Cost of Living in Nebraska — Housing, Taxes & Everyday Expenses
Affordable Midwest, Omaha finance hub, low housing
Data: 2026-Q2 · BLS · HUD · KFFOverview
Nebraska offers affordable living with Omaha serving as a significant financial and insurance center. Warren Buffett's Berkshire Hathaway is headquartered in Omaha.
Housing costs
Median 1BR rent in Omaha is approximately $1,000-$1,100. Lincoln is similar. Smaller Nebraska cities are significantly more affordable.
Tax reality
5.2% top rate effective 2025 (Tax Foundation; reducing to 3.99% by 2027)
Everyday expenses
At a cost of living index of 90, Nebraska is about 10% cheaper than the national average of 100. Nebraska's low housing costs provide solid purchasing power despite a moderate income tax rate.
Salary reality in Nebraska
Cost of Living in Nebraska — FAQ
Is Nebraska affordable?
Yes. Nebraska has a cost of living index of 90, about 10% below the national average.
What is Nebraska's income tax rate?
Nebraska has a top income tax rate of 6.64%, with reductions planned in coming years.