If it seems like everyone is moving to Texas these days, there’s a reason…they are!
According to the U.S. census bureau, Texas received the most new arrivals between 2011 and 2012 (210,590 new arrivals), distantly followed by North Carolina (60,106 new arrivals) and then Virginia (40, 844 new arrivals).
But why Texas? Here are just a few reasons people are relocating and making the Lone Star State home.
Now, you may have already guessed this but, many people are moving to the State for employment. Strong growth in the areas of energy, technology, manufacturing and business services in Texas has put the state on top in terms of job growth. In fact, according to Joel Kotkin, professor of urban development at Chapman University in Orange, California, four of the top 10 metropolitan areas for job growth in 2013 are in Texas.
2. IT’S CHEAPER
Lower median home prices, combined with an easier process of land acquisition makes it more affordable and less complicated for would-be Texans to call the state home. Dr Ali Anari, research economist at the Real Estate Center at Texas A&M University, says that a more abundant supply of land and fewer regulations make buying land/homes in Texas appealing to those looking to relocate.
3. LOW TAXES
According to Kay Bell, contributing tax editor at Bankrate, Texas is one of only 7 states in the U.S. where individuals pay no personal state income tax. And, according to Tax foundation Research, only 5 have a lower tax burden than Texas. This, combined with recent tax incentives & tax cuts to businesses, has many people and companies seriously considering a move to the Lone Star State.
Whether you were born & raised here, or just got here as quick as you could, watch out! Texas was also named the “stickiest state” by Pew researchers meaning, once you’re here, you may not be going anywhere anytime soon. But, with all that Texas has to offer, why would you want to? 🙂