City comparison
Minneapolis, MN vs Omaha, NE
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Prices in Minneapolis, MN are 14.0% higher than in Omaha, NE. Someone earning $100,000 in Omaha, NE would need about $114,000 in Minneapolis, MN to live the same way.
- Rent is the bigger story: a typical 1-bedroom costs $1,405 a month in Minneapolis, MN versus $1,148 in Omaha, NE. On $100,000, that's 23% of take-home pay in Minneapolis, MN and 18% in Omaha, NE.
- On $100,000, estimated state income tax is about $1,606 a year higher in Minneapolis, MN than in Omaha, NE.
- For federal employees, locality pay changes a GS-13 step 1 salary by −7.4% moving from Minneapolis, MN to Omaha, NE ($116,038 → $107,501), while prices change by −12.3%. Net effect of the transfer: +5.7% in real buying power.
- Minneapolis, MN: price level 104.8 (pricier)
- Omaha, NE: price level 91.9 (much cheaper)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Minneapolis, MN | Omaha, NE | |
|---|---|---|
| Price level (U.S. = 100)2 | 104.8 | 91.9 |
| $100,000 is worth, in the other city2 | $87,683 in Omaha | $114,047 in Minneapolis |
| Typical 1-bedroom rent3 | $1,405/mo | $1,148/mo |
| Take-home on $100,00014,15,8 | $73,903 | $75,510 |
| State income tax on $100,000 (estimate)8 | $5,277 (MN) | $3,670 (NE) |
| Rent burden on $100,000 | 23% | 18% |
| Median pay, all jobs4 | $59,320 | $49,660 |
| Federal locality pay area7 | Minneapolis-St. Paul, MN-WI | Omaha-Council Bluffs-Fremont, NE-IA |
Rent areas: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area and Omaha-Council Bluffs, NE-IA HUD Metro FMR Area. Metro areas: Minneapolis-St. Paul-Bloomington, MN-WI and Omaha, NE-IA.
What costs more or less
| Price level (U.S. = 100) | Minneapolis | Omaha |
|---|---|---|
| Housing (rent) | 111.8 | 86.4 |
| Goods | 103.1 | 94.1 |
| Utilities | 93.5 | 76.4 |
| Other services | 104.4 | 93.0 |
| Overall | 104.8 | 91.9 |
Moving with the same $100,000 salary
Minneapolis, MN → Omaha, NE
Same pay goes further
Buying power +14.0%; rent takes 18% of take-home; state tax −$1,606/yr.
100 Strong offer
Omaha, NE → Minneapolis, MN
Same pay buys less
Buying power −12.3%; rent takes 23% of take-home; state tax +$1,606/yr.
38 Weak offer
On the GS pay scale?
Minneapolis, MN is in the Minneapolis-St. Paul, MN-WI pay area; Omaha, NE is in Omaha-Council Bluffs-Fremont, NE-IA. The last column shows what a transfer from Minneapolis, MN to Omaha, NE at the same grade and step does to real buying power.
| Grade5,2 | Minneapolis, MN | Omaha, NE | Real change, Minneapolis → Omaha |
|---|---|---|---|
| GS-9 step 1 | $67,290 | $62,339 | +5.7% |
| GS-11 step 1 | $81,415 | $75,425 | +5.7% |
| GS-12 step 1 | $97,582 | $90,402 | +5.7% |
| GS-13 step 1 | $116,038 | $107,501 | +5.7% |
| GS-14 step 1 | $137,123 | $127,033 | +5.7% |
Pay for common jobs
| Median annual pay4 | Minneapolis, MN | Omaha, NE | Omaha pay in Minneapolis dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $79,730 | $62,670 | $71,473 (−10.4%) |
| Software Developers | $130,920 | $125,220 | $142,810 (+9.1%) |
| Accountants and Auditors | $86,500 | $77,030 | $87,851 (+1.6%) |
| Registered Nurses | $103,040 | $84,600 | $96,484 (−6.4%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.