Posted by Richard Soto-Broker on Saturday, June 17th, 2023 8:01pm.
Dallas beckons you with shimmering skyscrapers rising from the prairie.
For a century now, fortune hunters have come from miles around, drawn by the city's glittering promises.
The opportune grid of streets laid down by the city's founders has channeled a torrent of change and amplified ambition.
There is wealth here, and prosperity—but also culture, and history waiting to be unlocked. Continue reading to discover why Dallas truly lives up to its nickname: the City of Romance and Magic.
Are you searching for the right place to call home in Dallas or anywhere in Texas? Contact us and we will help you find the perfect place to call home.
Dallas has a robust economy that offers plenty of employment opportunities for all ages and professions. The city's thriving economy is bolstered by a variety of industries that have helped it to achieve exceptional growth.
Here are some of the important sectors that are driving the city's economy:
Thanks to the presence of major tech firms such as AT&T, Texas Instruments, and Dell Technologies, Dallas has recently emerged as a major technology hub.
Banks such as JP Morgan Chase, Bank of America, and Wells Fargo are among the numerous national and local banks located in Dallas. With businesses such as Liberty Mutual and State Farm, the insurance sector is also flourishing.
Dallas is home to a thriving healthcare industry that includes top-tier hospitals, biotech businesses, and medical research institutes.
With a flourishing housing market and a steady flow of commercial and infrastructural developments, Dallas boasts a strong real estate and construction industry.
The Bureau of Labor Statistics reports that Dallas' unemployment rate in December 2022 was 3.40%. Dallas County's unemployment rate hit a ten-year high of 12.60% in April 2020 and a record-low of 3% in December 2019.
Metro Summary
| Metro | Unemployment Rate (As of Feb 2023) |
| Austin–Round Rock | 3.3% |
| El Paso | 5.0% |
| Fort Worth–Arlington MD | 3.8% |
| Houston–The Woodlands-Sugar Land | 4.6% |
| McAllen–Edinburg–Mission | 7.0% |
| San Antonio–New Braunfels | 3.9% |
Note: The table above provides a general comparison using the latest available data.
There are many outstanding educational institutions in Dallas, including prestigious universities and highly regarded public and private schools. With approximately 150,000 students enrolled in 230 schools, Dallas Independent School District (DISD), the second-largest school district in Texas, covers each educational level, from elementary to adult education.
For higher education pursuits, the city is home to universities such as the University of Texas at Dallas (UTD) and Southern Methodist University (SMU). In addition, the Dallas County Community College District (DCCCD), which comprises seven community colleges, offers continuing education programs, associate degrees, and workforce certifications.
Dallas has a cost of living that is 2% higher than the national average and 11% higher than the state average. It also has a lower cost of living when compared to other major American cities. Although housing and transportation costs can be high, other costs such as food are often at par with national averages. With that in mind, the average salary in Dallas is roughly $65,000 per year.
As of March 2023, the median listing home price in Dallas was $429,900 compared to the U.S. average of $428,700. For renters, a one-bedroom apartment averages $1,239 per month, while a two-bedroom will cost $1,700 per month. However, the cost of living can be much higher than the city average in some of Dallas' most coveted communities, including Uptown Dallas and Oak Lawn.
|
Category |
Dallas |
Texas |
United States |
|
Rent |
4% lower |
1% lower |
12% higher |
|
Utilities |
14% higher |
8% higher |
4% higher |
|
Transportation |
10% lower |
9% lower |
10% higher |
|
Groceries |
5% lower |
3% lower |
5% higher |
|
Healthcare |
13% higher |
12% higher |
10% higher |
|
Miscellaneous |
7% higher |
6% higher |
8% higher |
|
Overall |
11% higher |
9% higher |
10% higher |
You can see that the cost of living in Dallas is a bit higher than the state and the country averages. The cost of housing and groceries are two instances where Dallas is less expensive.
