Median Income
$54,107
household / year
Median Home Value
$47,500
owner-occupied
Median Rent
$575
gross / month
Cost of Living
85
national avg = 100

Is Omaha, IL a Good Place to Live?

Omaha is a small town of 235 in Illinois, with a median household income of $54,107 and a 4.5% unemployment rate. Its cost of living index is 85 (US average = 100), which is 15% below the national average.

Strengths: Omaha stands out for an affordable cost of living, below-average home prices.

Trade-offs: No major red flags stand out in the available data. Whether Omaha is right for you depends on your priorities — the full breakdown is below.

All Omaha city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 85.1

Omaha's overall cost of living index is 85.1, where 100 represents the US national average. Living in Omaha costs roughly 15% less than the average American city.

Metric Omaha, IL National Avg
Median Home Value $47,500 $244,900
Median Monthly Rent $575 $1,163
Homeownership Rate 76.9% 65.9%
Median Household Income $54,107 $74,755

Crime & Safety

Crime data for Omaha is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.

Schools & Education

Metric Omaha, IL National Avg
School District N/A
Elementary Schools N/A
Middle Schools N/A
High Schools N/A
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 15.9% 35.4%
High School Diploma or Higher 95.7% 91.1%

Weather & Climate

Omaha sees average highs of 41.1°F in January and 87.6°F in July, with 48.3 inches of annual precipitation and 11.7 inches of snow per year.

MetricOmaha, IL
Average High — January41.1°F
Average High — July87.6°F
Annual Precipitation48.3"
Annual Snowfall11.7"

Demographics

MetricOmaha, ILNational Avg
Population235
Median Age36.538.9
Unemployment Rate4.5%3.7%
Avg Commute Time26.9 min26 min
White (non-Hispanic)72.8%59.3%
Black or African American0.0%13.6%
Hispanic or Latino0.0%18.9%
Asian0.0%6.3%
Under 1828.9%22.2%
65 and over24.3%16.8%

Nearby Cities

ZIP Codes in Omaha

Omaha, IL is covered by 1 ZIP code:

Omaha vs Other Cities

Frequently Asked Questions

Omaha's cost of living index is 85, where 100 is the national average. That makes Omaha roughly 15% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $47,500 and median rent is $575/month.
Crime data for Omaha is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
School district information is sourced from NCES Common Core of Data.
Omaha, IL has a population of 235, a median household income of $54,107, and an unemployment rate of 4.5%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Omaha averages 41.1°F in January and 87.6°F in July. Annual rainfall is 48.3 inches with about 11.7 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Omaha, IL is covered by 1 ZIP code: 62871.
The population of Omaha, Illinois is 235 with a median age of 36.5. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Omaha: cost of living index 85 (100 = US average), median home $47,500, median household income $54,107. Whether these are benefits or drawbacks depends on where you're coming from — compare Omaha side by side with your current city to see the trade-offs.