Prices have gone up considerably in Big D in recent years, but other cities nationwide are even more expensive.
After spending most of our hard-earned cash to cover bare necessities, we’re sometimes pretty convinced that there’s a hole in our wallets. Has Dallas gotten more expensive in recent years, or is it just us?Relatively speaking, though, it turns out that Dallas fares pretty well in terms of affordability, said Elizabeth Renter, a data analyst with the personal finance company NerdWallet.across the U.S.
Even though a Dallasite could have a bigger salary than a counterpart in a different city, Renter said it’s possible that they’re also having to shell out more dough in Big D. Here’s an example. Employees in Dallas typically earn a slightly higher income than those in Houston, but our home prices are also higher, she said. Conversely, folks in Austin both earn more and spend more on homes than we do in Dallas.
If you think your bank account has taken a hit recently, you probably aren’t imagining things. Renter said Dallas has experienced greater inflation compared with the national rate. Prices here spiked 14% over two years but just 12% across the country. “What that tells us is unless you’ve received a raise to keep up with those rising prices, living comfortably in Dallas has gotten more difficult,” she said.
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