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    Money wise

    This is how much money you need to live comfortably in Dallas-Fort Worth, new study finds

    Amber Heckler
    Mar 27, 2023 | 10:22 am
    Person holding a "savings" jar

    A Dallas-Fort worth resident needs to make $11,000 more in 2023 to live a financially stable life, according to the report.

    Photo by Towfiqu barbhuiya on Unsplash

    Inflation is high, interest rates are skyrocketing, and honestly, just existing is expensive. Whether it be the price of eggs or a new car, trying to have a financially stable life in one of America’s largest metropolitan areas is becoming more and more difficult.

    So, how much money do you need to make to live comfortably in Dallas-Fort Worth? Approximately $64,742 a year post-tax, according to a new study by financial tech company SmartAsset.

    That’s an $11,000-plus increase from their previous annual report, where Dallas-Fort Worth residents only needed to make $53,680 a year post-tax to live comfortably in the area.

    Their experts collected data from MIT’s Living Wage Calculator to determine the cost of living for a childless individual in the 25 largest American metro areas. They also used the 50/30/20 budgeting strategy to figure out what a “comfortable lifestyle” meant for the purpose of their study: 50 percent of their income goes to a person’s needs/living expenses, 30 percent to a person’s wants, and 20 percent for their savings or paying down debt.

    To live a financially stable life, a childless Dallas-Fort Worth individual would need to spend $32,371 of their salary on their living expenses, $19,423 for discretionary expenses, and put $12,948 toward their savings or debt payments.

    Considering rent has increased up to 15 percent since 2022 in some Dallas suburbs, that might be a tighter squeeze for some. And if you aren't a man, the Dallas-Fort Worth gender pay gap also plays a factor.

    Susannah Snider, SmartAsset’s managing editor of financial education, says in the study that budgeting should be the “bedrock of many people’s financial plans.”

    “And it’s especially essential to understand and track your spending when the cost of everyday items is rising,” said Snider. “Being able to stick to a 50/30/20 budget means you have enough to fund short- and long-term goals while paying for essential living expenses.”

    To live comfortably in the largest metro areas in the United States, on average, an individual would need to make $68,499 a year after taxes, which is a 20 percent increase from 2022.

    In other Texas metro areas, like Houston and San Antonio, a person would need to make $62,260 and $59,270 a year post-tax.

    The full study and its methodology can be found on smartasset.com.

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    Higher education news

    University of North Texas cuts 70+ academic programs amid $45M deficit

    Associated Press
    Mar 23, 2026 | 2:52 pm
    UNT, University of North Texas
    Facebook/UNT
    UNT is cutting programs to close a budget shortfall.

    The University of North Texas is cutting or consolidating more than 70 academic programs, minors and certificates — including phasing out its linguistics degrees and eliminating a women’s and gender studies master’s program — as it works to close a projected $45 million budget shortfall.

    The cuts are the first indication of how UNT plans to close the deficit, which it says was driven largely by a sharp decline in international enrollment — students who typically pay a significantly higher tuition — and reduced state funding. Last month, university leaders warned that program consolidations, faculty buyouts, and higher teaching loads were likely.

    In a message to faculty and staff Thursday, March 19, UNT President Harrison Keller and Provost Michael McPherson said the most significant change will be to phase out all linguistics degree programs and merge the department with the Department of World Languages, Literatures and Cultures.

    UNT is also cutting a bachelor’s degree in Latino and Latin American studies and a master’s program in women’s and gender studies, along with 25 undergraduate minors and more than 40 certificate programs.

    The minors being eliminated include women’s and gender studies, LGBTQ studies, Mexican American studies, Africana studies, Asian studies, as well as dance, geology and special education.

    The cuts come amid a broader political climate in which Texas public universities have faced pressure from state Republican leaders and conservative activists to limit teaching about gender, race, and sexuality.

    Last fall, the UNT System, like other public university systems in the state, ordered a review of its courses. Some university systems said the reviews were meant to ensure compliance with an executive order from President Donald Trump, a directive from Gov. Greg Abbott and House Bill 229, all of which recognize only two sexes, male and female, though none explicitly bans teaching gender-related topics.

    The UNT System did not cite a specific law when it ordered its review.

    It’s unclear if that review has been completed, what the results were and if it factored into the decision to cut areas of study.

    Earlier this year, Texas A&M eliminated its women’s and gender studies program, while the University of Texas at Austin and the University of Texas at San Antonio moved to consolidate programs focused on race, gender and ethnicity.

    Keller and McPherson said the decisions followed a “careful review.” They said the linguistics department has seen declining enrollment since 2021, along with higher instructional costs and lower “time to value,” and that the merger will take effect Sept. 1.

    They said the master’s programs being cut enrolled an average of 15 or fewer students over the past five years, while the undergraduate minors had 20 or fewer students since 2021 and certificate programs had fewer than two students per year.

    Students enrolled in affected programs will be able to complete their degrees, but new students will no longer be admitted.

    “We must adapt to meet the changing needs of our students, employers and communities across Texas and beyond, especially by providing degree and credential pathways that translate into opportunities beyond graduation,” they wrote.

    William Salmon, chair of the linguistics department, told The Texas Tribune that faculty learned of the decision around 3 pm Thursday.

    “And we weren’t consulted on the matter at all,” he said.

    Salmon declined to elaborate further, saying he was focused on supporting students and faculty and “answering the many questions coming in.”

    University officials did not immediately respond to detailed questions Friday from the Tribune, including how much money the cuts are expected to save or how faculty and staff positions will be affected. They also did not explain how they measured “time to value” or why some programs were eliminated while others were merged.

    Last month, UNT offered buyouts to faculty with at least 15 years of service. Applications are due by April 10. University officials have not said how many faculty members have applied or been approved, or whether layoffs could follow if desired reductions are not met.

    UNT is also planning to move more lectures online in response to the budget shortfall. Beginning this fall, more than 40 courses will shift to a model where lectures are delivered online and students attend weekly in-person sessions in smaller groups focused on discussion and problem-solving.

    It’s not yet clear the total number of students enrolled in the affected programs or how long required courses will continue to be offered.

    Grace Youngberg, a third-year linguistics major, said she was shocked and felt “disrespected” by the decision and lack of prior notice.

    She had planned to attend graduate school at UNT and pursue a career in forensic linguistics, applying language analysis in legal settings to help people better understand and communicate in court proceedings.

    Now, she said, she may have to look elsewhere to continue her studies.

    Youngberg also questioned the university’s emphasis on “time to value.”

    “Putting a monetary value on education to begin with is closed-minded,” she said, adding that there is a need for linguists even if the field is not the highest paying.

    Nearly 47,000 students attend the Denton university.

    ---

    This story was originally published by The Texas Tribune and distributed through a partnership with The Associated Press.

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