That’s according to rent.com, which based its number on the average Dallas rent price of $1,390 a month.
Experts suggest you not spend more than 30% of your annual income on housing.
If you take the average rent price for a one-bedroom in Dallas, which is $1,390, and multiply that by 12, you get what you need for housing for the year — $16,680.
The website estimates that the cost of living in Dallas is 7.7% higher than the national average, but it’s still cheaper than Los Angeles, Chicago or Boston, based on housing, food prices and the cost of utilities, transportation, health care, goods and services and taxes, although the report doesn’t mention property taxes. Dallas is among the cities with the highest property tax in the United States.
One of the least expensive neighborhoods to rent in Dallas is the Oak Cliff neighborhood of Highland Hills, where the average rent for a one-bedroom is under $800, according to the report. The most expensive neighborhoods to rent are Knox/Henderson, East Dallas, Vickery Place and Main Street District, where the average rent creeps toward $2,500.
While food and utility costs are relatively affordable, Dallasites pay through the nose for healthcare:
Healthcare costs in Dallas remain steep — 13.8% higher than the national average. A doctor visit will run you $121, a trip to the dentist costs $134 and seeing the optometrist is $98.