Cost of Living in Dallas, TX
Housing
The housing market plays a significant role in determining the cost of living in Dallas, TX.
- Housing Index: 115.0 / 100
- Median Home Price is: $414,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1850 per month
Considering the housing situation in Dallas, TX, the data indicates a housing index of 115.0, suggesting it is above the national average. With a median home price of 414000, potential homeowners might find the costs substantial relative to income or rental options. The average rent for a 2-bedroom apartment stands at 1800, while renting a 2-bedroom house averages 1850. Keep in mind that these figures may reflect a higher demand in the area, but assess your budget carefully, as living costs may influence your lifestyle positively or negatively.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Dallas, TX.
- Electricity Price: $14.47 USD (median by state)
- Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Dallas, TX could entail higher utility costs. Electricity costs sit at $14.47, while natural gas is priced at $26.29 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Dallas is a financially viable option for your relocation.