Dallas-Fort Worth-Arlington, TX Metro Area has a strong economy and it is the fourth largest metropolitan area in the United States. The rent for two bedroom apartments averages $1,530 per month which is higher than the national average of $1,430. Additionally, according to the Grocery Cost Index, groceries in Dallas-Fort Worth-Arlington are more expensive than the national average.
The Dallas-Fort Worth area also boasts many renowned businesses such as American Airlines Group Inc., AT&T Inc., ExxonMobil Corporation, Kimberly Clark Corporation, Southwest Airlines Co., Texas Instruments Incorporated and Lockheed Martin Corporation. There are also many small and medium sized businesses that contribute to the local economy.
Dallas-Fort Worth-Arlington Metro Area has an unemployment rate of 6.5%. The US average is 6.0%.
Dallas-Fort Worth-Arlington Metro Area has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 44.3%, which is higher than the US average of 33.5%.
Tax Rates for Dallas-Fort Worth-Arlington Metro Area
- The Sales Tax Rate for Dallas-Fort Worth-Arlington Metro Area is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Dallas-Fort Worth-Arlington Metro Area is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Dallas-Fort Worth-Arlington Metro Area
- The average income of a Dallas-Fort Worth-Arlington Metro Area resident is $29,766 a year. The US average is $28,555 a year.
- The Median household income of a Dallas-Fort Worth-Arlington Metro Area resident is $76,916 a year. The US average is $69,021 a year.