Money wise

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

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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TALL TALES

Missing giraffe turns into Texas Hill Country's tallest mystery

Real Country Animal Rescue/ Facebook

Where can Gracie be?

UPDATE 6-26-2026: Gracie has been found about four miles south of the Cedar Hollow Ranch, according to a Facebook update from Real County Animal Rescue. Ranch manager Vic Jones has assembled a team to safely bring the wandering giraffe home.

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A giraffe named Gracie is missing in Texas, and the search for her has become a tall order.

Gracie, who is about 3 years old, has been missing for nearly two weeks after escaping her enclosure at Cedar Hollow Ranch in the Texas Hill Country, said Vic Jones, who owns the remote property about 100 miles west of San Antonio. He said Wednesday, June 24 that Gracie had wandered into a part of the privately owned preserve that other giraffes previously avoided.

Jones said he has sent up helicopters to look for Gracie, a few sightings have trickled in, and a $5,000 reward is on the table.

But the giraffe, which stands roughly the height of a tree, hasn't turned up.

“She wound up going up and feeding in an area on the hillside and the rocky ledges that none of the other giraffes had ever gone on before,” Jones said. “And when she came down off of there, she came down on the wrong side of the gate.”

The ranch is in rural Real County, where its roughly 2,700 residents were put on alert to be on the lookout for a missing giraffe. Jones said the search area is extremely remote, and the likelihood of Gracie encountering any humans is low.

“People are not in danger of her because she’s not around people,” Jones said. 'She’s out in very, very rough, heavily wooded lands."

The Texas Hill Country has one of the largest concentrations of exotic captive animals in the country. Real County Sheriff Nathan Johnson said the mild climate and rugged terrain seems to serve as a good stand-in for most of the animals' native African environments.

He rattled off a list of animals that have gone missing over the years, especially after floods, but said this was his first giraffe.

“I’ve had wildebeests, I've had water buffalo, I've had monkeys, I’ve had zebras, all go missing,” Johnson said. “Sometimes we recover them, and sometimes we don’t.”

While the middle of Texas is not a giraffe's native environment, Jones said Gracie should be able to find plenty of leaves and other vegetation to eat. He said other animals were not likely to bother her.

Jones said he initially had helicopters searching an area of about 7,500 acres (3,000 hectares) with no luck. A few days later, there was a report that Gracie was spotted to the south.

But by the time they could search the area, Jones said, she was already gone.

“We're always two three days late for where the information is coming from, so that makes it tough,” Jones said.

hill country giraffes animals