Chicago, IL vs Omaha, NE
Cost of living comparison · 2023 Census ACS data
Quick Summary
Housing in Chicago runs about 27% above Omaha, but Chicago earns more at the median (3% higher), partly offsetting the cost difference — the standard tradeoff between cost and earnings that shapes most US city-to-city moves.
Median Home Value
$315,200
$230,100 ✓
Zillow Home Value
$312,456
$288,850
Median Gross Rent
$1,380/mo
$1,150/mo ✓
Owner Occupied %
45.5%
57.7%
Price-to-Rent Ratio
19.0x
16.7x
Median Household Income
$75,134 ✓
$72,708
Per Capita Income
$48,148
$42,515
Unemployment Rate
7.9%
4.2% ✓
Poverty Rate
16.8%
12.8%
Avg Commute (min)
36.7 min
21.2 min
Drove Alone %
46.0%
73.3%
Public Transit %
19.3%
1.1%
Work From Home %
18.3%
13.6%
State Income Tax
5.0%
5.8%
Total Sales Tax
8.7%
6.9% ✓
Property Tax Rate
2.2%
1.7%
Bachelor's Degree %
24.9%
25.6%
Median Age
35.7
35.3
Avg High Temp
60.3°F
—
Annual Precipitation
34.4"
33.1"
Chicago, IL 1 wins
- ✓Median Household Income
Omaha, NE 4 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Total Sales Tax
- ✓Unemployment Rate
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