Texas · Population 1,299,553 · Updated March 2026
How far your income goes in Dallas
State-level tax rates that affect your costs
Dallas has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 97 (where 100 equals the national median), Dallas residents can expect to pay median rent of $1,403/month while earning a median household income of $67,760/year.
The median home value in Dallas, TX is $295,300, with typical monthly owner costs around $1,409 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.
Texas has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.25% sales tax rate and 1.6% effective property tax rate, the overall tax environment helps keep costs manageable in Dallas.
Common questions about living costs in Dallas
Compare the cost of living in Dallas, TX with 299 other major U.S. cities