Cost of Living in Dallas, Texas
Dallas has a population of about 1,307,930. The median household income is $70,518, median gross rent is $1,472/month, and the median home value is $320,700. Below is how Dallas compares to the US.
Is Dallas expensive to live in?
Compared with the national median, rent in Dallas is 11% below the national median and home values are 14% below the national median. Household income here is 16% below the national median. Monthly rent represents roughly 25% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Dallas?
The median gross rent in Dallas, Texas is $1,472 per month (US Census ACS).
What is the median home price in Dallas?
The median home value in Dallas is $320,700.
How much do people earn in Dallas?
The median household income in Dallas is $70,518 per year.
Data source: U.S. Census Bureau, 2024 American Community Survey (ACS) 5-Year Estimates. Last updated 2026-07-11.