demographics); NOAA Climate Normals 1981–2010 (climate); EIA weekly retail (gas); Tax Foundation 2026 (state taxes).