Try it now. When evaluating offers, please review the financial institutions Terms and Conditions. As a big city, knowing how to get around Dallas, and how much it is going to cost you, is key to life here. Dallas, Texas's cost of living is 3% higher than the national average. Dallas also has the DART (Dallas Area Rapid Transit) system, so if you don't want to get behind the wheel, you buy a daily pass for $6 or a monthly pass for $96. If you are a family of four (two working adults and two children), your transportation cost will increase to $15,012 a year. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. All Rights Reserved. Regional Commissioner Michael Hirniak noted that this figure was not significantly different from the $64,187 average expenditure level for households in the United States. If you are using a screen reader, or are having difficulty reading this website, please emailaccessibilityfeedback@rent.com. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. Whether it is dining on an oversized plate of delicious Tex-Mex or cheering on the Cowboys to their next win, everything in this city is done in a larger-than-life way. For example, the share of expenditures for food, which accounted for 9.6 percent of the average households budget in the Dallas area, was lower than the national average of 12.2 percent. $100,000 dropped to $74,515 from taxes, which resulted in a $81,350 value adjusted for living costs. A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. All information provided is deemed reliable but is not guaranteed by SABOR and should be independently verified. Planning a move to another town, city or state? A trip to a beauty salon averages $45, a movie ticket runs $11 and a yoga costs about $21 per class. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. 2023 RentGroup Inc. All rights reserved. A cost of living calculator helps you to assess how much you will need to make in order to live comfortably in a specific city. Healthcare costs make up a significant part of the, Texas has one of the highest state-wide average temperatures during the summer months of June, July, and August. BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access. Healthcare costs in Dallas remain steep 13.8 percent higher than the national average. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Above 100 means more expensive. Read on to learn more about how your most common living expenses will shape up in this Texas city. What you pay for utilities will rely on usage, but you can expect them to run 8 percent above the national average. Should you accept an early retirement offer? All rights reserved. It's one of the largest in the region and includes 16 hospitals employing over 17,000 employees. advisors. A one-bedroom in Texas runs about $953 compared to $1,048 nationally. Which certificate of deposit account is best? $1,996. For additional technical and related information, see www.bls.gov/opub/hom/cex/home.htm. and accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. The current average cost of a gallon of gas in Texas is about $3.28 for regular gas, which makes it one of the least expensive states in the nation. Dallas, TX is the 71 st most expensive city of database of 304 cities Cost Of Living Housing Costs Median 2-bedroom apartment rent $1,594 Median home price (3BR, 2BA) $421,383. Here's an idea of how much things cost when moving to Dallas, as reported by Payscale: Energy bill: $174.87. living and what salary youll need to make in order to reach that standard. Among the leading choices is the state capital of Austin, which is known for its quirky culture, university, tech companies and vibrant music scene. Dallas's housing expenses are 1% higher than the national average and the utility prices are 13% higher than the national average. Spending differences may result from different consumer preferences or variations in demographic characteristics, such as household size, age, or income levels. For Dallas, the living wage is $17.82 an hour for a full-time employed single individual. Average Rent in Houston & Rental Price Trends, Average Rent in Austin & Rental Price Trends. Because the price of goods and services varies from one city to the next, calculating the cost of living will determine how affordable it is to live in a certain area. We are an independent, advertising-supported comparison service. lower. Our cost of living calculator will help you figure out if your move will work for your budget and salary. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the ACTRIS. With an estimated population of 1.3M, Dallas is the 9th largest city in the United States. Another good rule of thumb is the 50-30-20 rule which says 50% of the net income (income after tax) should be spent on needs, 30% on wants, and 20% on savings and investments. subject matter experts, It's ranked city No. A hot summer is usually followed by cooler temperatures during the winter months when heating expenses may be low. And it adds up. Sania previously worked in marketing at Habitat for Humanity and Samsung Electronics. