Working in Dallas, Texas, comes with lots of perks. It is a beautiful city with plenty of employment opportunities. I suggest that you consider working in the town if you are looking for the perfect blend of culture, history, and employment options. The unemployment rate in Dallas is below the national average. Forbes ranks it as one of the best places for careers and businesses. There are plenty of Fortune 500 companies, and the cost of living is fair. You can afford a decent life with the minimum wage in Dallas Texas.
The average salary in Dallas is $70,467. The most popular job titles in the city are Project Manager, Software Engineer, and Operations Manager. The average salary of a Software Engineer is $79,000. Operations Managers earn an average of $67,000, and Project Managers earn an average of $76,000.
Whether you plan on moving to Dallas, TX, in pursuit of employment or as an employer, you may have questions about the average salary. The question ‘ what is a good salary in Dallas?’ is likely to come up. Even though the cost of living is fair, you may be unsure of whether it is the righty city for you to work. Keep reading to learn more about the city and what it has to offer.
AVERAGE SALARY IN DALLAS, TEXAS
The average salary in Dallas, TX, is $70,467. It is higher than the United States average of $70,430. The salaries range from as high as $146,577 to as low as $20,011. However, most employees earn from $41,021 to $97,551. Employers may determine your average salary in Dallas by age, skill, and level of experience. Naturally, more expertise and experience mean a better pay.
Some of the most common jobs in the city include:
JOB AVERAGE ANNUAL SALARY
- Chief executives $242,020
- Software Engineer $79,000
- Director of Operations $95,000
- General Dentists $207,180
- Operations manager $67,000
- Computer and Information Systems Manager $161,880
- Project Manager $76,000
- Financial Analyst $60,000
- Account Manager $55,000
- Executive Assistant $58,000
- Architectural and Engineering Manager $162,730
- Family Medicine Physicians $213,390
- General Pediatricians $216,150
- Lawyers $144,109
- Surgeons $238,410
- Psychiatrists $236,510
- Sales Managers $146,230
- Marketing Managers $149,420
- Financial Managers $145,700
- Veterinarians $126,470
- Computer Programmers $95,620
- Human resource managers $126,470
- Nurse-Midwives $92,560
Some of the most popular employers in the city include the University of Texas Southwestern Medical Center at Dallas, Southwest Airlines Co, Lockheed Martin Corp, and AT&T Inc. The average salary in Lockheed Martin Corp is $55,000-$120,000. Southwest Airlines Co. pays an average of $44,000-$126,000, and the University Of Texas Southwestern Medical Center at Dallas pays an average of $37,000-$102,000.
Some of the most popular schools for Dallas, TX employees include Southern Methodist University, University of North Texas, and Texas Christian University.
What is a good salary in Dallas? The answer depends on your neighbourhood. However, $57,984 may be enough to live comfortably. The cost of living in Dallas is higher than in most cities in Texas. It has the highest deficit between what average people earn and the amount it takes to live comfortably. The median household income is about $43,781. Unfortunately, many people can’t afford to live comfortably.
The minimum wage in Dallas Texas, is $7.25. It is the same as the state average. It is the lowest wage under the Federal Fair Labor Standards Act.
THE AVERAGE SALARY IN DALLAS AND OTHER REASONS TO WORK IN THE CITY
There are plenty of reasons to work in Dallas, Texas. Even though the cost of living and the average salary is fair, the city has a lot more to offer. Dallas has something for everyone. There are lots of job opportunities, so you can find something in any industry. The city has a lot to offer for both experienced professionals and fresh graduates. It is home to 18 of Forbes Fortune 500 companies. They include AT&T, Exxon Mobil, Texas Instruments, and Southwest Airlines.
Dallas has a thriving economy. It is a great city for entrepreneurship. The city encourages residents to use their talents to earn income. It is one of the best cities for recent graduates. In 2017, Bankrate ranked it as the number five best place to start a career. A Times Magazine report ranked it the second-best city for recent grads and rent.
The city has lots of shopping and entertainment options. There are plenty of public parks, museums, and lakes. Dallas is home to the biggest urban arts district in the United States. There are over 13 entertainment districts. In the metroplex, there are five sports teams. They include the Dallas Mavericks, the Texas Rangers, and the Dallas Cowboys. The nightlife is vibrant, and there are many family-friendly entertainment options.
