Richest Cities in Nebraska (2024)

by Kristen Carney Kristen Carney

Updated: June 20, 2024

Richest City in Nebraska

The richest city in Nebraska is Inavale in Webster County with an average household income of $273,497 as of 2022. While exceptionally affluent, Inavale only has a population of 50 as of 2023. The richest city in Nebraska with at least 5,000 people is Papillion in Sarpy County with an average household income of $127,561 as of 2022 and 23,791 people as of 2023 according to the most current Census data available (citation).

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20 Richest Cities in Nebraska

Rank City County Population Average Income Median Income
1 Inavale Webster 50 $273,497 $55,250
2 Nora Nuckolls 21 $222,188 -$1
3 Aten Cedar 52 $198,113 $250,001
4 Wann Saunders 93 $193,773 $197,500
5 Melia Sarpy 76 $189,350 $207,500
6 Boys Town Douglas 607 $182,558 $69,583
7 Cowles Webster 22 $181,600 -$1
8 Overland Hamilton 194 $166,784 $107,411
9 Woodland Hills Otoe 300 $163,741 $170,139
10 Glenwood Buffalo 637 $147,689 $83,594
11 Cedar Creek Cass 474 $145,995 $110,750
12 Walton Lancaster 474 $142,643 $46,287
13 Raymond Lancaster 154 $140,720 $107,500
14 Princeton Lancaster 127 $137,022 $172,875
15 Huntley Harlan 33 $135,857 -$1
16 Filley Gage 121 $132,373 $82,500
17 Lakeview Platte 264 $130,240 $126,250
18 Ponca Dixon 895 $127,843 $58,542
19 Papillion Sarpy 23,791 $127,561 $104,608
20 Gretna Sarpy 9,054 $126,762 $117,553

Median Income versus Average Income: Which Should You Use?

We usually suggest using median income data – either instead of or in addition to – average income data as a true indicator of wealth. If you haven’t thought about median versus average since your last standardized test, you aren’t alone. Here’s what they are:

  • average is the sum of a set of numbers divided by the count of numbers in the set
  • median is the middle number in the set of numbers
illustation of median vs average

Now let’s say you had the following simplified set of income data.

Household 1: $30,000
Household 2: $50,000
Household 3: $1,000,000

The average income for this set is $360,000. The outlier data point ($1,000,000) skews the average WAY up. Conversely, the average income would be skewed WAY down if someone had an income of $500. The median income for the same data set is $50,000. Outlier data doesn’t skew the median.

Most Business Owners Should Use Median Income

So most business owners should use the median income as a true indicator of wealth, because it provides a more accurate representation of a typical income, especially in areas with significant income disparity.

When Should You Use Average Income

If your target market is high-income households, the average income may be more relevant. This is because the average income can highlight the presence of a higher concentration of wealthy individuals, which is beneficial for luxury goods and services marketing. We’re using average income on this page because using the Census’s highest reported median value of $250,001 could result in multiple ties for the richest geography.

Why do so many cities have a median value of $250,001?

The Census' American Community Survey uses $250,000+ as a jam value for median income estimates to protect privacy, ensure data consistency, and simplify reporting. A "jam value" in survey data refers to a placeholder or default value used when actual data points are unavailable, incomplete, or exceed certain thresholds. We represent this jam value as $250,001 to make it easy for you to sort.

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SOURCES

United States Census Bureau. Annual Estimates of the Resident Population: April 1, 2020 to July 1, 2023. U.S. Census Bureau, Population Division. Web. May 2024. http://www.census.gov/.

United States Census Bureau. B01001 SEX BY AGE, 2022 American Community Survey 5-Year Estimates. U.S. Census Bureau, American Community Survey Office. Web. 7 December 2023. http://www.census.gov/.

United States Census Bureau. B19013 Median Household Income, 2022 American Community Survey 5-Year Estimates. U.S. Census Bureau, American Community Survey Office. Web. 7 December 2023. http://www.census.gov/.

United States Census Bureau. “DP03 SELECTED ECONOMIC CHARACTERISTICS.” 2022 American Community Survey 5-Year Estimates. U.S. Census Bureau, American Community Survey Office. Web. 07 December 2023. http://www.census.gov/.

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