One of the best places to live in the world is Dallas Fort worth Texas, and the exciting part is that you do not have to break the bank when it comes to living here. When you are considering moving to Dallas, several factors need to be looked into
The good part about living in Dallas Fort worth Texas is, the cost of living is relatively affordable. So, irrespective of how much you earn, you can always live a comfortable life without tearing through your pockets.
Also, to help you settle down properly in Dallas, you need your real estate wholesaler to teach you the ropes, particularly if you do not have prior experience in settling down in Dallas.
Below are some expenses that determine your overall cost of living in Texas:
- Housing: It is crucial to note that accommodation is your most significant expense irrespective of anywhere you reside. And this cost is relative to how much you earn. If you make a high income monthly, there is a tendency for you to prefer beautiful houses that are quite expensive. Also, you will want to furnish the home to your taste, which would incur more expenses.
Currently, the cost of rent is higher by 0.2% when compared to previous years. The average cost of living regarding housing is put at $900 monthly for a median one-bedroom in Dallas. Although, discussing with your real estate wholesaler could expose you to fair home deals where you might have to pay a discounted fee instead.
- Food: If you decide to cook virtually all your meals in Dallas, you might not spend much. However, because you will be working and there would not be ample time to cook, you would want to try out the restaurants. Now, a good number of restaurants in Dallas cook delicious meals that are hard to resist. And as expected, you will be paying a fairly reasonable price for them.
It would interest you to know that you will spend around $15 for a meal at an affordable restaurant.
- Transportation: Living in Dallas Fort Worth comes with its challenges mainly because it is a big city where you have to move around. As an adult, you will spend about $4500 yearly on transportation. If you have your car, you will spend less on transportation.
You can also take advantage of the Dallas Public Transit System, which offers $96 monthly for a monthly pass.
- Healthcare: Based on the data from the Bureau of Labor Statistics and the Agency for Healthcare Research and Quality, the estimated amount an individual would spend on healthcare yearly is around $2425. While a family of three is estimated to spend approximately $7,673 annually.
For other aspects of life that incur costs such as entertainment and fitness, utilities, and the likes, you would not spend much. Interestingly, Dallas’s minimum wage is enough to keep your head above the water and still ensure you live a great life.
If you are new to Dallas and need help settling down and adjusting to how things work, it is crucial to involve your real estate wholesaler. Hopefully you are now informed on the cost of living in Dallas Fort Worth Texas and if you want to live there or not.