Dallas Area Resources

The Local Economy in Dallas

Considered the largest economic center of the 12-county Dallas-Fort Worth-Arlington Metropolitan area, the Dallas economy is bustling with growth and opportunity.

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, with new companies and fields constantly moving in. 

The Dallas Economy: Historic Industries and New Growth

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 its location along the railroad. In the 20th century, Dallas evolved into an industrial center and today is home to over a million residents.

Now, Dallas boasts the third-largest concentration of Fortune 500 companies in the country. You can find companies like Advance PCS, Dean Foods, ExxonMobil, Kimberly-Clark, Neiman Marcus, Texas Instruments, and Southwest Airlines all headquartered in the city!

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:

Technology

Defense

Finance

Life Sciences

Telecommunications

Recent Recognitions of Dallas's Economy

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Named by the Globalization and World Cities Study Group & Network as a "Beta Plus” world city.

appliances

Ranked by the Organization for Economic Co-operation and Development as 14th in the world based on GDP.

efficiency

Ranked by the US Chamber of Commerce Foundation as 1st in the nation for most efficient business regulation.

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Ranked by Forbes as 15th in the nation for best place for business and careers.

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Ranked by Forbes as 11th in the nation for best job growth.

Quick Facts: Dallas Economy vs. the US Economy

Dallas

Civilian Labor Force: 67.7%

United States

Civilian Labor Force: 63.8%

Dallas

Median household income: $67,382

United States

Median household income: $59,039

Dallas

Median home values: $212,100

United States

Median home values: $226,800

Dallas

Total retail sales per capita: $13,607

United States

Total retail sales per capita: $13,702

Find Your Home in Dallas

Are you looking to make the move to Dallas? Then I'm here to help. From breaking down the economy to providing in-depth guides on the neighborhoods, I'm dedicated to using my skills and years of local experience to help you achieve your real estate goals. Take some time to browse my resources, and give me a call when you're ready to get started.

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