Texas ranked second in the nation for relocation activity in 2017, according to the Texas Relocation Report released earlier this year by Texas REALTORS®.The number of years the city has led that list is remarkable. Of course, what really puts Dallas on top is the fact that there are actually two distinct types of relocation entities that consistently make their way to the metro area: people and businesses. It’s a unique mix that illustrates the versatility of the city. Dallas appeals not only to individuals who are looking for a certain lifestyle, but also to companies of all sizes that require a very specific business climate in order to succeed—and metro Dallas checks all the boxes for both. Here, we take a deeper look at the people and businesses moving to the area and consider what the future holds.
1. How many people are moving to Dallas?
From 2017 to 2018, the region added about 361 residents per day, according to population estimates released by the U.S. Census Bureau. Put another way, DFW gained 131,767 residents in just one year. From 2010 to 2018, DFW ranked first among all U.S. metro areas for population growth on a numeric basis. Currently, the metro region’s population sits at about 7.5 million people, which makes it the fourth largest metro area in the country.
2. How many people are expected to move to metro Dallas in the future?
According to the North Central Texas Council of Governments, the ten counties - Wise, Denton, Collin, Hunt, Parker, Tarrant, Dallas, Rockwall, Kaufman, Johnson, Ellis - in North Texas will have over 9.1 million people living in households by the year 2030.
3. Who is moving to Dallas?
There is great diversity among those who relocate to Dallas, particularly in terms of age. One of the largest groups of new residents is comprised of millennials.
In 2019, SmartAsset.com named Dallas the number one city for people between the ages of 21 and 36; Dallas ranks as the No. 1 U.S. city on the new Millennial Desirability Index from Meyers Research, a California-based housing research firm. Berlin-based housing website Nestpick examined 22 factors — including digital connectivity, environmental friendliness, affordability, career opportunities, recreation, and safety — to pick the best cities in the world for Gen Zers. Dallas ranks No. 3 in Texas, No. 11 nationwide, and No. 49 globally, according to the study. Also making Dallas home are retirees; WalletHub recognized Dallas as the 22nd best place to settle down during your golden years thanks to affordability, quality of life, healthcare and availability of recreational activities. Of course, families love Dallas as well. According to Niche, metro cities like Coppell, University Park, Frisco Flower Mound, Murphy, Southlake and Allen are among the best for raising a family; the population growth in these areas reflect those positive rankings. Many of those new families come to Dallas thanks to a corporate relocation.