Omaha-Council Bluffs, NE vs Merrick County, NE
A 2-bedroom in Merrick County costs $407 less per month than Omaha-Council Bluffs ($961 vs $1,368). Median income is $83,023 in Omaha-Council Bluffs and $62,849 in Merrick County. That's a difference of $4,884 per year in housing costs.
Side-by-Side Comparison
| Metric | Omaha-Council Bluffs | Merrick County |
|---|---|---|
| Studio FMR | $1,090 | $689 |
| 1BR FMR | $1,148 | $732 |
| 2BR FMR | $1,368 | $961 |
| 3BR FMR | $1,813 | $1,323 |
| 4BR FMR | $2,046 | $1,612 |
| Median Income | $83,023 | $62,849 |
| Rent Burden | 19.8% | 18.3% |
| Actual Median Rent | $1,152 | $772 |
| Median Home Value | $248,100 | $168,000 |
| Population | 973K | 7.7K |
| Renter % | 33.7% | 19.4% |
| Vacancy Rate | 5.6% | 10.4% |
| Poverty Rate | 9.5% | 8.7% |
| Unemployment | - | 2.2% |
| YoY Change | +16.9% | +10.2% |
| Min Wage | $13.50/hr | $13.50/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Merrick County, NE is more affordable with a 2BR FMR of $961/mo, which is $407 less than Omaha-Council Bluffs at $1,368/mo. However, when considering local incomes, Omaha-Council Bluffs has a rent burden of 19.8% vs 18.3% in Merrick County.
A 2-bedroom in Omaha-Council Bluffs, NE costs $1,368/mo at Fair Market Rent, while in Merrick County, NE it's $961/mo, a difference of $407/mo or $4,884/year.
To afford a 2BR without spending more than 30% of income on rent: Omaha-Council Bluffs requires $54,720/year ($26/hr). Merrick County requires $38,440/year ($18/hr).