Dallas is an ever growing and vibrant city located in the heart of Texas that offers a variety of amenities and activities for individuals, families and businesses alike. With its robust job market and relatively low cost of living Dallas is an attractive option for those looking to move to the Lone Star State and start a new life. But, when it comes to deciding how much money it takes to be content and live comfortably in Dallas there isn’t a clear cut answer.
When it comes to simply getting by in Dallas the basics such as rent, utilities, food and other essential services need to be taken into account. According to Numbeo the average cost of living in Dallas is $1,650 per month but the exact monthly cost of living depends on the lifestyle an individual or a family is looking for. For instance, a studio apartment in the inner city averages around $1,100 per month while a two bedroom apartment will cost an average of $1,600. In terms of utilities, electricity, water and gas will add around $140 to the monthly expenses.
For those looking for a higher standard of living in Dallas, the expenses can add up quickly. Commuting costs can significantly increase the cost of living since Dallas is divided into multiple distinct neighborhoods. The city is also known for its food scene with countless restaurants providing great cuisine from all over the world. Eating out frequently can add to the monthly expenses significantly. Other expenses such as entertainment, shopping and family activities also need to be taken into account.
In terms of salary, the U.S. Bureau of Labor Statistics reports that the annual median wage in Dallas is around $50,000. Indeed estimates the average salary in Dallas at around $73,000 per year. A salary of $50,000 should enable an individual to get by in Dallas but it won’t be considered a high standard of living. Those looking for a higher standard of living will require a salary of at least $90,000 a year.
So, how much money does it takes to be happy and live well in Dallas? It depends greatly on the lifestyle an individual or family is looking for. For those looking for a basic yet comfortable life a salary of around $50,000 a year should enable individuals to get by comfortably. For those looking for a higher standard of living a salary of around $90,000 a year is recommended. Ultimately, how much money it takes to be happy and live well in Dallas is a subjective matter.
Cities With Higher Cost Of Living Than Dallas
1. New York City, New York
New York City tops the list of cities with the highest cost of living. While it’s well known for its entertainment, culture and job opportunities, it’s also home to some of the most expensive places to buy goods and services. A single person’s monthly expenses here can range from $1,800 to $2,554.
2. San Francisco, California
With its vast job market and unique culture San Francisco comes in a close second for most expensive cities. Monthly expenses for a single person can range from $1,838 to $2,621.
3. Boston, Massachusetts
The city of Boston is the third most expensive city to live in with monthly expenses for a single person ranging from $1,783 to $2,514. It’s home to amazing job opportunities and universities as well as an interesting mix of cultures and attractions.
4. Oakland, California
Oakland is the fourth most expensive city in the U.S. with monthly expenses for a single person ranging from $1,739 to $2,438. The city offers plenty of attractions including museums and art galleries as well as plenty of job opportunities.
5. Honolulu, Hawaii
Besides the beautiful beaches and amazing views living in Honolulu means you’ll have to pay an average of $1,731 to $2,429 per month. Housing prices here are some of the highest in the country making it one of the most expensive cities to live in.