What Is The Average Cost Of Living In Dallas Texas?

Dallas cost of living is 101.6

COST OF LIVING Dallas Texas
Grocery 99.1 93.7
Health 94 95.4
Housing 92.9 84.3
Median Home Cost $259,800 $243,600

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What salary do you need to live in Dallas?

In order to rent a two-bedroom in Dallas comfortably, you need to earn $45,720 a year, or $22.03 an hour. The “living wage” is defined as the minimum amount of money needed to live above the poverty threshold. For Dallas, the living wage is $15.21 an hour for a full-time employed single individual.

Is it expensive to live in Dallas TX?

While living in Dallas is more expensive than living in other parts of the United States it’s not San Francisco expensive. As such, the cost of living in Dallas is roughly 1% above the national average. Dallas is a popular city and like any growing city, housing prices can grow with the population.

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How much do you need to live comfortably in Dallas?

It takes $55,600 a year to live comfortably in Dallas. That’s according to rent.com, which based its number on the average Dallas rent price of $1,390 a month. Experts suggest you not spend more than 30 percent of your annual income on housing.

What is the average monthly cost of living in Dallas Texas?

Summary about cost of living in Dallas, TX, United States: Family of four estimated monthly costs are 3,244$ without rent. A single person estimated monthly costs are 917$ without rent. Dallas is 33.21% less expensive than New York (without rent).

What is a good wage in Dallas?

A survey from Purdue University and GoBankingRates.com found that you need an annual salary of $113,085 to be happy in Dallas. It also found that people need to be making between $64,620 and $80,775 annually for their emotional well-being.

Is Dallas affordable?

A recent RealtyHop report showed DFW ranked number 17 in the U.S. for least affordable cities. Shane Lee, a data scientist with RealtyHop explained what that means. “That means Dallas households will have trouble finding a home to buy … we are looking at Dallas being one of the least affordable cities in Texas now.”

Is Dallas worth moving to?

Dallas is a great place to relocate to and has so much to offer — whether you want to launch your career, find your niche or have access to some of the greatest museums, restaurants and nightlife venues in the country.

Is Dallas Texas cheap to live?

Dallas. Dallas has a cost of living that is below the national average. Home prices in the Dallas area are also well below the national average, making it an affordable place to live.

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What is the average cost of utilities in Dallas?

Utilities. According to Numbeo.com (May 2019), the average utility bill in Dallas for a 915 square-foot apartment is $139.55. That’s for a basic package of electricity, heating, water and garbage. As a reference, this estimation comes in at about $13 less than the national average ($152.14).

What is considered middle class in Dallas?

For the city of Dallas, the 2016 figure was $45,215, according to the Census Bureau. Either would be enough to get you into the middle-class club in any of the nearly 20 Texas metro areas included in the Pew calculator.

What is a good income for a single person in Texas?

In the case of Texas, the most recent estimate shows that before taxes and for a single person, the required living wage would be $29,134 which includes estimated housing costs of $9,333 and estimated food costs of $3,177.

What is minimum wage in Dallas?

The current minimum wage in Texas is $7.25 per hour, which is the minimum rate a non-exempt employee in the state of Texas gets paid legally by the hour.

How much is the average water bill in Dallas?

Water. The average water cost in Dallas has reports of rising considerably over the past numerous years. In early 2018, bills were under $100 per month on average. However, this cost is high compared to other American cities because of its dry climate.

What’s the average home price in Dallas Texas?

At the start of 2019, the median home value for Dallas, Texas was around $201,000. The median for the broader DFW metro area was a bit higher. That was a gain of more than 13% from a year earlier, according to data collected by Zillow.

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