FHA Loans in Nebraska

About This State and its People, Places, and Industries

Nebraska is a state located on the Great Plains of the Midwestern United States. The state's capital is Lincoln and its largest city is Omaha. Once considered part of the Great American Desert (actually a very agriculturally productive prairie land), Nebraska is now a leading farming and ranching state. Nebraska is the only U.S. state with a unicameral legislature.

As of 2009, Nebraska has an estimated population of 1,796,619, which is an increase of 85,356, or 5%, since the year 2000. This includes a natural increase since the last census of 77,995 people (that is 187,564 births minus 109,569 deaths) and a decrease due to net migration of 9,319 people out of the state. Immigration from outside the United States resulted in a net increase of 27,398 people, and migration within the country produced a net loss of 36,717 people. The center of population of Nebraska is located in Polk County, in the city of Shelby. As of 2004, the population of Nebraska included about 84,000 foreign-born residents (4.8% of the population). The five largest ancestry groups in Nebraska are German (38.6%), Irish (12.4%), English (9.6%), Swedish (4.9%), and Czech (4.9%). Nebraska has the largest Czech-American and non-Mormon Danish-American population (as a percentage of the total population) in the nation. German-Americans are the largest ancestry group in most of the state, particularly in the eastern counties. Thurston County (made up entirely of the Omaha and Winnebago reservations) has an American Indian majority, and Butler County is one of only two counties in the nation with a Czech-American plurality.

The Bureau of Economic Analysis estimates of Nebraska's gross state product in 2004 was $68 billion. Per capita personal income in 2004 was $31,339, 25th in the nation. Nebraska has a large agriculture sector, and is an important producer of beef, pork, corn (maize), and soybeans. Other important economic sectors include freight transport (by rail and truck), manufacturing, telecommunications, information technology, and insurance.

Nebraska has four personal income tax brackets, ranging from 2.6% to 6.8%. Nebraska has a state sales tax of 5.5%. In addition to the state tax, some Nebraska cities assess a city sales and use tax, up to a maximum of 1.5%. One county in Nebraska, Dakota County, levies a sales tax. All real property located within the state of Nebraska is taxable unless specifically exempted by statute. Since 1992, only depreciable personal property is subject to tax and all other personal property is exempt from tax. Inheritance tax is collected at the county level. As of January 2010, the state’s unemployment rate is only 4.6%.

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• Alliance
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• York

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