Quick facts: Omaha, NE

Quick Facts

96.5
Cost of Living
below US average
485,153
Population
40.15
Crime Rate per 1000
above US average
$70,202
Median Income
below US average
$20,656
Median House Price
above US average
$1509.21
Average Rent
above US average
13%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $70,202.

🏠

Income Needed to Buy

βœ“ Affordable
$6k/year
Based on $20,656 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($70,202) exceeds requirement
🏒

Income Needed to Rent

βœ“ Affordable
$65k/year
Based on $1509.21/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($70,202) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Omaha, NE

Omaha, Nebraska, is the largest city in the state and is known for its rich history and vibrant culture. Located along the Missouri River, Omaha is part of the Great Plains and offers a mix of urban and outdoor experiences. The city is famous for its pioneering role in the meatpacking industry and has evolved into a hub for finance, technology, and healthcare. Attractions in Omaha include the Henry Doorly Zoo and Aquarium, which is consistently rated as one of the top zoos in the world, and the Omaha Community Playhouse, one of the largest community theaters in the U.S. The Old Market district is a historic area filled with cobblestone streets, unique shops, art galleries, and restaurants that showcase the local culinary scene. Omaha is also home to several universities, such as the University of Nebraska at Omaha and Creighton University, contributing to a vibrant student population and a focus on education and research. With a diverse population, a strong sense of community, and a variety of annual events and festivals, Omaha offers a welcoming atmosphere and a dynamic place to live or visit.

πŸ” Search & Compare Places

First Location πŸ“