Dallas is one of the 10 largest cities in the entire country with a population of just under 1.3 million people. While it was once prominent for its oil and cotton industries, the economy of Dallas is now quite diverse and large. In addition to many skyscrapers and businesses, Dallas is also home to many shopping malls, museums, a large arts district and more. There is so much to do and see in Dallas, and the area is one of the fastest growing in the country.
They say everything is bigger in Texas, and this goes double for Dallas. There are skyscrapers galore, big personalities, and big business. As mentioned in the introduction, Dallas and the surrounding area was once famous for its role in the oil and cotton industries, but their economy has evolved big time. The overall GDP of the metropolitan area in DFW (Dallas-Fort Worth) is over $500 billion, making it one of the largest on the planet.
However, the Big D isn’t all about business, it is also a hub for recreation. Whatever your interests are they can be satisfied in the Dallas-Fort Worth Area. The area has major sports teams from every league, there are a number of great museums in the area, and Dallas features one of the largest Arts districts in the country.
With the weather being so good and mild throughout the year, there is also plenty to do outside in and around Dallas. Parks are plentiful around Dallas and there are lots of cycling and walking paths. Also, don’t underestimate the restaurants and bars in the area, as there are some real gems that can be found.
Dallas was formally incorporated as a city in 1856. With the construction of railroads in the area, Dallas became a business and trading area and experienced a boom. It became an industrial city and attracted people from all over the place. The city continues to be a major center to this day and has a varied and very diverse economy.
Despite the fact it has a great and diverse economy, and is a popular place to live, the rent in Dallas is actually quite affordable compared to other large cosmopolitan cities. The average rent in Dallas sits just over $1200. However, not everywhere in Dallas will be this cheap. Rent could be much higher (or lower) based on things like commuting times, safety, proximity to amenities, style of architecture, and other factors.
The options for real estate to rent and live in throughout Dallas are plentiful. While some of the homes and buildings in Dallas come from the late 19th century and early 20th century, much of the architecture is newer. As a result, those who prefer modernist, postmodernist, and other newer types of homes and apartments with find tons of viable options. However, there are some traditional options scattered throughout Dallas for those who want to rent somewhere older. Also, due to the size of Dallas, you have the options of living near the downtown or busier neighborhoods, but also in quieter or more suburban areas if that is what you prefer.
Like many other major cities in this country, driving is the primary mode of local transportation in Dallas. About 75-80% of all residents drive to work every day in Dallas, and the next most popular way of getting around is carpooling. Four different major interstate highways connect in Dallas, so there are plenty of ways to get in, out and around in the city. While congestion can be a problem with over a million people living in the city, the existence of many large roads and highways helps keep it to a minimum.
Despite the prevalence of driving, the city has been trying to make efforts to increase the viability and availability of alternative methods of transportation. These include the creation of bike paths, light rail lines, buses, and a trolley system. There are many stations (bus and rail) located throughout Dallas, and you will likely never be more than a few minutes away from a stop.
| Bedrooms | Rent | Rent / sqft |
|---|---|---|
| Studio | $1,229 | $27 |
| 1 BR | $1,300 | $22 |
| 2 BR | $1,940 | $21 |
| 3 BR | $2,800 | $20 |
| 4+ BR | $3,595 | $19 |
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Dallas is located within the Dallas - Fort Worth - Arlington, TX Urban Area. This area currently has 5,516,663 residents in 1,956,261 households. Out of the total population, 33.97% of the residents speak another language at home instead of English. The majority of the inhabitants in this urban area are currently unmarried and have a median age of 34.
When looking at residents older than 25, around 21.88% have graduated from high school, 21.92% have a bachelor's degree, and 11.46% have obtained their master's degree or above. Employment rate is typically around 65.1% and the median income in this urban area is $59,725.
At least 43.27% of those living in this urban area are renting their homes. Most residents will commute to work by car with an average commute time of 27 minutes.
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