How Much House Can I Afford on a 70k Income in Nebraska?
With a 70k income, you're right on target for purchasing a home in Nebraska. Financial advisors recommend spending about 3 to 4 times your annual income on a home, which translates to a budget between $210,000 and $280,000.
In Omaha, the median home price is approximately $280,000, fitting neatly within your target range. This balance ensures a wide variety of quality homes are available to you.
Additionally, other cities like Lincoln and Kearney offer appealing options at around $250,000. With a property tax rate of 1.8%—amounting to roughly $5,040 per year—and a cost of living below the national average, your income comfortably supports homeownership across the state.