Lincoln is the capital of Nebraska and an important political, economic and cultural center for the area. With a population of around 285,000 as of 2017, it’s the second most populous city in the state. Its diverse population, university presence, and growing economy make it an attractive option for Midwestern homebuyers.
Historically the economy of Lincoln has been made up principally of manufacturing and related industries. However, it has transitioned to a more diverse and service-oriented arrangement. The government plays a significant role in the city. However, technology, finance, and telecommunications are growing. These are the largest employers as of 2017:
- State of Nebraska
- Lincoln Public Schools
- University of Nebraska-Lincoln
- Bryan Health
- US Government
Lincoln is considered an important part of the Midwest Silicon Prairie. Its attractiveness to high-tech and startup companies has seen increasing wages and reducing unemployment. In 2013, Forbes named Lincoln the fourth Best Place for Business and Careers. In 2015, NerdWallet named it the Best City for Job Seekers. Om 2019, SmartAsset named it the second among Cities with the Best Work-Life Balance.
With Lincoln’s recent economic growth, it has also seen an emerging music scene, especially since the opening of Pinnacle Bank Arena. It has earned a reputation as a musical city.
Annual events include the Lincoln National Guard Marathon and Half-Marathon, the Uncle Sam Jam and Boo at the Zoo. There is also a popular farmers’ market between May and October each year.
The University of Nebraska-Lincoln is the university’s main campus. It is also the third largest employer in the city. It attracts many international students and is a key driver for innovation, growth, and diversity in Lincoln.
The Lincoln, NE median listing price for homes is $174,100. These listing have a median square footage of 1,809. This makes the price per square foot $96. These values are 22% below the national median. While there are some even more affordable housing markets in Nebraska, few offer a strong a combination of opportunity and affordability as Lincoln.