I’ve noticed lots of news articles in recent years about the apparent exodus of California residents choosing to move to Texas, and you’ve probably noticed it too. There are several reasons why so many people are moving from California to Texas. If you’re thinking about relocating to Texas from California, you can expect to enjoy several significant benefits.
Why Are Californians Moving to Texas?
While California continues to be an economic powerhouse for the United States, Texas has quickly closed the gap in terms of economic power and may soon become the top state economy in the country. While there are pros and cons of moving from California to Texas, most people who make the move find that the advantages far outweigh any potential drawbacks. Californians are moving to Texas because of the cost of living in Texas vs. California, the ample home buying opportunities in the Lonestar State, and the much more agreeable tax structure of Texas.
The attractive aspects of Texas are just one part of why so many people are leaving California for Texas. Wealth inequality is much more apparent throughout California. While California’s wealthiest residents may enjoy a high standard of living, poverty is a very big problem in California. This trend has disrupted the housing market and several other important economic sectors in California in recent years.
Texas vs. California
Is it cheaper to live in Texas than California? I think it’s safe to say that this is definitely true. California has some of the highest taxes in the entire U.S., including a high state income tax rate, while Texas has no state income tax. Texas may have some of the highest property tax rates in the U.S., but California’s property tax rates are much higher. Overall, one of the best benefits of being a Texas resident is the overall lower cost of living. Residents of the Dallas-Fort Worth area, in particular, enjoy relatively low property taxes, affordable utility costs, and a pleasant atmosphere when they settle into their new homes.
Buying a Home in Texas
The Dallas-Fort Worth area is one of the most popular destinations for Californians moving to Texas. When it comes to buying a home in Texas, most people who move from California to Texas quickly realize the cost of living is much lower across the board when it comes to their taxes, utilities, and the overall quality of living in the DFW area. Many metropolitan areas of California are struggling economically for many reasons while the DFW economy continues to thrive. The Frankie Arthur team is always happy to help newcomers to Texas find great deals on homes that suit their lifestyles and their budgets.
Benefits of Being a Texas Resident
I think you’re sure to find many benefits to being a Texas resident, in addition to the lack of state income tax:
• While generally hot, Texas’s climate is more agreeable than California to most new residents, and the air quality is much better.
• The crime rate in Texas is much lower than in California. Additionally, many new residents tend to find their local communities to be more welcoming and generally friendlier than their previous California communities.
• The economy in California has struggled in recent years. Several economic sectors are experiencing incredible growth across Texas, including the energy, healthcare, education, and service industry sectors.
• Utility costs for your home are likely to be much lower in Texas than in California. Texas residents tend to pay much less each month for water, gas, and electricity.
• The housing market of Texas is much more agreeable for new homebuyers. Property costs are notoriously high in California, which has a compound effect that drives up the overall cost of living significantly.
These are just a few examples of the benefits of moving from California to Texas. I think these practical benefits are more than enough reason for anyone to consider moving from California to Texas. Still, on a personal note, the Dallas-Fort Worth area is one of the friendliest and most welcoming communities in the state. New residents are sure to enjoy a comfortable climate, a strong sense of community, and countless practical benefits to living in their new neighborhood.
The reasons why so many people are moving from California to Texas are obvious. I think anyone who decides to investigate the housing market of the DFW area will quickly notice that housing prices are not only more affordable for an initial purchase but also long-term when it comes to the lower taxes, utility costs, and living expenses in Texas.