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Dallas, TX
Study says the real value of a $100K salary in Dallas is…less than that
How much do you earn? And how far does that paycheck really go?
In Dallas, a $100,000 salary is a figure that’s more than double the area’s individual median income, but nevertheless a useful benchmark for the region’s burgeoning business community. However — once taxes and the local cost of living is factored in — it has the effective purchasing power of around $80,000 according to a new financial report.
Consumer-focused fintech site SmartAsset worked the numbers on the country’s 69 largest cities, determining the “estimated true value of $100,000 in annual income” in each location by measuring federal, state and local taxes as well as local cost of living data, including on housing, groceries and utilities.
It used its own proprietary figures, as well as information from the Council for Community and Economic Research.
Despite recent research suggesting North Texas has lately been losing some of its famous economic advantage — a major factor behind the region’s explosive growth — Dallas actually fared relatively well in SmartAsset’s analysis. Of the 69 cities, Dallas’ effective purchasing power, of $80,103 on the $100,000 salary, tied with Nashville to rank 22nd highest.
Like many cities in the report, Dallas also actually saw a year-over-year effective salary bump, likely because of slightly lower effective tax rates and living costs that have hewed closer to the national average. In 2024, the value of a $100,000 salary in Dallas came out to $77,197.
Other large Texas cities fared even better than Dallas. El Paso, where SmartAsset calculated the effective value of the $100,000 salary at nearly $90,300, ranked third highest overall.
San Antonio, where the effective value was around $86,400, ranked eighth. Houston, where the figure was around $84,800, ranked 10th, and Austin, where the figure was $82,400, ranked 17th.
Oklahoma City topped SmartAsset’s value ranking, with an effective salary of around $91,900, and Manhattan, which the website considered as its own city, came in with the lowest value, at around $29,400.
Dallas’ relatively strong effective value score won’t necessarily translate to the good life: Another financial report, published in November by the website Upgraded Points, determined that even a single adult with no kids needs a pre-tax salary of at least $107,000 to live “comfortably” in the Metroplex.
Dallas, TX
Dallas weather: Storms return this week with large hail and tornado threat
DALLAS – North Texans will enjoy a brief break today before the next weather system arrives, bringing multiple rounds of storms. A warmup is on the way, with temperatures climbing back into the mid-80s by the weekend.
Monday Forecast
Following a few morning showers in the eastern counties, expect a warm and breezy Monday. High temperatures will climb into the low 80s under partly cloudy skies.
Tuesday Forecast
As an upper-level low-pressure system moves to the west, scattered storms will move into the region Tuesday afternoon. Some of these storms could become severe, with the primary threats being large hail, damaging winds and isolated tornadoes.
Simultaneously, storms are expected to develop ahead of a dryline to the west. While the tornado threat remains low in this area, any storms that form could produce large hail and damaging wind gusts.
7-Day Forecast
Those overnight storms should push out to the east by Wednesday morning, but don’t put the umbrella away just yet. As the main weather system moves directly over us Wednesday afternoon, we’ll likely see another round of scattered storms that could still bring with some hail. Once everything finally clears out Wednesday evening, we can look forward to some drier, much more comfortable air moving back into the area.
Thursday will be noticeably cooler, with high temperatures settling in the mid-60s. However, sunshine and a quick warmup are expected by the weekend. Temperatures will rebound into the 80s on Friday and Saturday.
The Source: Information in this article comes from the National Weather Service and FOX 4 forecasters.
Dallas, TX
Off-duty Dallas officer shoots at suspects allegedly trying to steal his vehicle in Addison, police say
An off-duty Dallas police officer shot at a group of people allegedly trying to steal his personal vehicle on Sunday afternoon in Addison, officials said.
According to the Addison Police Department, around 2:15 p.m., the off-duty Dallas officer saw a group of people trying to steal his vehicle in a parking lot at 5000 Belt Line Road. He confronted the suspects, “and during the encounter, fired a weapon at the suspects’ vehicle.”
The suspects fled in their vehicle, Addison police said, and it is unknown if any suspects were hit by gunfire.
The investigation is ongoing.
Dallas, TX
Dallas dropped the ball on the Wings’ practice facility
The Dallas Wings can’t seem to get a win, at least when it comes to the team’s training facility and arena. Not only is its practice facility in west Oak Cliff, approved over the summer and fast-tracked to open ahead of the team’s spring season, now running behind schedule, it is also somehow over budget.
Dallas had already committed $55 million for the team’s practice facility, a price tag we were uncomfortable with from the beginning. At the time, city staff said that was the amount needed to build a training facility with the amenities and infrastructure required for a WNBA team. The city argued there were few viable alternative locations for the practice facility after delays with the convention center, and they were running out of time. Enter the $55 million facility at Joey Georgusis Park.
But now the project needs an additional $27 million to cross the finish line. How did costs increase so much in just a few months? And how did a project that was expedited to meet the team’s deadline end up falling behind and over budget?
City staff attribute the holdup to missed deadlines by the project management firm McKissack and McKissack and new requirements from the WNBA that weren’t part of the original scope. McKissack and McKissack didn’t respond to multiple messages seeking comment for this editorial. Whatever the company’s missteps, the city is ultimately responsible for conducting due diligence and making sure the project stays on track, and it couldn’t deliver what it promised.
Now the city wants the Wings to take over. The city would cap its total contributions at $57 million, which includes $653,000 in delay reimbursements. The Wings would then cover the remaining costs, at least $27 million, needed to finish the practice facility and agree not to sue Dallas for the delays.
Some City Council members have suggested that Dallas should consider the American Airlines Center for the Wings’ practice facility and arena. But even though the Dallas Mavericks and the Dallas Stars, who currently play at the AAC, are looking to leave, their lease agreements run through 2031. That doesn’t do much for the Wings who need a practice facility now.
Maybe all of this could have been avoided if the city had more seriously considered existing facilities that could have accommodated the Wings. That’s not to say the team doesn’t deserve a training space that will meet their needs, but repurposing an existing space instead of starting from the ground up might have saved both time and money.
This debacle is frustrating for the Wings, and it also isn’t a good look for the city. If Dallas can’t figure out how to deliver a practice facility that it promised to one of its professional sports teams, how can it hope to attract more businesses and major investments? Anyone watching this unfold would have good reason to question the city’s ability to deliver.
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If you have problems with the form, you can submit via email at letters@dallasnews.com
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