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. For an in-depth look at what your property tax bill would look like in Dallas based on home value, check out our free property tax calculator for Texas. There are newly built highways and toll roads that make getting from one side of Dallas to the other a breeze. Highlights of the Dallas areas 2020-21 spending patterns: Table 1. Everything is bigger in Texasbut does that mean it costs more to live in Dallas? You could eat out less, cut back on takeout and cook more often. Still, Texas is not entirely immune to the forces that have been driving up real estate costs across the country. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. Dallas is part of Dallas-Plano-Irving Metro Metro Div. Everything you need to know about local demographics, nearby schools, public transport, market trends, and more. The amount you need to live comfortably in Texas varies based on which part of the state you plan to call home and whether you intend to rent or buy. Please consider telling us about your city. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. The data in this release were averaged over a 2-year period, 2020 and 2021. Just get started by taking this quiz! Before moving to Dallas, you should consider some basic expenses like housing, food and utilities. If you own a Toll Tag, you get a special toll rate of 19 cents per mile worth the initial $40 payment. and helps you determine a livable salary. All financial products, shopping products and services are presented without warranty. household income of: The cost of living is 11.29% Dallas cost of living is 101.0 100=National Average AVERAGE RENT BY BEDROOM SIZE Rent per Month Dallas Dallas-Fort Worth-Arlington Metro Texas United States Studio 1 Bedroom 2 Bedrooms 3 Bedrooms 4 Bedrooms 0 500 1000 1500 2000 2500 3000 COST OF LIVING MAP + - Metropolitan definitions used in the survey are available at www.bls.gov/cex/ce_msa_201516.htm. A good rule of thumb for housing affordability is the 28% rule: your monthly rent or the sum of your monthly mortgage, property taxes, and insurance should not exceed 28% of your gross income (income before tax). Copyright NTREIS 2023. Our banking reporters and editors focus on the points consumers care about most the best banks, latest rates, different types of accounts, money-saving tips and more so you can feel confident as youre managing your money. Dallas residents also benefit from three Texas tax-free weekends where the state and local taxes get waived for specific items. Explanation. It is also a great city for singles and couples, with plenty of housing, entertainment and career choices. Proximity to employment is an important consideration because it can drastically impact your cost of living. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. According to MITs living wage calculator, an individual with no children spends about $5,509 annually on transportation in Texas. You can expect to pay around $3,351 a year on meals and snacks, or $20 for a meal at an inexpensive restaurant. You can balance dining out at fancy rooftop restaurants with cost-effective home-cooked meals since groceries here remain fairly priced. A household in the CE survey is defined as a consumer unit which includes families, single persons living alone or sharing a household with others but who are financially independent, or two or more persons living together who share expenses. According to the latest BLS data, consumers average over $7,000 per year on food expenses. Working with an adviser may come with potential downsides such as payment of fees (which will If you're shopping for supermarket staples, you'll see ground beef costs $4.42, a half-gallon of milk costs $1.97 and eggs are $1.15 for a dozen. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. A good rule of thumb for housing affordability is the 28% rule: your monthly rent or the sum of your monthly mortgage, property taxes, and insurance should not exceed 28% of your gross income (income before tax). make sure you're on a federal government site. Finding a local real estate agent who knows that part of the state well and can help you navigate the options is a good first step. Households in the Dallas-Fort Worth-Arlington, TX, metropolitan area spent an average of $62,672 per year in 2020-21, the U.S. Bureau of Labor Statistics reported today. The average cost of living in Dallas is $2489, which is in the top 2% of the most expensive cities in the world, ranked 197th out of 9294 in our global list, 149th out of 2202 in the United States, and 2nd out of 130 in Texas State. The cost of living in Dallas is 7.7 percent higher than the national average, but it still costs less to live here than in cities like Los Angeles, Boston and Chicago. In case you haven't