YOUR MONEY
CREDIT, COLLEGE, TAXES AND REAL ESTATE
PARADISE ON THE PLAINS
Population: 821,356
Population Growth Since 2000: 6.6%
Percentage of Workforce in Creative Class: 30%
Cost-of-Living Index: 89.4 (100 being national average)
Median Household Income: $51,627
Income Growth Since 2000: 15.1%
Don't pigeonhole Omaha as insurance, Warren Buffett and mail-order steaks. This one-time Great Plains pioneer town has a stereotype-busting cultural scene. Walk through north downtown and discover the indie-rock club Slowdown next to Film Streams, a cinema art house. In Old Market, red-brick roads run past open-air restaurants, galleries and chic boutiques.
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Funky, yes, but the city's success is defined by its midwestern values. People preach and practice a strong work ethic and modest lifestyle. They also believe in giving back to the community, and that includes the chief executives of the five Fortune 500 companies headquartered here.
Consider the 175,000-square-foot Holland Performing Arts Center. Built with private funding from corporate executives, philanthropists and civic leaders, this $100-million facility is a symbol of 21st-century urban modernism. A 2,000-seat, state-of-the-art concert hall -- with chiseled acoustic panels -- is the place to experience the classics, performed by the Omaha Symphony Orchestra.
And encouraging news: Businesses here are hiring and recruiting young professionals, especially in finance, health care, information technology and insurance. Entrepreneurs can also find fertile ground to make their mark. Rachel Jacobson, 29, who owns Film Streams, says that she wouldn't have opened her theater anywhere else. "Omaha is very open to new ideas."
Omaha continues to expand westward. Venture 10 miles southwest and you'll come to Millard, a suburb known for its top-rated, nationally recognized public-school system. It's a peaceful community with well-manicured lawns, sprawling subdivisions and shopping malls. Home prices are affordable, too. For example, a 3,000-square-foot, four-bedroom home sells for about $350,000, while a 2,000-square-foot, three-bedroom home goes for about $200,000.
Sales and property taxes are high -- upwards of 10%. But, says Tammy Lane, a mother of two whose kids are enrolled in Millard's public schools, "I love living here. It's the growth and quality of the schools that make the taxes worth paying."
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POSTED BY: Laura (August 07, 2008 05:16 PM)
This place really shouldn't be in the top ten. Omaha is very narrow minded and it just gets old and boring after a while. I've lived here for five years, I'm a single woman in my 30's, and I'm leaving for Austin...Yes, it has a nice zoo, but that doesn't help with the lack of geography and scenery.
POSTED BY: black17 (August 08, 2008 02:13 PM)
I have read all the comments prior to writing my own. Honestly, I enjoyed reading all the comments as some provided humor and entertainment. I know that what I say won't define Omaha, but I'm attempting to provide an outlook from an educated, sophisticated, knowledgeable youth. Omaha recieves a lot more criticism than it deserves....and after reading some of the comments, a lot more praise as well. Top 3 is a stretch to me. Considering it awful is (a stretch) as well. As a youth, no, there isn't much to do, no matter race, economic status, etc...The city is separated by north, south, and west- black, hispanic, and whites, as an earlier writer mentioned. I, as a black teen, wouldn't contribute that fully to race as much as I would simple economics. But race is there; every part of the city is experiencing renovation except north and south Omaha. It does need to improve in terms of race and diversity, but in my personal opinion, what US city doesn't? I've experienced the "got to get out of this town" feeling, but anymore, I've realized Omaha is on the rise, but again, work needs to be done. Ranked on this list?....maybe....top 3?....probably not. Overall though, a good place, but not one deserving of the high praises and accolades some of you are giving it. Not yet at least.
POSTED BY: B.K. (August 08, 2008 02:29 PM)
Omaha is one of those cities where people love it and are very proud of it or hate it and can't leave it fast enough. I'm one of the rare ones who is stuck in the middle. Omaha is okay, not terrific, not terrible, okay. I think putting it in the top ten places to live a bit of a stretch, but there are worse places to live as well as better ones.
I really don't find Omaha aesthetically or geographically attractive. The skyline is two semi-big buildings and the Missouri is muddy and brown. It's pretty much flat everywhere and there aren't many trees. No mountains or good bodies of water. It's not a place to live if you're a nature lover.
I will agree it's annoying when people whine about there being nothing to do. Sure, it isn't New York, L.A. or Chicago when it comes to culture or nightlife, but Omaha has a fair share of things to do. The zoo is great, the old market is always a good place to get a bite to eat, The Qwest has many concerts and sporting events, and more. Take it for what it is. For a metro area of 800,000, there are a good number of things to do.
The weather stinks. The winters are cold and snowy, the summers hot and humid, spring is rainy and lots of thunderstorms. The fall can bring beautiful days though.
Lots of taxes so the myth that Omaha is "cheap" to live in is a myth. Public transportation is terrible and Dodge St. is a big mess. Pretty conservative, Catholic and white everywhere. The guy who complains about diversity isn't crazy.
Omaha does have a problem with keeping young people in the city...many leave due to the weather, lack of things to do and job opportunities...Many friends I know had to move to Minneapolis, Denver or Chicago to find jobs. Unless you are working a high job at one of the Fortune 500's, it's kind of hard to keep moving forward in your career...I don't live there anymore and really don't miss it that much, but I do enjoy visiting it when I do. If you want to live a quiet life with little worry and lots of consistency, Omaha is a good fit. It's got a small town personality combined with a medium city population and cosmopolitan ambitions. If you are young, single, liberal, enjoy the outdoors, need water/mountains or action all the time, look elsewhere.



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