Moving to Dallas (Part 1)

By 

Lighthouse

Updated

June 23, 2022

Moving to Dallas (Part 1)

Ever thought of moving to Dallas, TX? Whether you have plans to do so or you’re thinking about, it’s good to know beforehand if the city fits your lifestyle. 

Lucky for you, the first part and second part of this guide will tackle everything you need to know about “Big D”.

Here's the breakdown of what we'll be covering in Part 1 of our Dallas City Guide. 

Chapter 1: Welcome to Dallas, TX - A City Overview

Chapter 2: Cost of Living in Dallas, TX

Chapter 3: Renting in Dallas, TX

Chapter 4: Best Neighborhoods in Dallas to Rent

Let’s hop right into it!

Chapter 1: Welcome to Dallas, TX - A City Overview 

Welcome to the great city of Dallas! Home to the Dallas Cowboys and known for being the #1 visiting and leisure spot in Texas. 

This city is the 9th largest in the U.S.- home to almost 1.3 million people. 

There's something for everyone here. Among its postmodernist architecture lie many sports arenas, museums, and entertainment spots.

Dallas harbors the largest arts district in the U.S. Additionally, the city continues to develop its green spaces to promote outdoor recreation. Their latest endeavor is the Trinity River Corridor Project. They’re expanding the river's path into more trails, sports fields, and recreational centers.

Between the State Fair of Texas, Deep Ellum District, and the Highland Park Village Shopping Centre, there's tons of places to explore! 

Dallas is a great place to live with its history, culture, vibrancy, and opportunities.

Chapter 2: Cost of Living in Dallas, TX

Although expenses are usually cheaper in Texas, the cost of living in Dallas remains high.

Cities are naturally more expensive. With that being said, Dallas' overall cost of living comes at a whopping 7.7% higher than the Texas average. 

Let's dive deeper into the average income and cost of items in Dallas. 

Income in Dallas, TX

So, this is the question we all want answered. What's the average income in Dallas when comparing it to the rest of the US? Well, the good news is that it doesn't veer too far from the American average. 

The United States Census Bureau found that the median income in 2019 was $52,580 per household. 

The median annual income across the US was $62,843. Despite this, Dallas still presented a 5.98% yearly wage growth. 

In case you only support yourself on your salary, the average income per individual was $34,479. 

Average Cost of Items in Dallas 

Although the average income in Dallas is lower than the American average, that may not be a huge deal. 

If you're considering a move to Dallas, you need to compare your salary to your expenses. The city has a cost of living that is 2% above the national average. 

On the bright side, even though living in Dallas is a bit more costly, it's nowhere near as expensive as New York. 

Let's go over the average cost of some items in Dallas with this chart down below.

Chapter 3: Renting in Dallas, TX

The rent in Dallas is a little higher than that of the national average. Despite this, the city's rent is still pretty affordable when compared to other U.S. metro areas. 

Nonetheless, the rent throughout the city will fluctuate depending on time, unit size, and neighborhood. 

However, we found that the rent for a studio apartment in Dallas averaged around $1,400. For a 1-bedroom apartment, the average rent cost was $1,465, while for a 2-bedroom, it was around $1,990. 

Rent prices have been growing over the years, usually increasing by 1-3% every year. 

If you’re looking for a rental home in Dallas, Lighthouse will help find you one while letting you save. Their cashback program also lets you earn some of the money you’ll lose to the higher cost of living. It’s a win-win!  

Chapter 4: Best Neighborhoods in Dallas to Rent 

Locals can all confirm that the city is brimming with opportunity and life. Every Dallas neighborhood has something different to offer! 

Which location would best suit your lifestyle? Find out down below as we go over some of the best neighborhoods in Dallas.

Most Affordable in the City: Cedar Crest

Cedar Crest is a vast neighborhood that offers diverse music and dining spots. It's located south of Downtown Dallas. 

The rent in this area is quite affordable, averaging around $850 for a 1-bedroom apartment. This area is a great option for those who want to save but don't want to live outside the city. 

Most Affordable Suburbs: Lake Highlands

Located in the suburbs of Dallas, Lake Highlands is a great area for families and couples. It offers easy access to Downtown Dallas and strong schools. 

Renting comes at an affordable price, averaging at $880 for a 1 bedroom apartment. This is the perfect place for those looking to settle down. 

Best for Nature Lovers: Lakewood

Lakewood is the perfect mix of urban and suburban living. It's located east of Downtown Dallas and near White Rock Lake. There are a lot of coffee shops, restaurants, and shops around. 

The neighborhood also offers tons of opportunities to do outdoor activities. You can take up jogging, kayaking, paddleboarding, cycling, rowing, or sailing. 

There are also many neighborhood parks, perfect for those who have kids or pets. 

Best for Students: University Park

Most students tend to value walkability, affordability, safety, and entertainment value. 

That's why University Park is where most 18 to 24-year-olds reside. Many schools surround this area, catering well to many students. 

It provides an engaging and effective learning community for school-goers. It also has low crime rates, restaurants, bars, and tons of student housing. 

Most Urban: Uptown

Uptown is just north of Downtown Dallas. It's the perfect neighborhood for those who thrive in an urban environment. 

You can find many young professionals living in this area. All the restaurants, bars, and shops liven up the atmosphere, creating a sociable environment. 

Best for Nightlife and Music Lovers: Deep Ellum

Deep Ellum is the center of the Dallas music scene. It lies east of Downtown Dallas. Most of the city’s live music bars, theatres, and comedy houses are found in this area. 

Its bustling nightlife comes from its many bars, clubs, and festivals. If you enjoy socializing, a rich cultural environment, or grabbing a drink, this area is for you!

Most Trendy & Art-Forward: Bishop Arts District 

South of Downtown Dallas, the Bishop Arts District has lots to offer. It's buzzing with entertainment, art, dining spots, and nightlife. 

This area is great for the social butterflies who like a vivid cultural scene. Catch a show or musical production at the Bishop Arts Theatre Center or Kessler Theatre. 

If you're more of a film junkie, the city also has the Texas Theatre that shows classic and indie movies. 

Conclusion

Let’s quickly go over what we spoke about in Part 1 of this Dallas City Guide. 

The cost of living in Dallas is 1.6% higher when comparing it to the national average. Rent remains relatively affordable for a large metro area, averaging at $1,383. Dallas is rich in history, culture, and entertainment. The city is packed with bars, comedy clubs, theatres, art galleries, parks, and beer gardens. If you’re wondering about a specific activity, Dallas probably offers it. Every neighborhood in Dallas also has something different to offer. You can definitely find a home in an area that appeals to your interests. 

If you’re apartment hunting in the Dallas area, Lighthouse offers up to $1,200 in cashback when you sign a new lease. Check us out to find your next rental home!

What did you find the most interesting about this article? Let us know in the comments! 

You can read the second part of our Dallas City Guide if you’re interested in the city’s hidden gems, job market, and transportation system.

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