Dallas Area Resources

The Local Economy in Dallas

upward trending graph 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:

  • technology
  • defense
  • financial services
  • life sciences
  • telecommunications
  • transportation

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

Dallas United States
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

Copyright © 2019 | Information deemed reliable, but not guaranteed. | Privacy Policy Real Estate Web Design by Dakno Marketing.