With a state name that literally translates to ‘friend’ or ‘ally’, more and more people are turning to our lone star state to now call it their forever home. So why should Texas make your list of places to consider for making your next move?
Well, we have a lot to brag about in Texas. From our state fair, rodeos, delicious food, live music, diverse culture, hot weather, beautiful sunsets and natural resources, but here are some very important points about Texas you may not have known about that also make it a great place to re-locate to.
No State Income Tax
Probably one of the biggest draws of moving to Texas is the zero state income tax policy. Combined with the low cost of living, keeping more of your income makes it easier to live the way you want thanks to Texas being one of the most tax-friendly states in the country.
Booming Economy
The State of Texas is home to one of the healthiest state economies in the country. This is partially due to several Fortune 500 companies moving their operations to Texas. This in turn makes it a hot spot for job seekers with plenty of employment opportunities throughout the state and with above national average wages.
In 2021, WalletHub compared all 50 states across 28 key indicators for startups to determine the most fertile grounds in which to launch and grow an enterprise. The results ranked Texas as #1 for being the best state to start a new business.
Affordability
Another tempting reason to move to Texas is the affordable housing, allowing one to live big even with a relatively low income. There is no shortage of land in Texas, making property outside of the inner cities quite desirable. You can even save on electricity expenses as Texas is one of the few states to have a deregulated electricity sector which keeps prices competitive.
Educational Opportunities
Many students worldwide are moving to Texas to study at some of these prestigious institutes, making it an educational hub with no shortage of educational opportunities. Two of the state’s publicly funded universities, the University of Texas in Austin and Texas A&M University in College Station, are among the largest universities in the country. Looking to get into real estate? Texas A&M University is also home of the nation's largest publicly funded organization devoted to real estate research.
If you decide to move to Texas be ready to join fellow Texans who not only love their state but are not afraid to tell you how immensely proud they are to live here. Here are a few reasons some of our Willow Bend Title team are happy they call Texas home....
"I am Texas born and raised and I can say the Texas economy is unmatched. For example in 2008, the rest of the country was facing a crazy crash in the housing market. Texas just lost some growth and leveled out.... but nothing actually declined!"
"Besides the work, eat, play lifestyle there is an abundance of lakes (great for fishing) and we have great roads, highways and public transit systems. Texas is also small business friendly making it easier to be self employed and there is housing available on all economic levels!"
Still not sure if buying a home in Texas is right for you and your family? Contact us for more insights. We'd love to answer any questions you may have and also lead you in the right direction to any resources you may need to start the process.