No matter where you live, most financial experts say that 30% of your annual income should be spent on housing. Monthly rents for a one-bedroom apartment in Dallas average around $1,390, totaling $16,680 per year. At a minimum, you’ll ideally earn at least $55,600 per year.
You can use an online cost of living calculator for a more in-depth assessment of income vs. expenses in Dallas if you'd like.
Here’s some more excellent news: the rate of job growth in Dallas is predicted to exceed the national average over the next decade. So, if you’re debating making a move, your job opportunities will be plentiful. The median household income in Dallas is about $72,265 per year, which is higher than both the median Texas household income and the U.S. median household income by several thousand dollars.