CostIndexUSA

Hagerstown, MD vs Omaha, NE Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

MD
Hagerstown
94.2
overall index
$1,550/mo rent
More AffordableNE
Omaha
91.9
overall index
$1,400/mo rent

Omaha is slightly cheaper than Hagerstown — 2.4% lower overall cost of living.

To match an $80,000 salary in Hagerstown, you would need $78,000 in Omaha. Calculate your salary ↓

Category Breakdown

Index values: 100 = U.S. national average. Higher = more expensive.

🏠 Housing+14.1%
Hagerstown
75.7
Omaha
86.4
🛒 Groceries2.4%
Hagerstown
96.4
Omaha
94.1
🚗 Transportation6.6%
Hagerstown
104.5
Omaha
97.6
🏥 Healthcare6.6%
Hagerstown
94.5
Omaha
88.3
Utilities20.2%
Hagerstown
95.7
Omaha
76.4

Salary Equivalency Calculator

Enter your current salary in Hagerstown to see what you'd need to earn in Omaha to maintain the same purchasing power.

$
Equivalent salary in Omaha, NE
$78,000
$2,000 less needed in Omaha

Formula: salary × (91.9 ÷ 94.2) = salary × 0.9756. Based on BEA Regional Price Parities.

Housing Market

Hagerstown, MD

Median Home Price
$313,000
Median Monthly Rent
$1,550
Housing Index
75.7
Price-to-Rent Ratio
16.8×

Omaha, NE

Median Home Price
$295,000
Median Monthly Rent
$1,400
Housing Index
86.4
Price-to-Rent Ratio
17.6×

Omaha has 14.1% higher housing costs compared to Hagerstown.

Income & Job Market

Hagerstown, MD

Median Household Income
$75,400
Per Capita Income
$43,000
Unemployment Rate
4.4%
Population
43,484
Top Industries
HealthcareManufacturingLogisticsRetailGovernment

Omaha, NE

Median Household Income
$81,400
Per Capita Income
$46,400
Unemployment Rate
2.6%
Population
486,051
Top Industries
FinanceInsuranceHealthcareTelecommunicationsManufacturing

Affordability at a Glance

Income-to-rent ratio: higher is better (more income relative to housing costs).

Hagerstown, MD
4.1×income-to-rent ratio

75% of income left after rent (median)

Omaha, NE
4.8×income-to-rent ratio

79% of income left after rent (median)

Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.

Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.

This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.