The city of Dallas never runs out of things to do. From outdoor adventures to arts and culture, there's always something to explore and experience. Are you in the mood for museum hopping? Discover numerous museums such as the Perot Museum of Nature and the Dallas Museum of Art, as well as art galleries, theaters, and music venues that suit all tastes.
Spectator sports fans will find a team to root for be it a favorite professional team or a college sports team. Come pack the stands with the whole town at the storied AT&T Stadium, the home of the Dallas Cowboys, or take in a game of baseball at Globe Life Field, home of the Texas Rangers.
For outdoor aficionados, Dallas features several parks, trails, and lakes where you can go hiking, biking, fishing, or boating, allowing you to enjoy the beauty of nature.
Some of the top destinations include:
Living in a fashion-forward city like Dallas allows you to indulge in retail therapy in some of the best shopping scenes in Texas. Enjoy a retail adventure while shopping for local and international brands at established shopping hotspots such as NorthPark Center and Bishop Arts District. In your downtime, restock your pantry and wardrobe at the Dallas Farmers Market.
Dallas comes alive at night, with a vibrant nightlife scene that offers a variety of options for entertainment and fun. This makes it the ideal destination for adult getaways and recreation. The Big D has plenty in the way of breweries, pubs, bars, and live entertainment, with Deep Ellum and Uptown Dallas the ideal nightlife hotspot.
Dallas has a subtropical climate, which means it has hot summers and mild winters, making it a great destination for people who want to spend time outside.
Dallas experiences hot, muggy summers with daytime averages between the mid-90s and low 100s Fahrenheit (35-38°C). However, at the height of summer, which lasts from June through August, heat waves with temperatures rising beyond 100°F (38°C) are frequent. Summertime also sees a lot of thunderstorms with occasional severe weather including hail, powerful gusts, and heavy rain.
Fall is a temperate and pleasant season in Dallas, with daytime highs in the 80s gradually dropping to lows in the 70s (26–23°C). Dallas does not experience as much fall foliage as other parts of the United States, with the leaves changing color in late October to early November.
Dallas experiences relatively warm winters, with daytime highs in the mid-50s to mid-60s Fahrenheit (12-18°C). Although they are uncommon in Dallas, cold fronts on occasion bring icy conditions and even snowfall.
Mild temperatures and occasional thunderstorms characterize spring in Dallas. During the day, temperatures steadily rise from the 60s to the 80s Fahrenheit (15-27°C). Flowers also begin to bloom in Spring.
Boasting a vast variety of restaurants serving everything from traditional Texan fare to international cuisines, foodies will be lost for choice thanks to Dallas' diverse culinary scene. Some of our must-try recommendations include Tex-Mex, BBQ, steakhouses, and food trucks.
One notable restaurant that has gained prominence in Dallas is Yardbird Southern Table & Bar. It has become the go-to place for foodies thanks to its delectable Southern-inspired cuisine, including exquisite fried chicken and waffles. Yardbird is a favorite among locals and tourists alike owing to its cozy ambiance and mouthwatering dishes.
Dallas is well known for its family-friendly environment, making it the ideal place for a growing family. The city provides a wide range of family-friendly activities, youth programs, and sports leagues that allow children of all ages endless opportunities for fun and education.
For basketball enthusiasts, Be Elite Basketball is a premier basketball academy in Dallas that provides top-notch training programs for players of all ages and skill levels. For individuals who are passionate about the game, BEB offers a remarkable sporting experience with excellent coaching and cutting-edge facilities.
Dallas offers big-city entertainment in spades: an iconic music scene, cutting-edge museums, grand sports arenas, and a delicious diversity of cuisines from tacos to Thai. Adventure awaits at every turn, whether you're young or young at heart.
If plentiful jobs, affordable living, and endless learning opportunities are what you're after, then Dallas should be at the top of your list. So what are you waiting for?
Contact us to start your journey and find the perfect place for you and your loved ones to finally call home. Come explore the streets that have sparked so much progress, passion, and possibility. The magic of Dallas is calling!