cost of living | KERA News

cost of living

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To live “comfortably” in Dallas these days, you’ll need $57,984 per year, according to a report published this week by Go Banking Rates, a financial website.

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City of Dallas and community leaders gathered Tuesday to talk about everything from child poverty to living wage jobs. Experts say getting a grip on the problem is the first step to solving it.

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Landing a good job is especially tough with a newborn to care for. When you're a teen mom, it's more complicated still. That’s where a Dallas non-profit called Alley’s House finds its mission.

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Half a dozen bills designed to raise the state’s minimum wage are working their way through a Texas House committee. Currently, Texas pays at the federal rate which is $7.25 an hour.

A significant bump in hourly pay could be a long shot in a staunchly conservative legislature. One advocacy group has just issued a study endorsing President Obama's call to raise the minimum wage to $10.10 an hour.

Learn About Dallas' Jubilee Park In New KERA Series

Feb 24, 2015
Thorne Anderson

Going to school, finding a good job, opening a savings account, buying a home -- they're all parts of the American dream. But they might just be dreams for many in North Texas, where one in three can’t weather a financial storm that lasts 90 days.

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A report out this year found the number of women-owned businesses has increased at one and a half times the national average between 1997 and 2014. During that time, Texas saw a 98% percent growth in women-owned businesses – the second highest in the nation behind Georgia.

Michael Cox, the current director of SMU’s O’Neil Center for Global Markets and Freedom and a former chief economist for the Dallas Federal Reserve Bank, says some of what fueled growth for women applied to business owners across the board.

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Dallas Mayor Mike Rawlings said over the weekend he wants the City Council to consider raising the minimum wage for workers employed by city contractors. The mayor's announcement comes after Dallas County is considering a similar increase -- and as cities and states across the country are raising the minimum wage, saying their workers should be earning more.