Quality of Life in Dallas, TX on a $173,145 Annual Income

Overview

Living in Dallas, Texas, with an income of $173,145 per year offers a high standard of living, particularly when considering the local cost of living and median home prices relative to national averages. Below is an assessment of various factors contributing to the quality of life in Dallas.

Cost of Living

• Overall Affordability:

  • Dallas has a slightly lower cost of living index compared to the national average, allowing for better purchasing power.
  • Daily expenses, such as groceries and utilities, are reasonably priced.

• Transportation Costs:

  • Below average public transportation compared to other major cities; many residents rely on personal vehicles.
  • Gasoline prices align closely with national averages, minimizing commuting expenses for those living within the metro area.

Housing Market

• Median Home Price:

  • As of recent reports, the median home price in Dallas is lower than many coastal metropolitan areas.
  • The housing market offers a range of options from affordable suburban homes to luxury urban residences.

• Homeownership Feasibility:

  • A salary of $173,145 enables the purchase of homes in desirable neighborhoods without extending financial resources.

Quality of Life

• Cultural & Recreational Opportunities:

  • Dallas offers a vibrant cultural scene, including arts, performances, and diverse dining options.
  • Numerous parks and recreational facilities enhance active lifestyles for individuals and families.

• Safety and Community:

  • Varies significantly across different neighborhoods; research and choice of area are crucial.
  • Most residential areas are considered safe with active community patrols and neighborhood watches.

Access to Healthcare

• Healthcare Facilities:

  • Dallas is home to several high-quality hospitals and specialized healthcare facilities.
  • Access to healthcare professionals and services is among the best in the state.

• Insurance and Costs:

  • With higher earning potential, access to comprehensive healthcare plans is available, ensuring adequate medical coverage.

Quality of K-12 Schools

• Public School Quality:

  • Quality varies widely, with some schools recognized for academic excellence and others requiring improvement.
  • Access to high-rated public schools depends significantly on neighborhood selection.

• Private Education:

  • Numerous private school options are available, though they may require a substantial portion of income.

Assessment Summary

Living in Dallas,