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

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


Inflation is excessive, rates of interest are skyrocketing, and actually, simply present is pricey. Whether or not it’s the worth of eggs or a brand new automotive, attempting to have a financially steady life in certainly one of America’s largest metropolitan areas is turning into increasingly more troublesome.

So, how a lot cash do it’s essential to make to dwell comfortably in Dallas-Fort Value? Roughly $64,742 a 12 months post-tax, in line with a brand new examine by monetary tech firm SmartAsset.

That’s an $11,000-plus improve from their earlier annual report, the place Dallas-Fort Value residents solely wanted to make $53,680 a 12 months post-tax to dwell comfortably within the space.

Their specialists collected knowledge from MIT’s Residing Wage Calculator to find out the price of dwelling for a childless particular person within the 25 largest American metro areas. In addition they used the 50/30/20 budgeting technique to determine what a “comfy way of life” meant for the aim of their examine: 50 p.c of their revenue goes to an individual’s wants/dwelling bills, 30 p.c to an individual’s needs, and 20 p.c for his or her financial savings or paying down debt.

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To dwell a financially steady life, a childless Dallas-Fort Value particular person would want to spend $32,371 of their wage on their dwelling bills, $19,423 for discretionary bills, and put $12,948 towards their financial savings or debt funds.

Contemplating lease has elevated as much as 15 p.c since 2022 in some Dallas suburbs, that is perhaps a tighter squeeze for some. And in case you aren’t a person, the Dallas-Fort Value gender pay hole additionally performs an element.

Susannah Snider, SmartAsset’s managing editor of economic schooling, says within the examine that budgeting needs to be the “bedrock of many individuals’s monetary plans.”

“And it’s particularly important to know and monitor your spending when the price of on a regular basis gadgets is rising,” stated Snider. “Having the ability to persist with a 50/30/20 finances means you’ve sufficient to fund short- and long-term objectives whereas paying for important dwelling bills.”

To dwell comfortably within the largest metro areas in the US, on common, a person would want to make $68,499 a 12 months after taxes, which is a 20 p.c improve from 2022.

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In different Texas metro areas, like Houston and San Antonio, an individual would want to make $62,260 and $59,270 a 12 months post-tax.

The total examine and its methodology will be discovered on smartasset.com.



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Dallas, TX

Dallas police identify victim in Saturday morning shooting

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Dallas police identify victim in Saturday morning shooting


Dallas Police have identified a man who was shot and killed before 5 a.m. Saturday morning.

Officers were called to a shooting in the 9000 block of Soverign Row, which is off of John Carpenter Freeway near Regal Row.

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Investigators believe 21-year-old Joseph Ortega was shot by an unknown suspect.

Ortega died at the scene.

This is an ongoing investigation. 

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Anyone with information is asked to contact Detective Frank Serra at 214-662-4552 or frank.serra@dallaspolice.gov.

DallasCrime and Public Safety



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Dallas, TX

Dallas City Council meltdown over city manager search an embarrassment

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Dallas City Council meltdown over city manager search an embarrassment


An already questionable search process for Dallas’ new city manager has unfortunately lapsed into all-out dysfunction.

Dallas City Council, it’s the holidays. Please take a breath of fresh pine air and work out this search in a new spirit of cooperation before nobody ends up wanting the job.

Given what’s already happened, chances of that are dwindling. Three of the five semifinalists already pulled out of the running late last week.

There was trouble from the start with the resignation of former City Manager T.C. Broadnax in February. He said a majority of the council lost faith in his leadership, but the timing of his “involuntary resignation” rightly raised eyebrows. Mayor Eric Johnson questioned whether his allies on the council helped him orchestrate the move so he could take a job as Austin city manager and also collect on a hefty severance.

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The City Council named Broadnax’s top aide, Assistant City Manager Kimberly Bizor Tolbert, as interim manager just days after his resignation amid reservations of some of the council. Since then, the table has seemed set for her to assume the permanent role, underscored by the lack of pushback Tolbert’s received as she’s implemented sweeping changes at City Hall during her interim role. We can’t help but wonder about the chill that’s had on other potential candidates.

Another wrinkle came when the outside search firm hired to vet candidates, Baker Tilly, circulated a draft brochure advertising for the job that featured a photo of the Houston skyline. That was in late August, and since then some council members have blamed both the firm and an ad hoc search committee for moving too slowly and without transparency to the full council.

