Housing costs in Dallas?
A typical home costs
$781,300, which is 131.1% more expensive than the national average of
$338,100 and 162.5% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Dallas costs
$1,510 per month, which is 18.0% more than the national average of
$1,280 and close to the state average of
$1,530.
Can I afford Dallas?
To live comfortably in Dallas (zip 75230), Texas, a minimum annual income of
$149,760 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Dallas?
The cost of living in 75230 Dallas, TX is significantly higher than the national average. According to BestPlaces's Cost of Living Index, rent prices alone are around 24% higher than the average for the United States. Other expenses like utilities, groceries, and transportation tend to be more expensive as well. The overall cost of living index in this area is 109.5, which is 9.5% above the national average. However, salaries in this area tend to be above-average to offset the high cost of living. In conclusion, although living may be more expensive in 75230 Dallas, TX compared to other parts of the country, it can still be done with some budgeting and smart decision making when it comes to spending money.