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Cost & Benefits

Compare / Minneapolis to Omaha

Minneapolis, MN vs Omaha, NE

Simple answer

You'd likely save $284 a month in Omaha.

This is the HUD 2-bedroom fair-market rent for October 2026 through September 2027. It is not your lease.

The largest cost gap in this pair is housing prices. The BEA housing price parity differs by 25.4 points (Minneapolis 111.8, Omaha 86.4).

Minnesota taxes wages at rates up to 9.85%. Nebraska taxes wages at rates up to 4.55%. Combined sales tax differs by 1.2 percentage points, higher in Minnesota. The effective property tax gap is 0.41 percentage points, higher in Nebraska.

After a move from Minnesota to Nebraska, those two example households keep the same benefit status labels. A different income can still split Medicaid and marketplace credits.

A $75,000 salary in Minneapolis lines up with about $65,762 in Omaha on the 2024 all-items price parity. Census median gross rent and the commute figures are 2024. Fair Market Rents are fiscal year 2027.

Minneapolis

Minneapolis-St. Paul-Bloomington, MN-WI

2-bedroom Fair Market Rent
$1,734
HUD area
Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
Census median gross rent
$1,444
All-items price parity
104.8
Goods price parity
103.1
Utilities price parity
93.5
Mean commute
24.1 min
Median household income
$97,928

Omaha

Omaha, NE-IA

2-bedroom Fair Market Rent
$1,450
HUD area
Omaha-Council Bluffs, NE-IA HUD Metro FMR Area
Census median gross rent
$1,230
All-items price parity
91.9
Goods price parity
94.1
Utilities price parity
76.4
Mean commute
21.4 min
Median household income
$84,524

Equivalent salary

The first number keeps the same place in the national price level. The second also runs 2026 federal income tax, employee Social Security and Medicare, and a simplified state income tax. Groceries use the BEA goods price parity, not a grocery receipt.

Same buying power

$65,762

Salary in Omaha that matches the 2024 all-items regional price parity.

After state and federal tax

$63,075

Gross salary in Omaha whose after-tax pay buys the same basket, using price parities.

Rent only

$62,716

Scales the salary by the ratio of HUD 2-bedroom Fair Market Rents. Rent is not the whole budget.

Taxes on the two sides of the move

TaxMinnesotaNebraska
State income tax on wagesup to 9.85%up to 4.55%
Combined sales tax, Jan 1, 20268.1%7.0%
Effective property tax, ACS 2024 median / median1.02%1.42%

On a $400,000 home, the state median effective rate implies about $4,064 a year in Minnesota and $5,685 in Nebraska. That illustration is not a local bill. Childcare prices are not in the verified dataset for these metros.

Benefits if you land in Nebraska

Same household, $40,000 a year, scored once in Minnesota and once in Nebraska. This is an illustration, not your application.

  • Food stamps (SNAP)

    MinneapolisLikely eligible

    OmahaLikely eligible

  • Medicaid and CHIP

    MinneapolisLikely eligible

    OmahaLikely eligible

  • WIC

    MinneapolisLikely eligible

    OmahaLikely eligible

  • School meals

    MinneapolisLikely eligible

    OmahaLikely eligible

  • LIHEAP

    MinneapolisMaybe

    OmahaMaybe

  • Earned Income Tax Credit

    MinneapolisLikely eligible

    OmahaLikely eligible

  • Child Tax Credit

    MinneapolisLikely eligible

    OmahaLikely eligible

  • Marketplace premium tax credits

    MinneapolisUnlikely

    OmahaUnlikely

  • Lifeline phone and internet

    MinneapolisLikely eligible

    OmahaLikely eligible

  • SSI

    MinneapolisUnlikely

    OmahaUnlikely

At $40,000 the status labels match. A single adult around $18,000 is where Medicaid expansion and the marketplace coverage gap usually split.

Medicaid guide for Nebraska · SNAP guide

Related comparisons

From Minneapolis

The eight largest 2-bedroom Fair Market Rent gaps from Minneapolis.

Nearby metros

How the salary and tax math works · The reverse city order redirects to this address.