U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Nebraska > Omaha
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 01-31-2010, 10:50 PM
 
Location: Casa Grande
70 posts, read 417,729 times
Reputation: 111

Advertisements

What is Omaha's economy based on? Is it a stable economy or a stagnant economy?
There was no housing bust because there was no housing boom, so the question is ... is Omaha a stagnant area or an area of growth.

AND again, what is the economy based on.
THANKS!
Rate this post positively Reply With Quote Quick reply to this message

 
Old 02-01-2010, 12:14 AM
 
Location: West Omaha
1,181 posts, read 3,873,927 times
Reputation: 505
Omaha has a diverse and growing economy.

And a "boom" isn't necessarily a good thing. The booms that were witnessed in CA, Vegas, Phoenix and etc. were based on speculation. Meaning people were treating their house more like an investment than a place to live. It was not uncommon at all to see 1 year appreciation rates of 20 to 30%, which is absolutely absurd! Omaha had a healthy growth in housing based on actual demand, not based on the idea that one could quickly turn around a profit on their home.

To ask what is Omaha's economy based on is a little like asking what Denver or Chicago's economy is based on. Granted, those cities are quite a bit larger and have larger economies, but on a relative basis Omaha is quite similar. By that I mean the "size" of Omaha's economy is smaller but the diversity within the economy is similar. Omaha has companies in sectors such as financial, insurance, ag, technology, software, medical, and etc. Throw in Stratcom and several Universities in the area and Omaha has a robust and diverse economy that isn't going to tumble when one sector falters.

As a snapshot here a list of a few companies with major offices in the area: Berkshire Hathaway (headquarters), TD Ameritrade (headquarters), ConAgra (headquarters), Union Pacific (headquarters), Mutual of Omaha (headquarters), Kiewit (headquarters), Paypal, Valmont, and etc.

Here is a link with a better summary of what I just wrote:

//www.city-data.com/us-cities/T...a-Economy.html
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-01-2010, 01:04 AM
 
3,277 posts, read 3,331,841 times
Reputation: 1832
As reluctant as I am to admit this, Matt is spot on with his assessment and description of the Omaha area economy.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-01-2010, 02:55 AM
 
Location: Casa Grande
70 posts, read 417,729 times
Reputation: 111
Default thank you so much

Quote:
Originally Posted by mattpoulsen View Post
Omaha has a diverse and growing economy.

And a "boom" isn't necessarily a good thing. The booms that were witnessed in CA, Vegas, Phoenix and etc. were based on speculation. Meaning people were treating their house more like an investment than a place to live. It was not uncommon at all to see 1 year appreciation rates of 20 to 30%, which is absolutely absurd! Omaha had a healthy growth in housing based on actual demand, not based on the idea that one could quickly turn around a profit on their home.

To ask what is Omaha's economy based on is a little like asking what Denver or Chicago's economy is based on. Granted, those cities are quite a bit larger and have larger economies, but on a relative basis Omaha is quite similar. By that I mean the "size" of Omaha's economy is smaller but the diversity within the economy is similar. Omaha has companies in sectors such as financial, insurance, ag, technology, software, medical, and etc. Throw in Stratcom and several Universities in the area and Omaha has a robust and diverse economy that isn't going to tumble when one sector falters.

As a snapshot here a list of a few companies with major offices in the area: Berkshire Hathaway (headquarters), TD Ameritrade (headquarters), ConAgra (headquarters), Union Pacific (headquarters), Mutual of Omaha (headquarters), Kiewit (headquarters), Paypal, Valmont, and etc.

Here is a link with a better summary of what I just wrote:

//www.city-data.com/us-cities/T...a-Economy.html
I am so utterly grateful for all the information you have provided. I was so lost before this info. This is hugely helpful.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-21-2020, 07:06 PM
 
Location: U.S.A., Earth
5,492 posts, read 4,078,572 times
Reputation: 5720
Quote:
Originally Posted by Jays1983 View Post
As reluctant as I am to admit this, Matt is spot on with his assessment and description of the Omaha area economy.
I was going to say "steaks" (Omaha Steaks ftw!), but, yeah, posts like that are helpful!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-26-2020, 11:18 AM
 
5 posts, read 5,491 times
Reputation: 10
Quote:
Originally Posted by ackmondual View Post
I was going to say "steaks" (Omaha Steaks ftw!), but, yeah, posts like that are helpful!
IMHO, Omaha steaks suck....we moved here 5 years ago and it was "the" thing we had to try....My steaks from hy-vee and Bakers are better!

Omaha isn't a giant metro, don't come here expecting one, however it's a wonderful place to raise a family and make a living!!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-26-2020, 11:25 AM
 
Location: Floyd County, IN
25,207 posts, read 43,110,870 times
Reputation: 17972
Quote:
Originally Posted by mrdrh99 View Post
IMHO, Omaha steaks suck....we moved here 5 years ago and it was "the" thing we had to try....My steaks from hy-vee and Bakers are better!

Omaha isn't a giant metro, don't come here expecting one, however it's a wonderful place to raise a family and make a living!!
A clarification on cost of living of Omaha, Sioux Falls is up the road in South Dakota and it has no state income tax. Median household income growth there has been much faster in Sioux Falls compared to Omaha.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-27-2020, 11:37 PM
 
1,032 posts, read 765,668 times
Reputation: 1185
Quote:
Originally Posted by mattpoulsen View Post
Omaha has a diverse and growing economy.

And a "boom" isn't necessarily a good thing. The booms that were witnessed in CA, Vegas, Phoenix and etc. were based on speculation. Meaning people were treating their house more like an investment than a place to live. It was not uncommon at all to see 1 year appreciation rates of 20 to 30%, which is absolutely absurd! Omaha had a healthy growth in housing based on actual demand, not based on the idea that one could quickly turn around a profit on their home.
That's a weird way to phrase a boom. The housing went up due to demand just like anywhere. You make it sound like people can use willpower to increase the value of their home.

Quote:
To ask what is Omaha's economy based on is a little like asking what Denver or Chicago's economy is based on. Granted, those cities are quite a bit larger and have larger economies, but on a relative basis Omaha is quite similar. By that I mean the "size" of Omaha's economy is smaller but the diversity within the economy is similar. Omaha has companies in sectors such as financial, insurance, ag, technology, software, medical, and etc. Throw in Stratcom and several Universities in the area and Omaha has a robust and diverse economy that isn't going to tumble when one sector falters.

As a snapshot here a list of a few companies with major offices in the area: Berkshire Hathaway (headquarters), TD Ameritrade (headquarters), ConAgra (headquarters), Union Pacific (headquarters), Mutual of Omaha (headquarters), Kiewit (headquarters), Paypal, Valmont, and etc.
ConAgra moved to Chicago.

Quote:

Here is a link with a better summary of what I just wrote:

//www.city-data.com/us-cities/The-Midwest/Omaha-Economy.html
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Nebraska > Omaha
View detailed profiles of:

All times are GMT -6.

¬© 2005-2023, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top