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Old 06-29-2015, 07:19 AM
 
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Dallas Neighborhoods - Best Places to Live, Things to Do and Restaurants in Dallas Neighborhoods

This should help a lot of newcomers to Dallas' neighborhoods who may be wary of the "city".

I do see quite a few omissions - for instance East Dallas neighborhoods like Munger Place, Junius Heights, Little Forest Hills, Casa Linda are missing. But it's nice they went as far east as Lochwood.
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Old 06-29-2015, 07:29 AM
 
Location: Dallas, TX
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Good link. I can never comprehend the household income stats. Let's just look at UP and HP for instance. Yes I understand some SMU kids live in the area and may have it as there place of residence, but still. 127, 125K is the median household income????

Last edited by bencronin04; 06-29-2015 at 07:45 AM..
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Old 06-29-2015, 07:47 AM
 
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Some of the numbers do not look right to me.
Highland park - homes are million+ but household income is 123k.
I bet 123k is not enough to maintain those homes.
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Old 06-29-2015, 07:56 AM
 
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Quote:
Originally Posted by aggierk View Post
Some of the numbers do not look right to me.
Highland park - homes are million+ but household income is 123k.
I bet 123k is not enough to maintain those homes.
It's median income, not average. So if there is an SMU kid making $5k/yr, a retired couple who makes $123k in retirement income, and a professional athlete making $7M/year, the median income is still $123k. The average is going to be around $2M, but the median is $123k
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Old 06-29-2015, 08:01 AM
 
Location: Dallas, TX
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Quote:
Originally Posted by TurtleCreek80 View Post
It's median income, not average. So if there is an SMU kid making $5k/yr, a retired couple who makes $123k in retirement income, and a professional athlete making $7M/year, the median income is still $123k. The average is going to be around $2M, but the median is $123k
But there a LOT more working professionals in the Park Cities than student and retired couples. So it would more than likely fall towards the higher side I would think.

UP: The median household income is $123,480 and the employment rate is 92.9%.

HP: The median household income is $127,668 and the employment rate is 94.9%.
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Old 06-29-2015, 08:40 AM
 
Location: garland
1,595 posts, read 1,570,247 times
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Quote:
Originally Posted by bencronin04 View Post
Good link. I can never comprehend the household income stats. Let's just look at UP and HP for instance. Yes I understand some SMU kids live in the area and may have it as there place of residence, but still. 127, 125K is the median household income????
Well, after all of the tax sheltering and offshore accounts are done, it wouldn't surprise me if the tax records do, in fact, show a median household income around that number. It's funny they list a median household income as $109,933 while also listing median owner-occupied home value at $943,378.
Median income per household in their stats could be determined by one wage earner at $500,000 among a family of 5 and not include passive income.

It's D Magazine so they always like to take a cafeteria approach to the facts and statistics.

For example, they proudly claim Big D as the 4th largest metropolitan area and then quietly ignore every region outside of Dallas-proper used to actually arrive at that figure.
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Old 06-29-2015, 09:07 AM
 
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Quote:
Originally Posted by pepper131 View Post
I do see quite a few omissions - for instance East Dallas neighborhoods like Munger Place, Junius Heights, Little Forest Hills, Casa Linda are missing. But it's nice they went as far east as Lochwood.
Thanks for the link share! We hope these guides are a resource for newcomers and locals alike. Munger Place and Junius Heights are subdivisions of Old East Dallas. We plan to create a 4th level of subdivisions once we cover all other neighborhoods. Casa Linda and Little Forest Hills are on our short list. What other neighborhoods should we include?

We also plan to have a map that pulls live crime data from dallasopendata.com: https://www.dallasopendata.com/Polic...sion/iziq-23qd
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Old 06-29-2015, 09:11 AM
 
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Originally Posted by jdallas View Post
It's D Magazine so they always like to take a cafeteria approach to the facts and statistics.
We're using demographic data pulled from Nielsen SiteReports which represents sampling based on most recent U.S. Census estimates. We're not making up any numbers here. At first we were surprised by the numbers, but I think TurtleCreek80 hit the nail on the head. These are median numbers and students and retirees probably are a factor here.

We just launched these guides on Friday. We are going to be tweaking and adding to these over the next few weeks. Any other sources of data we can use that my be helpful to our readers would be much appreciated.
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Old 06-29-2015, 10:42 AM
 
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Quote:
Originally Posted by dmagazine View Post
We're using demographic data pulled from Nielsen SiteReports which represents sampling based on most recent U.S. Census estimates. We're not making up any numbers here. At first we were surprised by the numbers, but I think TurtleCreek80 hit the nail on the head. These are median numbers and students and retirees probably are a factor here.

We just launched these guides on Friday. We are going to be tweaking and adding to these over the next few weeks. Any other sources of data we can use that my be helpful to our readers would be much appreciated.
It's a combination of several factors:

1. Lots of asset rich retirees have very low to no active income especially so in certain years.
2. The SMU factor is real
3. Across large numbers of people economists/statisticians prefer median numbers as pockets of very rich or very poor people won't gut the numbers. In this case the numbers are small enough that it'd be very interesting to see the average income numbers as well.
4. A good number of very rich C-suiters have low active income as well, preferring to run the household with money from past liquidity events.
5. I'd also bet that rich people are more reticent to provide accurate numbers on census forms.

______________

I'll see if I can find numbers that might help you. I'll report back most likely tomorrow.
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Old 06-29-2015, 10:48 AM
 
7,283 posts, read 8,116,246 times
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Quote:
Originally Posted by dmagazine View Post
We're using demographic data pulled from Nielsen SiteReports which represents sampling based on most recent U.S. Census estimates. We're not making up any numbers here. At first we were surprised by the numbers, but I think TurtleCreek80 hit the nail on the head. These are median numbers and students and retirees probably are a factor here.

We just launched these guides on Friday. We are going to be tweaking and adding to these over the next few weeks. Any other sources of data we can use that my be helpful to our readers would be much appreciated.
The Census Bureau itself shows HP's 2009-2013 median household income as $191,422.
UP's as $173,520.



Highland Park (town) QuickFacts from the US Census Bureau


University Park (city) QuickFacts from the US Census Bureau
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