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City Comparison · 2026

Omaha vs Chicago

Salary, rent, taxes, and purchasing power compared

Purchasing Power

$100k in Omaha = $145k in Chicago

Metric
Omaha
Chicago
COL Index
0.95
1.38
1BR Monthly Rent
$1,200/mo
$2,000/mo
2BR Monthly Rent
$1,500/mo
$2,600/mo
State Income Tax
NE
IL
$100k Take-Home
$73,564
$73,786
$100k Effective Rate
26.44%
26.21%
$100k Savings Potential
$59,164
$49,786

After-Tax Income by Salary

Gross SalaryOmaha
NE
Chicago
IL
$60,000$47,412
$3,951/mo · 20.98% eff.
$47,278
$3,940/mo · 21.2% eff.
$100,000$73,564
$6,130/mo · 26.44% eff.
$73,786
$6,149/mo · 26.21% eff.
$150,000$105,186
$8,766/mo · 29.88% eff.
$105,853
$8,821/mo · 29.43% eff.

Frequently Asked Questions

Is Omaha or Chicago cheaper to live in?

Omaha has a cost-of-living index of 0.95 while Chicago is 1.38 (1.00 = US average). Omaha is cheaper overall. 1BR rent in Omaha is $1,200/month vs $2,000/month in Chicago.

How much more do you need to earn in Chicago vs Omaha?

$100k in Omaha = $145k in Chicago. Cost of living in Chicago is higher by 45.3%.

Which city has better after-tax income — Omaha or Chicago?

On a $100,000 salary, you take home $73,564 in NE (Omaha) and $73,786 in IL (Chicago). After accounting for rent, your annual savings potential is $59,164 in Omaha vs $49,786 in Chicago.