Our Low Cost of Living
Dallas, TX offers many advantages to those looking for financial stability. The city’s overall cost of living is 98.9% of the national average, which, combined with low taxes and reasonable real estate costs, makes Dallas a great place to run a business and make a living. Less money spent on general living costs means increased bottom line for businesses and better quality of life for families. All of this contributes the ever increasing Dallas population growth.
Our Thriving Economy
Dallas, TX has dynamic information and robust business service sectors, as well as a higher than average concentration of mining, construction, manufacturing and logistics occupations. The city government is pro-development and maintains a comprehensive economic strategic plan to encourage growth. As Dallas has invested $600 million through its most recent bond program, the city’s upgraded infrastructure supports businesses in staying competitive.
Our Job Growth
Dallas, TX successfully overcame difficulties resulting from the bankruptcy of AMR, American Airline’s parent corporation, in 2011 and reported a 2.1% job growth in the following year. Moreover, the city made it to the top of the “Best Cities For Good Jobs” Forbes list in 2013. The projected growth promises to continue with an average of 2.8% rate through 2019, which will add an additional 300,000 jobs to the already existing 2.1 million in Dallas and its Plano and Irving suburbs.
Our Well-Trained Workforce
Dallas, TX is home to over 600,000 workers, and the region also provides an additional workforce of 3 million people. The diverse economy unites a well-trained workforce with a variety of advanced business solutions from healthcare to distribution and everything in between. 48% of the state’s high-tech workforce is based in Dallas, TX. 30% of the city’s workers have at least a college degree and over 80% of the local workforce has at least a high school education.
Dallas’s transportation, utility and communications infrastructures ensure easy access to both global and local markets. A combination of airports, railroads and highway systems move people and goods quickly and economically while public transit continues to grow with four rail lines serving downtown Dallas alone. Forbes Magazine ranked Dallas as one of America’s most wired cities in 2008 with the sixth highest broadband penetration rate in the nation. The city’s water utilities provide over 400 million gallons of water daily, which will accommodate for the next 50 years of regional growth.