Dallas, Texas Overview Dallas, Texas is one of the largest cities in Texas, and when combined with its neighboring ...
Dallas, Texas Overview
Dallas, Texas is one of the largest cities in Texas, and when combined with its neighboring city Fort Worth and surrounding suburbs, the metropolitan area is the fourth largest in the U.S. with a population of 6,810,913 in 2013. Dallas itself had a population of 1,257,676 in 2013. Several universities, including The University of North Texas at Dallas, Texas Woman's University and University of Texas Southwestern Medical School, along with Texas Instruments and an international airport all provide jobs for the area.
According to Forbes, the Dallas cost of living, as of July 2014, is 6.9 percent above the national average. The main areas where Dallas has a higher than average cost of living are goods and services, healthcare and utilities. Almost 10,000 people migrated to Dallas in 2013.
The median household income is $58,451 with a 0.3 percent decline in recent household income growth. Forbes reports the median home price as $188,000, and the price of homes in Dallas has seen a 10.2 percent rise in recent years. The average rent for a one-bedroom apartment in the city's center is just over $1,100, whereas the average rent for a one-bedroom outside the city's center is only $786 in 2014.
Dallas Job Opportunities
Leading industries for Dallas jobs are finance, technology and defense, according to Forbes. One of the largest employers for jobs in Dallas, TX is the Dallas/Fort Worth International Airport, with more than 20 airlines serving the airport and each providing jobs for thousands of people. American Airlines, with its headquarters in Forth Worth, employs over 24,000 people. Second in line is Bank of America, providing over 20,000 Dallas, TX jobs. Check out Fort Worth jobs as well, since the two cities make up the larger metropolitan area.
Dallas Employment Trends
Forbes lists Dallas as number 13 on their list of Best Places for Business and Careers, and number 28 on their Job Growth list, making jobs in Dallas a good choice for anyone seeking employment. In August of 2014, Dallas' unemployment rate was at 5.1 percent, slightly lower than Texas' unemployment rate of 5.3 percent.
Though Wall Street might initially come to mind for jobs in the financial sector, Texas in general, and Dallas jobs specifically, are growing in the private financial sector. According to New Geography, an online magazine, Dallas-Fort Worth saw a 14 percent increase in financial jobs between 2007 and 2012. Medical professionals will also find thousands of healthcare jobs in Dallas.