Dallas, TX, has a two bedroom rent average of $1,730 which is much higher than the US national average of $1,430. The Grocery Cost Index in Dallas is 97 versus the US index of 100 proving that goods are more expensive. Local companies such as Kroger and Tom Thumb can be used as proof as they offer staples at prices significantly higher than other parts of the country. In addition, restaurants such as Dickey’s Barbecue Pit have menu items costing more compared to locations in other states. It's clear that Dallas attracts a high cost of living which can be seen in it's housing costs and grocery prices.
Dallas (zip 75254) has an unemployment rate of 7.4%. The US average is 6.0%.
Dallas (zip 75254) has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 45.1%, which is higher than the US average of 33.5%.
Tax Rates for Dallas (zip 75254)
- The Sales Tax Rate for Dallas (zip 75254) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Dallas (zip 75254) 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 (zip 75254)
- The average income of a Dallas (zip 75254) resident is $42,130 a year. The US average is $37,638 a year.
- The Median household income of a Dallas (zip 75254) resident is $62,569 a year. The US average is $69,021 a year.