Nebraska 4th Highest Median Income Drop 2022

[ita]

Census data shows steep drop in Nebraska income; Omaha metro held steady

Henry Cordes
In the face of high inflation, Nebraska saw one of the nation’s steepest drops in relative household incomes last year, though the Omaha metro area held its own on that key economic measure.

Those were among the most notable findings from the 2022 household survey data for Nebraska released Thursday by the Census Bureau.

The Nebraska median household income figure of $69,600 for 2022 was down 3.6% from the inflation-adjusted $72,200 the previous year.

That reduction by percentage was the fourth steepest among the 50 states plus the District of Columbia, said David Drozd, a demographer with Community Health Development Partners of Omaha.

Nationally, the relative drop in income was eight-tenths of 1%, meaning Nebraska’s decline was four times that of the nation.
...
However, incomes in the Omaha metro generally did hold steady, Drozd said. The metro’s median household income of $79,600 in 2022 was virtually unchanged from the inflation-adjusted $79,700 for 2021 — meaning income gains in Omaha roughly did keep up with inflation.

[Garrett]

Should read 4th Highest Drop

[ita]

Should read 4th Highest Drop

Fixed. Thanks!

[Renovator2559]

While it's great Omaha is fairing well, it's concerning that the rest of the state including Lincoln, is struggling economically.
The federal gov, has to get their act together and run the country better because their poolicies are affecting, every place in the country negatively at different degrees.

[Brad]

While it's great Omaha is fairing well, it's concerning that the rest of the state including Lincoln, is struggling economically.

We going to talk about this on Grow Omaha tomorrow morning.

I haven't figured out Lincoln, Norfolk, and the other mentioned. However I did a little research and I'm guessing crop prices have to be weighing on the rest of the state. From 2022 to 2023, Corn is down like 40% and Soybeans are down 20%, that around a $380 and $330 drop per Bushel.

[Dusty]

We going to talk about this on Grow Omaha tomorrow morning.

I haven't figured out Lincoln, Norfolk, and the other mentioned. However I did a little research and I'm guessing crop prices have to be weighing on the rest of the state. From 2022 to 2023, Corn is down like 40% and Soybeans are down 20%, that around a $380 and $330 drop per Bushel.

I think it's time to legalize agricultural hemp as a crop. So much potential for helping the construction industry with building materials.