Thinking about moving to Omaha?
You’ll be in good company. Between 2010 and 2016, more than 38,012 people have moved to Omaha, an increase of 9.3%. New residents are attracted to Omaha’s surging economy, family-friendly atmosphere, its low cost of living and high quality of life.
Omaha is a city that punches above its weight. It’s home to the ‘Fab Five’ Fortune 500 companies: ConAgra Foods, Union Pacific, Peter Kiewit Sons’, Mutual of Omaha, and of course Warren Buffet’s Berkshire Hathaway. But don’t think of Omahans as buttoned-up financiers: a tech startup scene has emerged, earning Omaha the nickname ‘Silicon Prairie.’ Add to that an indie music scene, craft breweries, and fantastic outdoor recreation, and Omaha has something for everyone.
Omaha is home to 446,970 Omahans. With an area of 127.1 square miles, Omaha has a population density of 3,517 persons per square mile, which makes it less dense than many other cities of comparable size.
The Omaha-Council Bluffs, NE-IA Metropolitan Statistical Area boasts a population of 924,129 people, of which Omaha proper’s population makes up 48%.
One of Omaha’s greatest strengths is its relatively affordable housing market. The median home value in Omaha is $155,000, -23% below the US median value, according to Zillow. The median price per square foot in Omaha is $113. Over the past 5 years, home values in Omaha have increased by 5%.
Renters in Omaha will also have an easy time finding affordable housing. The median rent in Omaha is $1,311 per month, which is 8% lower than the US median. Over the past year, rental rates in Omaha have increased by 1.6%.
The Omaha economy is on fire. The Omaha metro area’s GDP grew by 24% between 2010 and 2015, from $48 billion in 2010 to $59 billion in 2015, a total increase of $11 billion. The metro area has a per capita GDP of $63,941. According to the US Census Bureau, the median household income in Omaha, NE is $58,249, 19% higher than the national median. Omaha’s unemployment rate is 3.2%.