Salary & Cost of Living in Dallas, TX
Dallas, TX: $68,000 median salary, cost of living index 102, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$68,000
$33/hr
Cost of Living
102
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
3%
rate
Dallas, TX Overview
Population
1,304,379
Median Salary
$68,000
Average Salary
$76,000
Avg Commute
27 min
Median Home Price
$320,000
Median Rent
$1,450/mo
Job Growth
+2.8%
Sales Tax
8.25%
Dallas is located in Texas with a population of 1,304,379. The median household salary is $68,000 per year ($33/hour), which is $8,616 above the national median of $59,384. The average commute time is 27 minutes, and the city has a job growth rate of +2.8%.
Dallas Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Dallas, TX, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$56,224
$4,685.33/month · $2,162.46/biweekly · Effective Rate: 17.3%
Gross Pay
$68,000
Federal Tax
-$6,574
State Tax
$0
Local Tax
$0
FICA
-$5,202
Net Pay
$56,224
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,666.67 | $68,000.00 |
| Federal Income Tax | -$547.83 | -$6,574.00 |
| Texas State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$351.33 | -$4,216.00 |
| Medicare (1.45%) | -$82.17 | -$986.00 |
| Net Take-Home Pay | $4,685.33 | $56,224.00 |
Salary Comparison: Dallas vs Other Cities
See how Dallas's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Dallas, TX | $68,000 | 102 | $66,667 |
| National Average | $59,384 | 100 | $59,384 |
| Santa Rosa, CA | $68,000 | 140 | $48,571 |
| Hayward, CA | $68,000 | 145 | $46,897 |
| Fort Collins, CO | $68,000 | 108 | $62,963 |
| Pearl City, HI | $68,000 | 175 | $38,857 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Dallas
Dallas's cost of living index is 102 (national average = 100). Living in Dallas is 2% more expensive than the national average.
Median Home Price
$320,000
Median Monthly Rent
$1,450
Annual Rent Cost
$17,400
Your Salary's Purchasing Power
Your $56,224 annual take-home pay in Dallas has the purchasing power of approximately $55,122 in an average-cost US area. You would need to earn $69,360 in Dallas to match a $68,000 salary in an average-cost city.
Top Industries in Dallas
Dallas's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $68,000.
Salary Tips for Dallas Workers
- No state income tax advantage. Texas has no state income tax, which means more of your paycheck stays in your pocket. Invest the savings in a Roth IRA or 401(k) for long-term growth.
- Research top industries. Dallas's top industries include Technology, Finance, Healthcare. Targeting roles in these sectors can help you earn above the $68,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Dallas, TX?
The median salary in Dallas, TX is $68,000 per year, or $33 per hour. The average salary is $76,000. This is $8,616 above the national median of $59,384.
What is the cost of living in Dallas, TX?
Dallas's cost of living index is 102 (national average = 100), meaning it is 2% more expensive compared to the national average. The median home price is $320,000 and the median monthly rent is $1,450.
What are the best industries in Dallas?
The top industries in Dallas, TX include Technology, Finance, Healthcare. The city has a job growth rate of 2.8% and an unemployment rate of 3%. Workers in these industries often earn above the city's median salary of $68,000.
How does Dallas's salary compare to other cities?
Dallas's median salary of $68,000 is 14.5% above the national median of $59,384. However, when adjusted for cost of living (index: 102), the real purchasing power is approximately $66,667.
What is the minimum wage in Dallas, TX?
The minimum wage in Dallas, TX is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.