Side-by-side cost of living comparison for 2026
Milwaukee and Omaha have very similar costs of living, with less than a 3% difference overall.
Index values shown. National average = 100. Lower is cheaper.
To maintain the same standard of living:
See exact take-home pay: Wisconsin salaries · Nebraska salaries
Housing is typically the biggest factor in any cost-of-living comparison. Milwaukee has a housing index of 80 while Omaha sits at 76 (national average = 100). The median home in Milwaukee costs $175,000 compared to $230,000 in Omaha, a difference of $55,000. Monthly rent follows a similar pattern: $1,100 in Milwaukee versus $1,100 in Omaha.
Groceries and everyday expenses show a narrower gap: Milwaukee scores 100 while Omaha scores 97. Both cities are close to the national average for grocery costs.
Healthcare costs in Milwaukee (102) are higher than Omaha (96). Both are close to the national average.
Median household income in Milwaukee is $44,044 compared to $59,612 in Omaha. When adjusted for cost of living, purchasing power is similar in both cities.
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