Omaha, IL
Population 276 · Illinois
About Omaha, IL
Omaha is a small community located in Illinois with a population of 276 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,750 per year, which is 15% below the national median of $75,149. The median age of 36 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Omaha features a median home value of $44,600, which is 82% below the national median of $244,900. This makes Omaha one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $675, 42% below the national average of $1,163/month. Of the 125 total housing units, 78% are owner-occupied (73 units) and 22% are renter-occupied (21 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Omaha shows an unemployment rate of 6.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 14.1%, above the national average of 12.4%. Workers in Omaha have an average one-way commute time of 23.4 minutes.
Education & Demographics
15.0% of Omaha residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 25.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.1% of the population being foreign-born.
How Omaha Ranks in Illinois
Cost of Living in Omaha, IL
Compared to national averages, Omaha has a median household income of $63,750 (15% below the national median of $75,149). Home values average $44,600, which is 82% below the national median. Monthly rent at $675 is 42% below the US average of $1,163. Within Illinois, Omaha's income is 15% below the state average of $75,072, and home values are 73% below the state median of $165,779.
Why Live in Omaha, IL?
Omaha offers affordable housing with a median home value of $44,600, below the US average of $244,900, and rent that’s lower than the national average at $675/month, and short commute times averaging just 23.4 minutes.
Potential considerations include median household income ($63,750) that falls below the national average. However, Omaha’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Omaha has a population of 276 with a median age of 36 years. Compare Omaha with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Omaha
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Montrose | 276 | $54,821 | $125,000 | Compare |
| Menominee | 275 | $115,000 | $253,100 | Compare |
| Vergennes | 274 | $48,594 | $92,000 | Compare |
| Blairsville | 279 | $73,077 | $143,800 | Compare |
| Bureau Junction | 279 | $54,063 | $53,700 | Compare |
| Coalton | 280 | $76,250 | $81,000 | Compare |
| Kilbourne | 272 | $40,625 | $69,200 | Compare |
| Grand Detour | 282 | $74,141 | $162,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Omaha With Other Cities
Frequently Asked Questions about Omaha
What is the population of Omaha, IL?
The population of Omaha, IL is 276 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Omaha?
The median household income in Omaha, IL is $63,750 per year, which is 15% below the national median of $75,149.
What is the median home value in Omaha?
The median home value in Omaha, IL is $44,600, which is 82% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Omaha?
The median monthly rent in Omaha, IL is $675, which is 42% below the national average of $1,163/month.
What is the unemployment rate in Omaha?
The unemployment rate in Omaha, IL is 6.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Omaha, IL a good place to live?
Omaha offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 276 and a median age of 36, the city appeals to a broad range of residents.
How educated is Omaha, IL?
15.0% of residents in Omaha aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Omaha?
Key cost-of-living indicators for Omaha, IL: median home value is $44,600 (82% below national), median rent is $675/month, and median household income is $63,750. The home-value-to-income ratio is 0.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Omaha?
The poverty rate in Omaha, IL is 14.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Omaha, IL?
Omaha's population is 0.0% White, 25.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.1% of residents are foreign-born.