written by: Melinda Guravich
10/12/2020

Compensation Costs in the Dallas Metropolitan Area

For the 12-month period ending March 2016, the U.S. Bureau of Labor Statistics reports total compensation costs for private industry workers increased 1.6 percent in the Dallas-Fort Worth metropolitan area (compared to an annual local increase of 2.3 percent a year ago). For the current one-year period, advances ranged from 2.8 to 1.7 percent in the four other southern metropolitan areas (Atlanta, Miami, Houston and Washington). The nationwide increase was 1.8 percent.

Locally, wages and salaries, the largest component of total compensation costs, increased 2.5-percent for the 12-month period ended in March 2016. This compares to a range of 3.5 to 2.1 percent in the four other southern localities and a 2.0 percent increase nationwide.

Read the full article