Omaha, Lincoln ranked most-affordable cities
OMAHA, Neb. – Omaha claimed the No. 3 spot in the Kiplinger most-affordable big city list, followed by Lincoln at No. 8.
The financial publication recognized the top 10 cites in the United States with the lowest cost of living. In its rankings, factors included household income, home values, unemployment rates and the time it takes commuters to get to work. It also looked at cities with a population greater than 250,000.
Kiplinger reported Omaha has a cost of living that is 12.8 percent below the national average. It showed median household income in the city at $46,978. The median home value for Omaha was reported at $132,900. In commute time, the report found it takes those in Omaha about 18 minutes to get to work.
Lincoln made the list with a median household income of $49,504. It was the smallest city in the top 10.
This wasn’t the first time the publication recognized Omaha. It previously was named the third best city for cheapskates in the country.
Source: Omaha World-Herald