Omaha vs Albany

Category-by-Category Breakdown

Index values shown. National average = 100. Lower is cheaper.

💰 Salary Equivalence

To maintain the same standard of living:

See exact take-home pay: Nebraska salaries · New York salaries

Living in Omaha vs Albany

Housing is typically the biggest factor in any cost-of-living comparison. Omaha has a housing index of 76 while Albany sits at 93 (national average = 100). The median home in Omaha costs $230,000 compared to $220,000 in Albany, a difference of $10,000. Monthly rent follows a similar pattern: $1,100 in Omaha versus $1,200 in Albany.

Groceries and everyday expenses show a notable difference: Omaha scores 97 while Albany scores 102. Both cities are close to the national average for grocery costs.

Healthcare costs in Omaha (96) are lower than Albany (100). Both are close to the national average.

Median household income in Omaha is $59,612 compared to $43,098 in Albany. When adjusted for cost of living, income goes further in Omaha.

Relocating: Omaha vs Albany

If you are considering a move between Omaha (index: 90) and Albany (index: 99), the 9% cost difference has real implications for your budget. Omaha is the more affordable option, but the right choice depends on your income, career opportunities, and lifestyle priorities.

Housing budget reality: Using the 28% rule (spending no more than 28% of gross income on housing), the median household in Omaha can afford $1,391/month, while the median household in Albany can afford $1,006/month. With median homes at $230,000 in Omaha versus $220,000 in Albany, both cities offer reasonable homeownership opportunities at median income.

Renting vs buying: At $1,100/month in Omaha and $1,200/month in Albany, renters face similar costs in both cities. The rent-to-own ratio in each city determines whether renting or buying offers better value for your situation.

Income adjustment: A $75,000 salary goes further in Omaha where costs are 10% below the national average. Before accepting a job in either city, use the salary equivalence data above to understand what you would need to earn to maintain your current standard of living.

Reading These Numbers: Omaha (90) vs Albany (99)

The cost of living index uses 100 as the national average. Omaha at 90 is 10% below the US average, while Albany at 99 is 1% below average. There is a meaningful cost gap between these two cities that affects day-to-day budgeting.

A 9-point index spread separates Albany from Omaha, a moderate gap that adds up across monthly bills but is manageable with a typical dual-income household budget. The biggest category divergence is housing, where Omaha scores 76 and Albany scores 93. That 17-point gap is the primary driver of the overall cost difference between these two metros. Housing, the largest line item for most households, favors Omaha with indices of 76 versus 93. Median home prices of $230,000 in Omaha and $220,000 in Albany underscore this gap.

For renters: With median rents of $1,100/month in Omaha and $1,200/month in Albany, the annual rent difference is approximately $1,200. Over a 5-year period, that compounds to $6,000 in savings by choosing the more affordable city.

For homebuyers: The $10,000 difference in median home prices between Omaha and Albany translates to roughly $600 per month in mortgage payments at current rates. Factor this into your budget alongside property taxes and insurance, which also vary by location.

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