Lake Dallas is a somewhat small city located in the state of Texas. With a population of 7,830 people and two associated neighborhoods, Lake Dallas is the 295th largest community in Texas.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.64% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

One downside of living in Lake Dallas is that it can take a long time to commute to work. In Lake Dallas, the average commute to work is 30.46 minutes, which is quite a bit higher than the national average.

Being a small city, Lake Dallas does not have a public transit system used by locals to get to and from work.

In terms of college education, Lake Dallas is somewhat better educated than the 21.84% who have a 4-year degree or higher in the typical US community: 28.02% of adults 25 and older in the city have at least a bachelor's degree.

The per capita income in Lake Dallas in 2018 was $34,390, which is upper middle income relative to Texas, and middle income relative to the rest of the US. This equates to an annual income of $137,560 for a family of four. However, Lake Dallas contains both very wealthy and poor people as well.

Lake Dallas is an extremely ethnically-diverse city. The people who call Lake Dallas home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Dallas residents report their race to be White, followed by Black or African-American. Lake Dallas also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 35.46% of the city’s residents. Important ancestries of people in Lake Dallas include English, Irish, German, Italian, and Scottish.

Foreign born people are also an important part of Lake Dallas's cultural character, accounting for 17.17% of the city’s population.

The most common language spoken in Lake Dallas is English. Other important languages spoken here include Spanish and Polish.