Cost of Living: New York, NY vs Dallas, TX (2026)

New York

New York
166
VS

Dallas

Texas
97

New York is 71% more expensive than Dallas.

$1,779/mo ↑ 27%
Median Rent
$1,403/mo ↓ 21%
$79,713/yr ↑ 18%
Median Income
$67,760/yr ↓ 15%
$751,700 ↑ 155%
Home Value
$295,300 ↓ 61%
$1,837/mo ↑ 30%
Owner Costs
$1,409/mo ↓ 23%
8,516,202
Population
1,299,553

Tax Comparison

10.9%
Income Tax
0%
4.0%
State Sales Tax
6.25%
1.62%
Property Tax
1.6%

Affordability

26.8%
rent-to-income
Affordability
24.8%
rent-to-income

Detailed Comparison

When comparing New York, NY and Dallas, TX, the overall cost of living indices are 166 and 97 respectively (national median = 100). Rent is $376/month cheaper in Dallas, saving renters about $4,512/year.

Median household income is $11,953/year higher in New York. Home values also differ significantly — the median in New York is $751,700 compared to $295,300 in Dallas.

Texas has no state income tax, giving Dallas residents a significant tax advantage over New York's 10.9% rate.

Frequently Asked Questions

New York vs Dallas — common questions

Is New York or Dallas cheaper to live in?
Based on our cost index, Dallas is cheaper to live in with an index of 97 compared to 166 (US average = 100).
What is the rent difference between New York and Dallas?
Median rent in New York is $1,779/month and in Dallas it's $1,403/month — a difference of $376/month.
Which city has higher income, New York or Dallas?
Median household income is $79,713 in New York and $67,760 in Dallas. Median household income is $11,953/year higher in New York.
How do taxes compare between New York and Texas?
New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to New York or Dallas?
It depends on your priorities. New York has a cost index of 166 with median rent of $1,779/mo, while Dallas has a cost index of 97 with rent of $1,403/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View New York details → View Dallas details →

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