While Dallas' household income shot up in the 2010s, the jump was less significant than in many other major U.S. metros, a new report shows.
Data compiled by apartment website RentCafé and published December 16 shows median household income inside the city of Dallas (not the larger metro area) zoomed 31.6 percent during the decade.
Dallas ranks No. 27 for the rise in household income among the country’s 50 largest cities. Dallas' median household income grew from $40,650 in 2010 to $53,515 in 2019, according to RentCafé. For 2010 income, the website pulled data from the U.S. Census Bureau; it estimated 2019 household income based on a predicted 2.5 percent increase in the U.S. Consumer Price Index.
By comparison, the U.S. median household income stood at $63,179 in 2018, according to the Census Bureau, and Texas median household income checked in at $60,629.
“We’re better off by almost all measures than we were 10 years ago,” Carl Tannenbaum, chief economist for Northern Trust, told the Wall Street Journal in September. “But there are still some … flags that show that economic security remains more elusive for some families.”
Only one Texas city ranked among the country's top 10. Austin, No. 8, saw a 54.6 percent hike during the decade, from $47,434 in 2010 to $73,332 in 2019.
As ranked by RentCafé, the top 10 cities for growth in median household income from 2010 to 2019 are:
- Atlanta, 60.9 percent
- San Francisco, 60.5 percent
- Oakland, California, 59.3 percent
- Seattle, 59.1 percent
- Portland, Oregon, 58.8 percent
- Miami, 57.1 percent
- Denver, 55.5 percent
- Austin, 54.6 percent
- San Jose, California, 50.9 percent
- Brooklyn, New York, 48.9 percent
Well down the ladder is Fort Worth, No. 38, where median household income increased 24.2 percent during the 10-year span — from $48,224 to $59,909. Houston appears at No. 40. From 2010 to 2019, median household income climbed 23.9 percent, going from $42,355 to $52,483.
San Antonio hovers close to the bottom of the 50-city list. Alamo City ranked 46th, with a 14.8 percent gain over the 10-year period. The median household income went from $43,758 to $50,250.