Tensions erupted this month when three council members — Paula Blackmon, Gay Donnell Willis and Jaynie Schultz — tried to wrest control from the committee and hold an emergency meeting of the full council. That flopped when only two other council members showed up at the Dec. 16 meeting, not enough for a quorum.

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Blackmon told us she expected a quorum, but “it became clear to me that some phone calls were made to pressure people not to show up, and that is their decision.” Another bad look for the city.

A meeting the same day of the ad hoc committee weirdly ended up in executive session for nearly three hours. Members emerged with a plan to virtually interview the semifinalists Monday, the day before Christmas Eve. That seems like a big ask of the candidates and a crummy process. Candidates deserve an in-person interview.

It’s been hard to keep track of who’s on whose team in this mayhem. There are clearly two sides on the council: those who want Tolbert to get the job, and those who aren’t yet sold on her and want a more extensive search.

Council member Cara Mendelsohn, a member of the ad hoc committee, told us any grievances with the search should have been handled privately and that council members not on the committee have wrongly injected themselves in what is a serious effort.

“This unprofessional behavior risks scaring off strong candidates and reflects poorly on our city,” she said.

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That may well happen even more than it has and, at this point, who could blame them? From the start to now, the city has hardly put its best foot forward. We urge the City Council to embrace the quiet of the season, take a moment and begin again in earnest in the New Year.

Rushing this process serves no one and least of all the residents of Dallas.

We welcome your thoughts in a letter to the editor. See the guidelines and submit your letter here. If you have problems with the form, you can submit via email at letters@dallasnews.com



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Cowboys hot topic: Osa Odighizuwa's good play could price him out of Dallas

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Cowboys hot topic: Osa Odighizuwa's good play could price him out of Dallas


The Dallas Cowboys are trying to close the 2024 season on a positive note and have successfully done so at the moment with three wins in their last four games. Although they won’t make the postseason, it is good to see them showing heart and resolve with all the injuries and misfortune they’ve had. However, once these season ends in January, the page will turn to offseason activities, which includes free agency.

Cowboys executive vice president Stephen Jones has already mentioned that the team will have a tight offseason when it comes to spending. While that’s not surprising in the slightest with how things go in Dallas, it also puts the future of some of the top guys on the roster in question. One in particular, defensive tackle Osa Odighizuwa, is a big one to monitor.

Back during the summer, Odighizuwa made it clear what he wanted to do was sign an extension with Dallas while having his best NFL season to date. The former third-round pick has certainly done the best season-to-date thing.

So far this season, Odighizuwa has already tied a career-high with four sacks and set a career mark with 22 quarterback hits (nine more than any other season). He’s also equaled his best year with 31 hurries and has set a new career-high in pressures with 51. His 79.0 pass-rush grade ranks ninth for all defensive lineman in 2024 per Pro Football Focus.

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This is great for Odighizuwa because he has certainly upped his value. With what he’s done this season, and the steady progression in his play, Odighizuwa is possibly looking at commanding a deal around $5 to $7 million annually. If he finishes strong in the last three games, he could be looking at double-digit numbers per year. As good as it is for him, it may be the opposite for Dallas.

The Cowboys do like to keep the players that they draft and develop into star or contributing players. Unfortunately, especially when it comes to Stephen Jones specifically, it always comes back to the salary cap, or at least it’s used a reason not to pay guys big dollars. The Cowboys put themselves in these positions by waiting to pay players, much like they did with Dak Prescott and CeeDee Lamb. Those deals could have and should have been done earlier to put the Cowboys in a better position as far as the cap. There are plenty of ways to manipulate the cap, but Dallas tends to stand firm on being frugal.

If Odighizuwa is to hit the market, teams will come calling. Although he’s a bit undersized at 280 pounds, Odighizuwa uses his wrestling background to get tremendous leverage and drive much bigger offensive linemen into the backfield. He’s solid against the run, and he helps keep linebackers clean, and teams that see themselves as contenders will be willing to pay him for those services and pay him well.

It would behoove the Cowboys to value defensive tackles as a high priority for once during the offseason and bring Odighizuwa back. However, with the way Dallas handles contracts, don’t be surprised if the 2024 campaign is his last with the Cowboys.



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