Dallas is one of America’s biggest and busiest cities. Its metropolitan area is the largest in Texas, consisting of nearly eight million residents. If you love the big city lifestyle, there is plenty to enjoy about living in Dallas. From the cosmopolitan downtown to the deeply-ingrained Southwest culture, Dallas is a city that stands apart from all others.
Over the past several years, the population of Texas and its biggest city have continued to surge as people from across the country move to the Lone Star State. There is a significant appeal to the Dallas lifestyle, and many are relocating to this major city to start a new chapter in their lives. Let’s look at some of the primary aspects of Dallas that make it a top-tier city to buy a home.
Powerful Economy
When one considers a move, the new city has to provide economic opportunity, and Dallas certainly does. Moving to Dallas will give you access to a huge job market that rivals Houston as the best in the south. Texas is the second-most important state in the US economy, and Dallas is a key component of the state’s economic power.
There are many Fortune 500 companies situated in the Dallas-Fort Worth area, so residents have access to an unmatched job market. Dallas has a massive banking and finance industry, as JP Morgan, Bank of America, and Goldman Sachs all have major operations within the city. The Dallas area also has a booming tech sector; Microsoft, Dell, Verizon, and AT&T have offices there. ExxonMobil and McKesson are both headquartered in suburbs just outside the city.
Affordable Lifestyle
In most of the other major American cities with hugely powerful economies, living costs match residents’ high salaries. In Dallas, this isn’t necessarily the case. Dallas is a city notable for its affordable cost of living. There are many incredible home options in and around the city with distinct Texan styles, and they can be purchased for prices significantly lower than in other major cities.
According to Redfin, the median sales price in Dallas is about $403,000 right now. This number has steadily increased over the past several years but remains significantly more affordable than most markets. Homes in New York City or the Bay Area will often cost double that amount. Then factor in that Texas has no state income tax, and the situation only improves. With an excellent job market, relatively low real estate costs, and tax incentives, it is no wonder people are flocking to Dallas.
Vibrant Culture
Dallas is a cultural hub with an array of incredible museums, restaurants, shopping centers, and unique neighborhoods. With a significant and diverse population, the city has a cosmopolitan feel that makes it an excellent place to live. The Arts District is one of the hubs of Dallas’s culture, known for its famous performance venues like the Meyerson Symphony Center and Winspear Opera House. It also hosts the Dallas Museum of Art, one of America’s premier art museums that houses masterpieces dating from ancient times to the present.
The Dallas food scene is incredible. Because it is a large international city, food options are available from around the world. While there is plenty of the Texas barbecue that the state is famed for, you can get food from all corners of the world in Dallas, with highlights being Mexican and Asian food. Dallas also has famous shopping destinations like the NorthPark Center, Highland Park Village, and Galleria Dallas.
