The Dallas metro division has the sixth-largest population in the U.S. with 5 million people. Dallas has developed a strong industrial and financial sector, as well as becoming a major inland port, due largely to the presence of Dallas/Fort Worth International Airport, one of the largest and busiest airports in the world. The city is home to University of Texas Southwestern Medical School, Texas Woman’s University, University of North Texas at Dallas, Paul Quinn College as well as a number of religious affiliated and community colleges. The most notable event held in Dallas is the State Fair of Texas, which has been held each year at Fair Park since 1886, bringing an estimated $350 million to the city’s economy annually. The Red River Shootout, which pits the football teams of University of Texas at Austin and University of Oklahoma against one another at the Cotton Bowl, also brings significant crowds to the city.
At a Glance
- Population: 5,007,200
- Major Industries: Technology, Financial services, Defense
- Gross Metro Product: $380.5 B
- Median Household Income: $72,205
- Median Home Price: $284,000
- Unemployment: 3.3%
- Job Growth (2018): 2.4%
- Cost of Living: 12% above nat’l avg
- College Attainment: 37.1%
- Net Migration (2018): 11,570
Source: https://www.forbes.com/places/tx/dallas/