Is Dallas A Good Place To Live?
Located in the north-east side of Texas, close to the border with Oklahoma, the city of Dallas, TX is the third-largest city of Texas. With a population of over 1.3 million residents, Dallas has been on a steady climb more or less since it became an independent city back in 1836.
Nowadays, the city of Dallas, TX is one of the fastest-growing major cities in the U.S. coming in at #4 with a growth rate of approximately 2%. The economic growth attracted more companies and because of that, the population grew in diversity and numbers.
The city can pride itself on its diversity and great zoning laws that helped with both traffic and the way in which the city is organized. The zoning laws also limited segregated living and helped develop neighborhoods with close proximity to entertainment venues and schools.
With a median household income of $69,000 and a job market with ample opportunities, the city of Dallas, TX is attracting more young professionals and families every year. The job market has come a long way from the times of cowboys and ranchers. Now, an economic hub, Dallas has a very diverse market for employees. With the biggest collection of Forbes 400 members of Texas, having 17 billionaires and 22 out of the Fortune 500 companies located in the Dallas-Fort Worth area, Dallas attracts major companies to relocate here. The major industries are Technology, Financial Services, Defense and it’s in second place on Forbes list of Best Cities for Business and Careers.
The housing cost in Dallas, TX is 18% lower than the national average but slightly higher than the Texas average, but it is still a great option for families to relocate. Dallas is a place where a family will find all that they require for a good life. With a school system that has increasing test scores and many options for post-graduate studies, Dallas provides families the opportunity of good education that doesn’t stop once you finish school. Companies further invest in their employees as they created programs to facilitate the development in the dynamic economy.
The biggest downside for Dallas, however, is the crime rate. Annual crimes in Dallas averages 44% higher than Texas and higher than the national average by 56%. Unfortunately, the percentage of violent crimes is the major problem as it is 86% higher than that of Texas and 101% higher than the national average. As with most major cities, there are some areas that are better to be avoided. In Dallas, the most unsafe area is that which is north of Trinity River, all the way to Harry Hines Boulevard and the Highland area. Realtors in Dallas TX can help you in finding what is best suited for you and your family.
Dallas, TX has a lot of things to offer and if Dallas doesn’t seem like a great match for you, it’s amazing suburbs are sure to be perfect for your family. The Dallas-Fort Worth Metroplex has amazing housing and living options, you only have to look for what you expect from your family life and take that into consideration. The welcoming Southern energy can be found in most places and the food here is amazing, so don’t forget to exercise enough and drink plenty of water in the summer.
Popular Real Estate Glossary Terms
English style of architecture characterized by carving and paneling and flattened arches. ...
Half oval window. It is usually small and placed over a doorway serving a decorative purpose. In some case, the window may be mounted with a hinge at either end to a permit opening for ...
Note having more than one maker, if one or more of the makers default on the note, all makers are sued jointly, rather than just one or all, to make restitution ...
The willingness of a lender to give a mortgage to a mortgagor. A mortgage commitment will give a time period the mortgage will be given and an indication of the interest rate to be charged ...
An organized group of ethical behavior guidelines governing the day-to-day activities of a profession or organization. ...
Certificate of an officer stating that a sworn statement is genuine stating when, where and before whom the statement was sworn. A jurat commonly appears at the bottom of an affidavit. ...
The clear, open and active occupancy of real estate. For example, notorious possession is one of the tests for adverse possession. ...
Group of investors pooling their money to purchase real estate. ...
An adjustment to the internal rate of return (IRR) computation so as to improve this measure. This uses a risk-free after-tax rate and a customary rate for money reinvestment. ...
Have a question or comment?
We're here to help.