Average Cost of Living in Dallas
Considering that Dallas is a large city with a full line of amenities, it is an affordable place to live. The overall cost of living in Dallas is 1.6% higher than the United States average and 7.7% higher than Texas's average. Most categories are at or near average aside from transportation costs, which are 13.7% higher than the rest of the state and 17.1% higher than the national average. Other cities in the area have similar costs of living. For example, nearby Plano is 7.7% higher than Dallas, while Arlington is 1% lower. For what the city offers its residents, Dallas has an excellent overall cost of living.
Average Home Prices in Dallas
Dallas also has an excellent housing market for a major U.S. city. The median cost of a home in Dallas is $214,700. To put that in perspective, the state is nearly $20,000 lower at $195,000, and the U.S. is $16,500 higher at $231,200. Plano homes are significantly higher and cost $331,900 on average, and houses in Fort Worth and Garland middle out at $197,700. These housing prices are very reasonable, which makes Dallas an excellent choice for your next rent-to-own home.
If you're interested in Dallas rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Dallas statistics compared to the U.S. national average.
| ||Dallas Averages ||National Averages |
|One-Way Commute ||26.8 minutes ||26.4 minutes |
|Violent Crime ||37.0 ||22.7 |
|Property Crime ||50.7 ||35.4 |
|Unemployment Rate ||3.6% ||3.9% |
|Income Tax Rate ||0.0% ||4.6% |
|Air Quality ||45 ||58 |
|Water Quality ||87 ||55 |
|Median Household Income ||$43,359 ||$53,482 |
|Median Property Taxes ||$1,700 ||$2,200 |
|Utilities ||$140/month ||$112/month |
|Monthly Rent ||$990 ||$1,470 |
|Median Home Cost ||$214,700 ||$231,200 |
|Median Home Age ||37 years ||40 years |
Popular Amenities and Attractions in Dallas
There's a lot going on in Dallas. The city has upwards of 27 million yearly visitors. These travelers spend more than $5 billion and support over 65,000 jobs in the area while dining, staying at local hotels, touring the city's attractions, or just going about their business.
Fortunately, Dallas has a comprehensive transportation system that makes it easy for its residents and guests to get in and out of the city and around town. Dallas-Fort Worth International Airport was the fourth busiest airport in the country in 2019, with more than 35 million passengers. The city also has the Love Field Regional Airport and Dallas Executive Airport for commercial, business, and private use. Long-distance travelers use Greyhound buses, the Dallas Mass Transit Rail and DART Public Bus Service transport riders around the city, and the M-Line Trolley services Downtown Dallas.
Dallas has something to do for everyone:
- Sports fans can enjoy pro teams such as the Cowboys, Mavericks, Stars, and FC Dallas
- The Dallas Zoo, founded in 1888, is a great stop for families or couples
- The Perot Museum of Nature and Science and the Dallas Museum of Art will pique the interest of thinkers and budding artists
- The Dallas Arboretum and Botanical Garden is a relaxing spot for people of all ages
If you want to spend some time outdoors, Dallas has one of the largest park systems in the U.S. It has 397 parks spanning more than 20,000 acres, with seven lakes, 33 ponds, 158 miles of trails, and every category of sports field. The downtown has its own Klyde Warren Park with street vendors, daily activities, and periodic events.
You'll find an abundance of dining and shopping, as well as lots of nice people in Dallas. If you visit the Big D - even for a short period - you'll want to stay. Luckily, you'll have an easy time finding an excellent rent-to-own home to call your own.
Include Dallas in your list of areas for your next relocation. There is more than enough room for you in its 340.52 square miles. There are also plenty of jobs available in the city, and you won't have to pay any state income taxes on your earnings. Most importantly, Dallas rent-to-own home opportunities are abundant and affordable - you're sure to find one that you can proudly call home.