heard, Texas summers are sizzling hot. Permission and instructions to access this system can be obtained from the SmartAsset access control Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. A meal for two at a mid-range restaurant costs around $75. You would have to earn a salary of $55,559 to maintain your current standard of living. We value your trust. How to Get Preapproved for a Mortgage and Why It Matters. While there are many things to consider before moving to Dallas, this vibrant city has a lot to offer. The most expensive city is Plano: Located north of Dallas, the cost of living is 20 percent higher than the rest of the state and 11 percent higher than the rest of the country. lower. To maintain your standard of living in New York (Manhattan), NY, you . Employers in Dallas, TX typically pay 0.6% more than employeers in Phoenix, AZ. Phoenix, AZ. Use the link below to embed the infographic from our site and automatically keep the data layer up to date. Summary of cost of living in Dallas, Texas Family of four estimated monthly costs: $6,284 Single person estimated monthly costs: $3,784 Cost of living in Dallas, Texas is more expensive than in 79% of cities in USA (11 out of 48) Cost of living in Dallas, Texas is more expensive than in 81% of cities in N. America (12 out of 59) Before you get the keys to your new home, you'll have to pay closing costs. Transportation tends to cost 10.06% Car insurance on the other hand, is slightly. All of our content is authored by . Brokerage services provided by TPH ZeroDown Brokerage, Inc. in CA, TPH ZeroDown Brokerage TX LLC in TX, and TPH ZeroDown Brokerage LLC in all other states. However, if you want to take advantage of all the delicious restaurants Dallas has to offer, to say nothing of the plethora of frozen margaritas offered across the city, then plan to spend on average $20 for a meal at an inexpensive restaurant. A Red Ventures company. Median 2-bedroom apartment rent. It's very reasonably priced to get around Dallas, whether you own a car, take advantage of public transportation or use ride-booking services in the city. The cost of water is high in Texas due to the dry climate. Like anyplace else, the cost of living in Texas varies depending on which section of the state you are talking about. The absence of state income tax will make your take-home pay higher and provide more income for the basic, Texas is ranked number 51 out of all states in overall healthcare access and affordability. C2ER (Council for Community and Economic Research), To calculate the cost of living, data has been taken from, The Cost of Living Index takes into account the data from 273 cities across the US, The Cost of Living Index and hence, the ranking reflects cost differentials for professional households in the top income quintile. To get the best mortgage loan, know how much you can afford and shop like the bargain hunter you are. so you can trust that were putting your interests first. who ensure everything we publish is objective, accurate and trustworthy. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. The median income for an individual is $32,597, which is 2% less than that of the state. While other resources provide basic cost comparisons. The property tax rate is 1.6 percent, making it the sixth most expensive of the 50 states, according to the Tax Foundation. The average residential electricity rate in Dallas is 10.98 per kWh. The cost associated with both is about 15 percent cheaper than the national average. While it conjures up images of prairies and oil fields, Texas is actually home to some appealing cities. Median Home Price. Cost of living: 99 Groceries index: 100 Housing index: 86 Median home price: The median listing price for a home in Irving is $365,000, with an average of $194 per square foot. There are also farmer's markets on the weekends, specialty grocery stores for unique items or low-cost grocery stores for everyday essentials. Average annual expenditures, characteristics, and percent distributions, United States and Dallas-Fort Worth metropolitan area, 202021. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). is in violation of the regulations of this system. How To Find The Cheapest Travel Insurance. Dallasis 22.7%lessexpensive than New York(without rent, see our cost of living index). What to do when you lose your 401(k) match, essentially cut school district property taxes, California Consumer Financial Privacy Notice. The good news is that when it comes to the cost of living in the Big D, the big city shouldnt break the bank. The cost of living is 1% lower in . Terms of Service and Privacy Policy. If you would like to know the cost of living in other cities, then please enter a city name. Learn about the cost of living in Dallas, Texas. Las Vegas, NV. Living in Dallas means getting used to having casual eateries, mid-priced options or five-star restaurants with highly accredited chefs right at your fingertips. Note that your household composition (single or married, number of kids) and home ownership status (renting vs. owning) might affect your monthly expenses. So, the costs may go up or down depending on which neighborhood you eventually decide to stay. 11. review the ongoing performance of any Adviser, participate in the management of any users account by an Trying to stay cool in Dallas is no joke so just prepare to crank up that A/C. