Recently, the word has been that it's cheaper to buy a home than rent in Dallas. But if you MUST rent, then how many hours must I work to afford this?
SmartAsset, a finance website, did a study to find out this.
They collected information on average hours worked per week, average weeks, median annual income and average monthly rent. For Dallas, people must work an average of 61.7 hours each month in order to afford a $863/month monthly rent. SmartAsset estimated an average of $14/hour and 171 hours work each month. Dallas is one of the hardest working cities in this study they pulled. It also came in as the lowest ratios between median total work hours and number of hours work needed to pay rent.
Houston came in at $13.91/hour. San Antonio is $13.53/hour. Austin is $17.52/hour and $1,047 monthly rent, which was the highest for Texans!
Looking for a new apartment to rent? Contact me for my free locating services so I can help you find the best rate possible!
Email me at Selden@rogershealy.com
Author:Selden Tual Phone: 512-944-3121 Dated: March 15th 2017 Views: 414 About Selden: Selden is a native of Memphis, TN where he attended Christian Brothers High School. After high schoo...
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Rogers Healy and Associates Real Estate is a DFW based residential and commercial real estate company that was founded in 2007 by Rogers Healy. RHAdfw is passionate about developing long lasting relationships with clients while representing them to buy, sell or lease any home in DFW. Texas Real Estate Commission Consumer Protection Notice