The climate in Dallas is pleasant. Dallas summers are pleasant, and it rarely snows in winter. The winters are mild, and it mostly rains at night.
The city has lots of educational opportunities. If you choose to change careers or earn higher qualifications, you will enjoy the opportunities in the city. There are public, community, and private educational institutions.
Its proximity to other big cities makes it ideal for business. It is close to San Antonio, Austin, and Houston. You can get to any of the cities within five hours.
There is a lot to see and do in Texas and Dallas can be a great place to start. From the wetlands to the deserts, canyons to beaches, the city has something for everyone.
DOES THE COST OF LIVING MATCH THE AVERAGE SALARY IN DALLAS?
The cost of living in Dallas is higher than the national average. However, it is lower than most similar cities. It is ranked 173th out of 490 cities in the world. The cost of housing is the biggest contributor to the cost of living. The average cost of a meal in an inexpensive restaurant is $14.50. The average cost of a domestic beer is $4.50 and a small coke bottle costs about $1.95.
The cost of basic utilities including water, garbage, heating, and cooling is about $151.80.
The costs of groceries, healthcare, and housing are lower than the national average. However, the cost of transportation is higher than the United States average. The general cost of living in Dallas is 101.6.
Living in Dallas, your biggest expense will be on housing. However, it is 18% lower than the United States average. The amount you spend on rent depends on your neighbourhood. Public transportation is reliable and affordable. On average, a single adult spends $4,623 per year on transportation. For a family of three, the cost of transportation is about $9905 per year. Even though the cost of public transportation is higher than the national average, it is more affordable than most similar cities.
If you are an entertainment fanatic, you may have to spend an extra $42 per month on a gym membership. If you enjoy going out to the movies, the cost of a ticket is about $12.
Even though the cost of living in Dallas is consistent with the average salary, some neighbourhoods can be expensive. Uptown is one of the most expensive neighbourhoods. The luxurious neighbourhood has plenty of amenities. It is within walking distance of various cultural hotspots, restaurants, and shopping areas. Other expensive neighbourhoods include Wander Wood, Preston Hollow, Highland Park, and Southlake. Some of the most affordable neighbourhoods include Cedar Crest, Lake Highlands, West End Historic District, South Dallas, and Wolf Creek.
WHAT IS THE AVERAGE SALARY IN THE BEST DALLAS SUBURBS?
Even though employers may determine the average salary in Dallas by age, expertise, and experience, your neighborhood may determine how much you earn.
Canyon Creek is one of the best suburban neighbourhoods in Dallas. It has a population of 3,352 and is one of the most family-friendly communities. There are plenty of coffee shops, parks, and restaurants. The public schools in the area are highly rated. The median household income is $128,076 which is a lot higher than the national average. 5% of the households earn $25,000 or less. 12% of them earn $25,000 to $44,000 and 13% earn $45,000 to $74,000. 30% of the population earns $75,000 to $149,000, and 40% of them earn $150,000 and above.
The median home value is $378,024 and the median rent is $486.
Timberbrook is a great neighborhood as well. It has a population of 2,826 and plenty of family-friendly amenities. It is close to plenty of highly-rated public schools, parks, and coffee shops. The median home value is $294,315 and the median rent is $2,425. The median household income in Timberbrook is $124,910. It is much higher than the national average.
Height Parks is a suburban neighborhood in Dallas. It has a population of 2,754 and is one of the best neighborhoods for families in Dallas. It is a suburban community cand most of the residents own their homes. The community is attractive for both retirees and young professionals. The median home value is $259,785, and the median rent is $1,346. The median household income is $92,454.
Greenwood Hills is a fantastic neighborhood, as well. It is a suburban neighborhood with a bit of an urban feel. It attracts both young professionals and retirees. The median home value is $223,430, and the median rent is $1,423. The median household income is $69,220.
About the author: Marta Kovachek is the author of this article. She graduated from the University of Chicago with a master’s degree in Economics. Marta enjoys writing about the current economic situation and loves helping our readers to find their next "destination". From places to live to complex social and economic topics, we always enjoy Marta's work. Please contact us in case of any questions.