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Dallas Apartments
 
   

Dallas has a young, diverse and growing population and labor market.

· The city of Dallas, with more than one million residents, is the ninth largest city in the U.S. and the third largest city in Texas.

· The Dallas Primary Metropolitan Statistical Area (PMSA), with a population of more than 3 million, is the tenth largest in the U.S.

· The Dallas/Fort Worth Consolidated Metropolitan Statistical Area (CMSA), with 4.8 million people, is the ninth largest metropolitan area in the country and is larger than 31 U.S. states.

By 2010, the D/FW CMSA is projected to be the fourth largest in the nation.

· The D/FW area added more than 250 residents a day between 1990 and 1999, fueling a D/FW growth rate of almost 21%. The Dallas area was responsible for the daily addition of more than 170 of these new residents.

· The Dallas metropolitan area has the 11th largest Hispanic population, the 17th largest Asian population and the 10th largest Black population.

· The Dallas area, with a median population age of 32.6, has a young labor market compared to the national average of 35.4.

· There are approximately 2 million people in the Dallas PMSA civilian labor force, with an unemployment rate around 3%, significantly lower than the Texas and U.S. unemployment rates of 4.6% and 4.1%, respectively.

· The Dallas metropolitan area had a net gain of over 470,000 new jobs from 1990 to 1999, with most of the job growth occurring between 1994 and 1998 when the D/FW area added between 80,000 and 110,000 jobs each year.

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