Image by: ALEKSEY KUPRIKOV
Cost of Living in DFW
The cost of living in Dallas-Fort Worth (DFW) is generally lower than in other major US cities. According to the Council for Community and Economic Research’s Cost of Living Index, DFW’s cost of living is 3% lower than the national average. It is also lower than other major tech hubs like Austin (1% higher), San Francisco (114% higher), and Seattle (71% higher).
DFW’s housing costs are the highest of any expense category, but they are still lower than in many other major cities. Housing costs in DFW are 3% lower than the national average. Utilities are 14% higher than the national average, but groceries and transportation are both lower.
Here is a comparison of the cost of living in DFW to other major US cities:
|City:||Cost of Living Index:|
|San Francisco, CA||215|
|San Jose, CA||212|
|New York City, NY||161|
|Los Angeles, CA||151|
Overall, DFW has a relatively affordable cost of living compared to other major US cities. However, it is important to note that the cost of living can vary depending on your lifestyle and spending habits. For example, if you choose to live in a trendy neighborhood or eat out frequently, your cost of living will be higher.
Here are some additional details about the cost of living in DFW:
- Housing: The median home price in DFW is $435,131, which is lower than the national median home price of $440,300.
- Utilities: The average monthly utility bill in DFW is $202.11, which is slightly higher than the national average of $177.16.
- Transportation: The average monthly transportation cost in DFW is $132.49, which is lower than the national average of $154.83.
- Healthcare: The average monthly healthcare cost in DFW is $518.22, which is slightly higher than the national average of $499.64.
- Food: The average monthly food cost in DFW is $370.00, which is slightly lower than the national average of $379.17.
Overall, DFW is a relatively affordable place to live, especially compared to other major US cities. However, it is important to factor in your lifestyle and spending habits when budgeting for your cost of living.