Is Dallas A Good Place To Live?

Definition of "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. 

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Questions

Popular Real Estate Glossary Terms

Adding a period of time onto another. An examples a mortgagor who successfully restructures his loan by tacking another five years onto the term. ...

Market Analysis in the Real Estate Market is basically research done concerning specific properties in relation to the overall current climate of the real estate industry. A good ...

Freestanding residential housing constructed on its own building lot. Detached housing is the typical type of housing found in suburban developments. ...

As a hopeful house hunter, renter, or seasoned real estate investor, you've probably come across baffling terms. One such term is "adhesion contract." It might sound complex, but don't ...

Provisions of credit that apply when a loan is paid. ...

Also called a like-kind exchange. An exchange in which tax benefits are available to real estate owners planning to sell their investment, rental, business or vacation real estate, and ...

Charges resulting in involuntary encumbrances against real property derived from legislated law rather than from debts owed to organizations o r individuals. For example, of a homeowner ...

Federal agency within the Department of Housing and Urban Development that provides financing to home buyers, particularly those with little cash or with a need to lower monthly payments. ...

The term amenity value refers to the worth or pleasant feeling added by using or seeing something. The amenity value definition would be the value that an individual amenity adds to the ...