You are going to love our sunny climate, our booming economy, and a seemingly endless array of opportunities for entertainment and leisure.
But what is it like to live in Dallas? What can you expect with respect to cost of living, employment, education, transportation, and more? Let’s take a closer look at everything you need to know about living in one of the most populous cities in the United States.
What will your expenses be like living in Texas? Let’s take a look at the cost of living data provided by “Sperling’s Best Places”: https://www.bestplaces.net/cost_of_living/city/texas/dallas.
Sperling’s uses a scale to rate cost of living with the US average set at 100. Numbers above 100 represent a higher cost of living. Numbers below 100 represent a lower cost of living. On that scale, Dallas has a score of 101.6. That means that the cost of living in this city is right around the US average.
Some costs in Dallas are actually a bit less than they are on average nationwide. These include groceries, healthcare costs, and housing costs.
In fact, the cost of housing is rated at 92.9. For the state of TX, it is 84.3. So whether you choose to move to Dallas or to another part of the state, your housing costs should be pretty affordable.
Sperling’s lists the median cost of a home nationwide as $231,200. In Dallas, it is $214,700. It drops to just $195,000 for Texas as a whole. Another awesome thing about living in Dallas is that you have no state income tax! That is a major expense you don’t have to worry about.
Adding together city, county and state taxes for 2021, the minimum combined sales tax is 8.25%.
While that is not the highest sales tax rate in the country, it is certainly on the higher side.
But if you are mindful of your expenses, you should be able to benefit from the tax structure in the state. After all, you get to keep more of your income!
Speaking of income, let’s talk about career opportunities in and around Dallas. The “US Census”: https://www.census.gov/quickfacts/fact/table/dallascitytexas/PST045219 reports but the median household income for the years spanning 2015 through 2019 was $52,580. The per capita income for the same period was $34,479.
For comparison, the Census reported the US median income in 2019 was $65,712. But it is not all that surprising that incomes would be a little bit lower in Dallas considering the reasonable cost of living and the lack of state income tax.
Quite a few Fortune 500 companies have had headquarters in or near Dallas. Some of these include Tenet Healthcare, Energy Transfer Equity, Southwest Airlines, Texas Instruments, and Dean Foods.
So, there is a lot of opportunity in this market, especially if you have an in-demand profession.
Along with job opportunities, you may be wondering about educational opportunities in Dallas for your children or yourself.
There are 451 schools in Dallas in total, including 367 public schools and 84 private schools.
The city is home to the 12th largest school district nationwide, the Dallas Independent School District. This also is the second largest school district in the state.
Dallas also has some schools that have received esteemed recognition. For example, there is the School for the Talented and Gifted located in Oak Cliff. Newsweek has voted it the best public school in the country five years in a row. Another example of a Dallas school that Newsweek regularly recognizes is the Science and Engineering Magnet.
As far as private school options go, just a few include the Bishop Dunne Catholic School, Episcopal School of Dallas, First Baptist Academy of Dallas, and The Lamplighter School.
What about higher education? Some options in and around the metropolitan region include the University of Dallas, the University of Texas at Dallas, the University of North Texas, Northwood University – Fort Worth, Amberton University, Carrington College, Collin College, and many others.
Dallas has a hub-and-spoke style freeway system. If you commute in your vehicle, you’ll probably spend a lot of time on the four interstates that meet in the city: I-20, I-30, I-35E, and I-45.
Public transportation is offered through Dallas Area Rapid Transit (DART). There is no larger light rail operator anywhere nationwide, so this is a great place to be if you want to commute this way.
In fact, there is a specific rail just for commuters, featuring 10 stations spanning 35 miles. The rest of the light rail system comprises 55 stations across 72 miles. You can take the Blue Line, the Green Line, the Red Line, the Orange Line, or the Trinity Railway Express. A bus system is available as well.
Sperling’s reports that average time to commute one direction in the USA is 26.4 minutes. The average time to commute one way in Dallas is 26.8 minutes. So, a commute in Dallas is bound to be pretty typical.
76.2% of workers in Dallas drive their own cars. 11.3% carpool, 4.6% work from home, and 4.2% use mass transportation.
What is the climate like in Dallas? During the summers, you can expect the highs to rise to around 95 degrees Fahrenheit. During the winters, you can expect the lows to drop to around 36 degrees Fahrenheit.
Each year, there are around 39 inches of rain. You can also expect a light dusting of snow, around one inch per year. Sperling’s has an index ranking climate on a scale of 1 to 10, where 10 represents the most comfortable climate. The US average on that index is a 7, and Dallas receives a rating of 7.1.
There is no shortage of amenities in Dallas neighborhoods. In fact, did you know that there is a higher concentration of shopping centers per person in Dallas than can be boasted by any other city nationwide?
Not only does Dallas rank the highest in terms of shopping centers per capita, but the city also boasts the most restaurants per capita for any major metropolitan region in the country. The region is particularly renowned for its BBQ, and of course, its Tex-Mex.
Are you a sports fan? You can enjoy following the Rangers, the Mavericks, the Stars, and the Cowboys, as well as the FC Dallas Women’s Professional Soccer Team. NASCAR fans can get out to the nearby Texas Motor Speedway.
If you are into the arts, you will find 19 blocks’ worth of entertainment downtown in the form of theaters, museums and more.
If you want to spend time outdoors, there are more than 400 parks located throughout Dallas, adding up to a total of 21,000 acres! Among them are 17 lakes and 61.6 miles of trails. If you want to get away from the crowds, you can drive out of town to destinations like the Lake Mineral Wells State Park & Trailway or Purtis Creek State Park.
Another destination to check out in Dallas is Fair Park. This iconic National Historic Landmark spans 277 acres, and was constructed when the city hosted the Texas Centennial Exposition of 1936.
The park features beautiful examples of art deco architecture from that time period, and is home to a number of museums. The annual State Fair of Texas takes place here. It is one of the largest and most renowned fairs in the country, drawing millions of people every year.
Excited to live in Dallas? New Frontier Financial Inc. has been helping borrowers in Texas to move into beautiful homes with affordable loans for more than 20 years now.
We can answer all of your questions about what it is like to live in Dallas, and can match you with a competitive mortgage that will meet your needs. Please give us a call at (469) 886-8300 to schedule your consultation. Welcome to the area. We can’t wait to call you our neighbor!
New Frontier Financial Inc. NMLS ID 841930 is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.