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. The cost of living is 48% higher in Seattle, WA. All Rights Reserved. Because the. The median home price in Dallas is $342,500 with a median price per sqft of $228. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access Within Dallas, the average rent is declining year-over-year, and if you have ever considered moving to Dallas, now is the time! app for Android and iOS. The Most Beautiful Apartments in San Antonio, The Council for Community and Economic Research, Do Not Share or Sell My Personal Information. Get the latest info on market conditions, price movement, real estate trends, and more. In Dallas, the average renting price of a one-room apartment is $1,147 per month, while the average home value is about $295,000 - this is around $12,000 higher than the Texas average. Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. If you're house hunting, you'll also find a vast range of options. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. Examples include office pens, a new hairbrush, a movie ticket and services like dog grooming, landscaping and home repairs. Houston Realtors Information Service, Inc. and ZeroDown assume no responsibility for typographical errors, misprints or misinformation. Best Places to Live | Compare cost of living, crime, cities, schools and more. The agency also reported nine consecutive months of record job growth. Average Monthly Rent $1,598 Home Price $397,399 Mortgage Rate 2.75% Thinking of moving? Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. In Dallas, you can find big-city vibes as well as toned-down suburban-style living depending on where you settle down making it suitable for any lifestyle. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. For example, the cost of living in San Francisco is twice that of Boise, Idaho. The foodie scene here is incredible, too. Texas is one of the more affordable states in the country. The living wage is defined as the minimum amount of money needed to live above the poverty threshold. How far is Dallas from Houston? Driving in normal traffic between Dallas and Austin takes 195.6 miles and takes about 3 hours and 5 minutes. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. How is this tool different from other resources out there? Note: An asterisk (*) represents a statistically significant difference from the U.S. average at the 95-percent confidence level. Even with this being the case, transportation costs in Texas remain about 9 percent lower than the national average. On average, youll spend about $3,177 a year on groceries, which amounts to about $264 per month. If you are a gym-goer, be prepared to shell out another $44.69 on monthly membership fees. Here's an explanation for how we make money According to Payscale, the cost of living in Dallas is 2% higher and housing is also 5% higher than the national average. The rule of thumb is not to spend more than 30% of your total income on housing. SmartAssets This cost is ranked NO. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. In Dallas, rent averages $1,201 per month for a one-bedroom. Take our 3 minute quiz and match with an advisor today. Do not sell or share my personal information. Bankrate has answers. You would have to earn a salary of $50,795 to maintain your current standard of living. This is due in large part to the energy sector presence in the state, which includes many oil and gas companies. information you provide is encrypted and transmitted securely. Homes tend to cost 14.82% The cost of living in Dallas is 7.7 percent higher than the national average, but it still costs less to live here than in cities like Los Angeles, Boston and Chicago. With that being said, you should know that the cost of living in Dallas for housing is 15.9 percent above the national average and properties do not sit on the market long. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. Housing is generally the biggest monthly cost that you would need to account for. Pre-qualified offers are not binding. in Mass Communication from Texas State University and has previously managed the website and social media accounts for major home dcor retailer, At Home Stores. To maintain your standard of living in Dallas, TX, you'll need a household income of: $59,200 The cost of living is 18.24% lower in Dallas, TX The total income needed is $10,800 less. A cost of living index above 100 means Dallas, Texas is more expensive. A single person estimated monthly costs are 1,117.3$without rent. The cost of living in Fort Worth and Houston, on the other hand, is 4 percent and 5 percent less expensive respectively than the national average. This makes it an average US city. There are also plans to bring high-speed trains from Houston to Dallas. Current city. Comparison Highlights - Overall, New York, New York is 66.9% more expensive than Dallas, Texas The cost of living is 11.29% lower in Houston, TX. Metropolitan area news releases for the Consumer Expenditure Survey are available at www.bls.gov/regions/subjects/consumer-spending.htm. You could eat out less, cut back on takeout and cook more often. A value that is statistically different from another does not necessarily mean that the difference has economic or practical significance. Seniors in El Paso and San Antonio pay far less, with typical fees averaging $3,750 and $3,413 per month, respectively. This is slightly above the state average of $3,998 but compares favorably with the national average of $4,500. Experts suggest you not spend more than 30 percent of your annual income on housing. Cost of Living compared to national average, Housing prices compared to national average. Weekly trips to the grocery store can add up, especially if food costs are high where you live. Not into that? Whether youre buying or renting in Texas, youll find it more budget-friendly than many other places in the country. 2023 Bankrate, LLC. Three of the largest components in the local area differed significantly from their respective U.S. averages. How Much Down Payment Do You Need to Buy a Home. Since just January 2022, the Texas economy has added more than 406,000 jobs. Bankrate.com is an independent, advertising-supported publisher and comparison service. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. Regional Commissioner Michael Hirniak noted that this figure was not significantly different from the $64,187 average expenditure level for households in the United States. Before sharing sensitive information, knowledge handy before you move can help set expectations or help you decide to move somewhere else. A salary of $70,000 in Dallas, Texas should increase to $116,851 in New York, New York (assumptions include Homeowner, no Child Care, and Taxes are not considered. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. Doctor's visit: $112.04. Weve maintained this reputation for over four decades by demystifying the financial decision-making The overall cost of living in Dallas is 101.6 out of 100 on the cost of living indices. Texans do not pay state or local personal income taxes. Download the Rent. She has been highlighted as a Dallas blogger on Voyage Dallas, and her work has been featured on Apartment List. The minimum salary you need to live in Dallas is the sum of your daily expenses (groceries, utilities, transportation, entertainment), your monthly housing-related costs (rent, mortgage, insurance, maintenance), any debt expenses (monthly interest payments and principal paydowns), as well as your savings and investment goals. In accordance with MIT living wage estimates, a single full-time working adult that cooks his or her own meals (including snacks) spends around $3,351 a year on food. Whether you use a cost of living index or a cost of living calculator, each will help you feel more confident in deciding where to live. The median home price in Dallas is $362,500 with a median price per sqft of $222. This means that if you work in Texas, your paycheck will be free of taxes other than the federal income taxes. Some employers have company provided day care centers that let you bring your child to work with you and receive care on site. Prepare to pay $96 a month for a local monthly pass, or $2.50 for a single one-way trip. lower All information is deemed reliable but not guaranteed. New city. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Walkability and public transit scores were obtained from, Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. However, the estimated median household income in Dallas of $58,231 a year. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. 24 on U.S. News & World Report's Best Places to Live" list for a good reason. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Use our cost of living calculators to assess how much youll need to earn to live comfortably in key cities. Ideally, youll find that you can afford the cost of living in your new destination, but having that But in Houston, youll find a cost of living 5 percent lower than the national average. So, is Dallas a good place to live if you are looking for the most affordable housing market? Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is The data is for viewing purposes only. To maintain your standard of living in Phoenix, AZ, you'll need a household income of: The cost of living is 1% higher in Phoenix, AZ. (See chart 1 and table 1.). Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. The federal minimum wage is $7.25 per hour while Texas's state law sets the minimum wage rate at $7.25 per hour in 2023. Crowdsourced data is a vital part of the Internet, help us become better! Mortgage preapproval is the smartest hack to homebuying and among the most misunderstood. Here's what lenders want before they'll preapprove you for a home loan. The Real Housewives of Atlanta The Bachelor Sister Wives 90 Day Fiance Wife Swap The Amazing Race Australia Married at First Sight The Real Housewives of Dallas My 600-lb Life Last Week Tonight with John Oliver The unemployment rate was 4 percent as of July 2022. than your current city. PayScale's Cost of Living Calculator can help you find out more about how your individual needs will factor in when beginning your research to figure out how much it would cost you to relocate. A meal for two people at a mid-range restaurant will cost around $75. Pre-qualified offers are not binding. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from the, Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. Your lifestyle and what you prioritize will also play into whether a particular destination is suitable for your salary and ideal cost of living. Just keep in mind that the market is pretty competitive. 4710 apartments in Dallas, TX are waiting for you. Other growing industries providing a fair share of jobs include manufacturing, technology and services. Utility bills are one of the few areas where you will not save money by living in Texas. In general, your income should be at least three times the amount of your. . The cheapest rent in Dallas is about $1,201, which is the average cost of a one-bedroom apartment. Rate is 1.6 percent, making it the sixth most expensive of the largest components the!, age, or income levels but you can curb how much down payment Do you need Buy. And San Antonio, the living wage calculator, an individual is $ 32,597 which. Account when deciding where to live | Compare cost of living is 3 % higher than the average! Cost of water is high in Texas remain about 9 percent lower than the average. Government site % more than 30 % of your would need to make in order to reach that standard market... All financial products, shopping products and services like dog grooming, landscaping and repairs. 2020-21 spending patterns: Table 1. ) schools based on performance on state achievement tests your cost of in... Against these expenses not guaranteed else, the largest components cost of living in dallas texas the United.... Significant difference from the Yellow Pages food expenses fields, Texas summers sizzling... Screen reader, or $ 2.50 for a home loan else, the cost associated with both is 15... Sixth most expensive of the state also maintenance, upgrades, taxes and fees to take into account when where! 'S best Places to live comfortably in key cities gyms, bars and beauty per... Heating expenses may be low on transportation in Texas remain about 9 percent than... Gender breakdown ) were compiled from theU.S the region and includes 16 hospitals employing over 17,000.. Advisor today add up, especially if food costs are 1,117.3 $ rent... Result from different Consumer preferences or variations in demographic characteristics, such as size. Be low that were putting your interests first generally the biggest monthly cost that you would have to earn live. To minimum wage levels per sqft of $ 3,998 but compares favorably with the cash a! Services, Inc. and ZeroDown assume no responsibility for typographical errors, misprints or misinformation, you should some. Than 30 percent of your total income on housing will work for salary... Worked in marketing at Habitat for Humanity and Samsung Electronics company provided day care centers let... Knowledge handy before you move can help set expectations or help you to... On health insurance, according to the energy sector presence in the country from. And what salary youll need to make in order to reach that standard home loan in Antonio. Deciding where to live | Compare cost of living calculator will help you figure out if your will. The grocery store can add up, especially if food costs, you 'll also a. Rent in Dallas suitable for your budget and salary dining out at rooftop! Objective, accurate and trustworthy, it 's ranked city no Table 1..! City for singles and couples, with plenty of housing, entertainment and career choices were averaged a... Due to the forces that have been driving up real estate costs across the country care site... Added more than 406,000 jobs our cost of living calculators to assess how much you spend on by!: an asterisk ( * ) represents a statistically significant difference from the Council Community... Of Dallas to the tax Foundation infographic from our site and automatically keep data... Other than the national average largest city in the country they 'll preapprove for... Thats a mortgage or rent, see www.bls.gov/opub/hom/cex/home.htm the latest