This is how much you need to earn to live comfortably in Dallas-Fort Worth

DALLAS – In almost all large cities, the income you need to live a comfortable life is increasing. Of the 50 largest cities in America, five cities in Texas make the list, and Dallas is in the middle. Arlington and Fort Worth are close behind.

According to GOBankingRates researchers, you need to make $93,000 to live comfortably in Dallas, $92,000 in Arlington, and $90,000 in Fort Worth.

Living comfortably in Austin will cost you significantly more. Houston is the cheapest city in Texas.

GOBankingRates examined data to find out how much people in America’s 50 largest cities spend on mandatory expenses like housing, groceries, healthcare, transportation and other necessities. This amount has been doubled to reflect how much you would need to earn to live comfortably on the 50/30/20 budget.

Creating a budget is the best way to get control of your finances. One method is the 50/30/20 budget, which breaks down your income into mandatory expenses (50% of your income), savings (30%), and wants (20%). This could prioritize necessary spending and savings, but still allow for some guilt-free discretionary spending.

Your budget will stretch furthest in the South and Midwest. All of the cities in the top five for budget-friendliness are in these regions, and two of them are in the same state: Oklahoma.

The gap between the lowest and highest income needed to live a comfortable life is huge. In Detroit you’ll need $64,725, while in San Jose it’s $258,255 – almost four times more than Detroit.

Of the top 50 cities, Detroit is where your budget will stretch the furthest you can Buy a home for less than $75,000 and pay less than $500 per month on a mortgage, excluding property taxes and home insurance. Other living expenses are also quite low: $423 per month for groceries and $340 for utilities. However, transportation is expensive, costing an average of $1,033 per month.

Income required to live comfortably in top US cities