Living in Lake Dallas, Texas
Cost of living, income, home prices, rent and demographics of Lake Dallas · Census data 2020–2024
Lake Dallas has 7,822 residents with a median age of 40.2. The median household income is $76,879 (about the same as the Texas median), the median home value is $269,000, the median rent is $1,519/month.
Lake Dallas at a glance
- Population
- 7,822
- Median age
- 40.2State: 35.6
- Median household income
- $76,879State: $78,476
- Median home value
- $269,000State: $283,800
- Median rent
- $1,519/moState: $1,403
- Homeowners
- 69.2%
- Bachelor's degree or higher
- 32.6%
- Average commute
- 28 min
Is Lake Dallas a good place to live?
Pros: Home values 5% lower than the state median; unemployment of 2.8%; a poverty rate of 3.7%.
Cons: Median household income about the same as the Texas median; an average commute of 28 minutes.
The weather is best in March to May and October.
Cost of living in Lake Dallas
Housing is the biggest part of the cost of living. In Lake Dallas the median home value is $269,000, 19% lower than the U.S. median. Renters pay a median of $1,519 per month, which is 40.5% of household income. Homeowners with a mortgage pay $1,926 a month in housing costs.
Lake Dallas median household income
The median household income in Lake Dallas is $76,879 and the income per person is $40,306. 3.7% of residents live below the poverty line (Texas: 13.8%).
Housing in Lake Dallas: homes for sale and rent
- Housing units
- 3,294
- Owner-occupied
- 69.2%
- Renter-occupied
- 30.8%
- Vacant
- 5.5%Includes seasonal homes
- Median year built
- 1998
- Average household size
- 2.51
Lake Dallas demographics
- Population
- 7,822
- Median age
- 40.2
- Under 18
- 22.3%
- 65 and older
- 15.2%
- Households
- 3,112
- Foreign-born
- 19.4%
- Veterans
- 3.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Dallas ›
Education in Lake Dallas
32.6% of adults 25 and older in Lake Dallas have a bachelor's degree or higher (Texas: 33.8%), and 10.9% have a graduate or professional degree.
Jobs and commute in Lake Dallas
- Unemployment rate
- 2.8%State: 5.3%
- Average commute
- 28 minState: 27 min
- Work from home
- 16.1%
- Drive alone
- 77.6%
- Public transit
- 0%
- Walk to work
- 0.7%
- Homes with broadband
- 93.3%
Lake Dallas vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Dallas | 7,822 | $76,879 | $269,000 | $1,519 |
| Hickory Creek | 5,611 | $148,852 | $507,200 | $2,192 |
| Lakewood Village | 627 | $152,000 | $522,200 | — |
| Corinth | 23,385 | $120,580 | $375,600 | $1,891 |
| Shady Shores | 2,922 | $159,375 | $492,300 | $1,399 |
| Highland Village | 16,101 | $159,828 | $550,000 | $2,429 |
| Oak Point | 5,887 | $126,290 | $395,900 | $2,227 |
| Copper Canyon | 2,514 | $155,625 | $744,300 | $1,950 |
| Lantana | 12,766 | $199,489 | $587,500 | $3,458 |
More for people moving to Lake Dallas
Lake Dallas ZIP code ›Weather and climate ›Living in Lake Dallas: FAQ
What is the median household income in Lake Dallas, TX?
The median household income in Lake Dallas is $76,879, about the same as the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Dallas?
The median home value in Lake Dallas is $269,000, compared with $283,800 in Texas.
How much is rent in Lake Dallas?
The median gross rent in Lake Dallas is $1,519 per month, about 40.5% of household income.
Is Lake Dallas, TX a good place to live?
Pluses: home values 5% lower than the state median; unemployment of 2.8%; a poverty rate of 3.7%. Minuses: median household income about the same as the Texas median; an average commute of 28 minutes.
What is the median age in Lake Dallas?
The median age in Lake Dallas is 40.2 years (Texas: 35.6).
How long is the commute in Lake Dallas?
The average commute to work in Lake Dallas is 28 minutes; 16.1% of workers work from home.
What is the unemployment rate in Lake Dallas?
The unemployment rate in Lake Dallas is 2.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Dallas?
32.6% of adults in Lake Dallas have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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