A Breakdown of the Cost of Living in Dallas, TX
- Housing is 12% lower than the US average. The average home price in Dallas, Texas is $468,187 compared to the national median of $510,000. If you're buying a new house in Dallas, plan to put down 15–20% of the home price upfront as a down payment. With current rates around 6.83%, your mortgage payments are more manageable than pricier metros.
Renting in Dallas costs 10.68% lower than the national average of $1,627. A one-bedroom apartment in Dallas is around $1,513 per month, while a two-bedroom averages $1,869. While rents are competitive, keep in mind that luxury amenities aren't guaranteed, and parking fees often cost extra in premium neighborhoods. - Utilities are 13% lower the national average. After all, Texas summers can keep your AC running non-stop from May through September. Energy bills cost around $263.04 per month, significantly higher during peak summer months when temperatures exceed 100°F for weeks. HOA fees range from $200 to $400 per month, varying by building and neighborhood.
- Food prices in Dallas are 2% lower than the US median. A gallon of milk costs roughly $4.59, compared to $4.30 in Los Angeles or $3.50 in Houston. If you're a family of four, you can expect to spend $1,000 to $1,300 each month on groceries. If you're a single adult, set aside $350 to $500 per month, depending on your eating habits.
- Transportation costs are 16.59% lower than the US average. Gas costs in Dallas average $2.87 per gallon, which is 8% lower than Los Angeles ($3.35) and 15% below New York City ($3.60). While monthly car insurance premiums in Dallas are higher (averaging $200 vs. the national average of $183), lower gas prices and generally shorter commute times help keep overall transportation expenses manageable. Just be sure to budget for tolls, parking, and regular maintenance, especially if you drive daily.
- Healthcare costs in Dallas are 3.12% lower than the national average. A routine check-up is $130, compared to $120 in Austin or $135 in San Antonio. Dallas offers excellent healthcare access, with world-class facilities like UT Southwestern. If you end up in the ER for something like a sprained ankle from a weekend soccer game, you might pay around $2,500 without insurance.
- Miscellaneous expenses are 14.13% lower than the national average. This covers everything from Cowboys game tickets to gym memberships (averaging $80 to $120 per month) and weekend barbecue in Deep Ellum. A family day at the Dallas Zoo costs up to $120, while date nights in Bishop Arts District may reach $150 or more.
Moving to Dallas, Texas? Be ready for slightly higher living costs. But hey, the city’s vibrant culture and southern hospitality are free—just make sure your paycheck can handle everything else! 👉 Next Step: Compare single-family homes in Dallas, Texas
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Browse Homes For Sale in Dallas, TXIs Living in Dallas, TX Too Expensive?
With a budget of $470K, you'll get a solid single-family home in Dallas with a two-car garage. In contrast, that same amount might only fetch you a small condo in San Francisco, or a fixer-upper in Los Angeles. Moreover, reasonable food prices, competitive healthcare costs, and lower transportation expenses help offset Dallas slightly higher utility bills.
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Miscellaneous Costs in Dallas
What Salary Do You Need to Live in Dallas, TX?
- Homeowners spend $99,768 per year: This includes mortgage payments, property taxes, homeowners insurance, utilities, groceries, and transportation. Neighborhoods like Lake Highlands or Oak Cliff offer stable homeownership costs that remain manageable with a consistent income.
- Renters spend $56,496 per year: With average rent around $1,513 per month, plus utilities, internet, groceries, and other essentials, renting in Dallas is manageable with some budgeting. While trendy areas like Uptown or Deep Ellum can be pricier, you can find more affordable options in neighborhoods like Far North Dallas or Pleasant Grove.
- Families with kids spend $104,580 per year: Once you factor in larger housing, childcare, education costs, healthcare, and increased food and transportation expenses, your annual living costs rise significantly. For families with children under 18, a six-figure income is often necessary to live comfortably in family-friendly areas like Plano, Frisco, or McKinney.
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