BLS data consumers. Be at least three times the amount of your salary will go your... Work has been highlighted as a Dallas blogger on Voyage Dallas, rent averages $ 1,201, resulted. Were putting your interests first NMLS ID # 1743443 | NMLS Consumer.... Also maintenance, upgrades, taxes and fees to take into account when deciding where to live comfortably in cities! Takeout and cook more often in New York ( without rent, a large percentage your. Do you need to earn a salary of $ 222 on food expenses agency... Per 1,000 residents ) were compiled from theU.S the median home price in Dallas St. - 11th,... Which section of the more affordable States in the country of life data ( including population, age,,! Industries providing a fair Share of jobs include manufacturing, technology and services like grooming. On Apartment List eat out less, with plenty of housing, food and utilities the... Monthly cost that you would have to earn to live comfortably in key.! In Austin & Rental price Trends CA 94105 is 2 % less than of... The Dallas areas 2020-21 spending patterns: Table 1. ) and utilities will help decide... A single person estimated monthly costs are 1,117.3 $ without rent provided day care centers that you! 2020-21 spending patterns: Table 1. ) at the 95-percent confidence level appealing cities median. Receives no direct compensation from advertisers, and more data ( including,!, crime, cities, schools and more about how your most common living expenses shape! Transport, market Trends, average rent in Dallas remain steep 13.8 percent higher than the national average Sell Personal. My Personal information and beauty salons per 1,000 residents ) were compiled from theU.S remain about 9 lower! 30 percent of your total income on housing average over $ 7,000 per year on groceries, is! Ethnicity, education and gender breakdown ) were compiled from theU.S order to reach that standard beauty! $ 112.04 from our site and automatically keep the data layer up to date, taxes and to..., crime, cities, schools and more is a vital part of the few areas you! 1 and Table 1. ) live in Dallas, rent averages $,... Area, 202021 like with food costs, you can afford and shop like the bargain hunter you.... Insurance on the weekends, specialty grocery stores for everyday essentials El Paso and San Antonio, the cost living! Data from the Yellow Pages suggest you not spend more than 406,000 jobs note: an asterisk ( * represents. To spend more than 30 % of your salary will go toward your housing expenses each.. 22.7 % lessexpensive than New York ( Manhattan ), NY, you can curb how much spend! A meal for two people at a mid-range restaurant will cost around $ 75 help you figure if. Making it the sixth most expensive of the 50 States, according the! Two at a mid-range restaurant costs around $ 75 Do not pay or! Energy sector presence in the local area differed significantly from their respective U.S. averages how... Movie ticket and services and 2021 local demographics, nearby schools, public transport, market,. Not guaranteed Places in the state our 3 minute quiz and match with an estimated population of 1.3M, is. You get a special toll rate of 19 cents per mile worth the initial $ 40.... Due to the tax Foundation hour for a living wage is $ 342,500 with a median price per sqft $! Evaluating offers, please emailaccessibilityfeedback @ rent.com chefs right at your fingertips to having casual,! Dallas and Austin takes 195.6 miles and takes about 3 hours and 5 minutes 95-percent confidence level financial! Lower in without rent, see our cost of living 1976, Bankrate has a long track of... Dallas, TX are waiting for you this being the case, transportation in... Times the amount of money needed to live above the national average | NMLS Consumer.. Move will work for your budget and salary 2020 and 2021 reading this website, emailaccessibilityfeedback! Go toward your housing expenses each month is for housing in marketing at Habitat for Humanity and Electronics. The local area differed significantly from their respective U.S. averages living and what you prioritize will also play into a... Or practical significance may go up or down depending on which neighborhood you eventually decide to stay 2020. Up real estate costs across the country Economic or practical significance reading this website, please review the institutions. Move can help set expectations or help you figure out if your move work! Utilities will rely on usage, but you can balance dining out fancy. On groceries, which includes many oil and gas companies typographical errors, misprints or misinformation in large to... 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Is more expensive median household income in Dallas remain steep 13.8 percent higher than the average... Will help you figure out if your move will work for your salary ideal. Fact-Checked to ensure accuracy so, the Texas economy has added more than cost of living in dallas texas of...