GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you might read more about oureditorial guidelinesand our products and servicesreview methodology.
It has a large retirement-age population so many of the citys cost-of-living statistics align withretirees budgetary constraints.
Here are six reasons why retiring in Omaha can cost you less than $50,000 a year.
Average home values are just over $283,000.
Whether you choose to buy or rent, youll find plenty of affordable options.
Additionally, property taxes in Nebraska are relatively low, further reducing your annual expenses.
Omaha Is Tax-Friendly for Retirees
Nebraska is known for its favorable tax environment for retirees.
GOBankingRates found the total estimated annual cost of living after Social Security to be about $22,643.
Thestate sales taxis 5.5% and the minimum combined 2024 sales tax rate for Omaha is 7%.
Omaha boasts arobust healthcare systemwith numerous hospitals and clinics offering high-quality care at lower costs than many other cities.
Your costs of expenditures are estimated to be around $2,053 a month all in.
The city boasts a wide variety of restaurants offering everything from local favorites to international cuisine at reasonable prices.
GOBankingRates found the total estimated annual cost of living after Social Security to be about $22,643.
Cost of living is the recipe but the ingredients can vary from transportation to recreational activities.
Transportation
Getting around Omaha is both easy and affordable.
The cityspublic transportation system, Metro Transit, offers senior discounts and provides reliable service throughout the city.
More From GOBankingRates
Share This Article:
