Dallas: The Cost of Eviction and Unpaid Bills of Financially Insecure Families for City Budgets

Brief

Dallas: The Cost of Eviction and Unpaid Bills of Financially Insecure Families for City Budgets

Abstract

In 10 major US cities, financially insecure families are prevalent, and residents’ financial insecurity affects city budgets. Families with less than $2,000 in savings ranged from 46 percent of residents (Seattle) to 73 percent of residents (Miami), compared with 52 percent of families nationally. The costs to cities range from between $8 and $18 million in New Orleans to between $280 and $646 million in New York City. In Dallas, the costs range from $24 to $56 million, suggesting that Dallas, like other cities, has an economic interest in helping to improve their residents’ financial health.

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The technical appendix that describes the data and methods can be found here.

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