Dallas Area Resources
The Local Economy in Dallas
Dallas is considered the largest economic center of the 12-county Dallas-Fort Worth-Arlington Metropolitan area.
This metropolitan area (which is considered the fourth largest employment center in the nation after New York, Los Angeles and Chicago) has an economy that centers mostly on banking, commerce, telecommunications, computer technology, energy, healthcare and medical research.
Historic Industries Spurred Growth in Dallas
Dallas grew into the city it is today in part because of the booming industries of the past, namely cotton and oil, as well as a location along the railroad.
In the 20th century, Dallas evolved into an industrial center and today is home to over a million residents.
The Dallas Economy Today
Dallas is home to the third-largest concentration of Fortune 500 companies in the country today. You can find companies like Advance PCS, Dean Foods, ExxonMobil, Kimberly-Clark, Neiman Marcus, Texas Instruments, and Southwest Airlines all headquartered in Dallas.
The Area's Top Industries
Since Dallas has the sixth-largest concentration of high tech jobs in the United States, it's sometimes referred to as "Silicon Prairie."
The top industries in Dallas today include:
- financial services
- life sciences
Recent Recognitions of Dallas's Economy
Here are some accolades the city has received as a result of its robust local economy:
- "Beta plus” world city by the Globalization and World Cities Study Group & Network
- 14th in the world in terms of GDP by the Organisation for Economic Co-operation and Development
- 1st in the nation as most efficient business regulation by the US Chamber of Commerce Foundation
- #15 in the nation for best place for business and careers by Forbes
- #11 in the nation for job growth by Forbes
Quick Facts: Dallas Economy vs. the US Economy
|Civilian labor force||67.7%||63.8%|
|Median household income||$42,846||$53,046|
|Median home values||$129,300||$176,700|
|Median monthly home costs||$1,496||$1,540|
|Total retail sales per capita||$12,837||$12,990|