10. Affordable Housing

One of the top reasons why people are flocking to Texas in 2023 is its affordable housing options.

Median Housing Prices:

Let's dive into the numbers. As of March 2023, the median housing prices in Texas and its major metropolitan areas are as follows:

The median house prices in various cities in Texas vary significantly. Texas, as a whole, has a median house price of $335,900. Among its major metropolitan areas, Austin-Round Rock has the highest median house price at $458,600, making it one of the more expensive housing markets in the state. Dallas-Fort Worth follows closely with a median price of $390,700, reflecting the strong demand in the DFW area. Houston-The Woodlands-Sugar Land has a median house price of $323,100, while San Antonio-New Braunfels has a slightly lower median price of $314,400. These figures illustrate the diverse real estate landscape within Texas, with varying housing costs in different cities across the state.

Affordability Across the State:

As with any state, housing prices tend to be higher in urban areas. However, Texas offers a unique advantage due to its vast size. The state provides a wide range of housing options that cater to every budget. Whether you're looking for a bustling city or a peaceful suburban neighborhood, Texas has it all.

Comparing Texas to the Rest of the Country:

When you compare the median housing prices in Texas to the national average and two other expensive states, such as California and New York, the difference becomes even more apparent. While the median price for a home in the USA stands at $407,992, California's median price skyrockets to $763,500, and New York's reaches $789,000.

Rent:

In addition to affordable home prices, Texas also boasts reasonable rental rates. The average rent in the state is $1201. This means that whether you choose to buy or rent, Texas provides cost-effective housing solutions that accommodate various financial situations.

9. Tax Advantages

When it comes to financial considerations, taxes play a significant role in the decision to move to a new state. In 2023, Texas is attracting people not only with its affordable housing options but also with its favorable tax advantages. In this video, we'll explore the tax landscape in Texas and how it can positively impact your financial well-being.

No State Income Tax:

One of the standout advantages of living in Texas is the absence of a state income tax. That's right, Texas residents enjoy the benefits of keeping 100% of their hard-earned income. Unlike many other states, Texas has voted against implementing a state income tax, allowing individuals and families to retain more of their money.

No Estate Tax:

In addition to the lack of a state income tax, Texas also does not impose an estate tax. This means that your heirs can inherit your estate without facing additional taxes on its value. The absence of estate tax is a significant advantage for those planning their financial legacies in Texas.

No Corporate Income Tax:

Texas also stands out as a business-friendly state due to its lack of a corporate income tax. This tax advantage has made Texas a hub for businesses and entrepreneurs, fostering a thriving economy and job opportunities. The absence of corporate income tax creates a favorable environment for both established companies and startups, allowing them to reinvest their profits and drive economic growth.

Comparing Tax Burdens:

To put the tax advantages in perspective, let's compare the overall tax burdens. Texas has a state tax burden of 8.6%, significantly lower than many other states. For instance, New Yorkers face an almost double tax burden with a rate of 15.9%.

8. Cost of Living

 Texas boasts a cost of living that is 5.8% lower than the national average. This means that everyday expenses, including housing, groceries, transportation, and healthcare, are more affordable compared to the rest of the country. Living in Texas allows you to stretch your budget and maintain a comfortable lifestyle.

7. Job Opportunities

Over the past year, Texas has witnessed remarkable job growth, with the addition of over 600,000 jobs. This influx of employment opportunities is a testament to the state's thriving economy and the numerous benefits it offers to both businesses and job seekers.

Migration of Large Corporations:

Texas has become a magnet for large corporations, resulting in increased job opportunities. Many businesses are relocating their headquarters or expanding their operations to the state. This migration can be attributed to Texas' business-friendly policies, such as the Texas Enterprise Fund and the Product Development and Small Business Incubator Fund. These initiatives foster a supportive environment for companies, encouraging their growth and expansion in Texas.

6. Weather

Something for Everyone:

Texas, known for its size, truly has something for everyone when it comes to weather. Whether you prefer a warm tropical climate or still enjoy snowy days and cold winters, Texas has the perfect region to match your preferences. Let's explore some of the distinct climates across the state:

Warm Tropical Climate:

If you crave a warm tropical climate, cities like Corpus Christi or other coastal areas can offer the ideal environment for you. With their proximity to the Gulf of Mexico, these regions experience mild winters and hot summers, allowing you to enjoy beach vibes and a year-round coastal lifestyle.

Moderate Winters:

For those who still appreciate snowy days and colder winters, moving to cities like Dallas or Lubbock might be the perfect choice. These regions experience more moderate winters, with average temperatures in the 40s. You can relish in the occasional snowfall while also enjoying milder temperatures compared to northern states.

5. Family Friendly

Texas has emerged as an ideal destination for families with children due to its massive size, thousands of highly rated schools, and recognition as one of the two best states to raise a family in the country.

Excellent Education

Texas boasts a remarkable educational landscape, with thousands of highly rated schools spread throughout the state. Parents can easily find institutions that provide their children with the best chance to pursue a high-quality education. In fact, according to niche.com, two of the top ten high schools in America are located in Texas.

4. Traffic 

Texas has earned its reputation as the 7th best state to drive in,taking into account infrastructure, maintenance costs, safety, and vehicle and maintenance access. 

When it comes to gas prices, Texas takes the lead, ranking number one in the country for average gas prices. This means that drivers in Texas enjoy the advantage of lower fuel costs, allowing them to save money on their daily commutes and long-distance travels.

Texas also claims the top spot in terms of the cost of ownership and maintenance of a vehicle.With low vehicle ownership costs, including registration fees, insurance rates, and taxes, Texans can enjoy the benefits of vehicle ownership without excessive financial burdens.

3. Lower Crime Rate

Texas is renowned for its lower crime rate and commitment to providing secure living environments for its residents. In fact, four of the five safest cities in the entire United States are located within the state of Texas.

2. Diversity

Another one of the biggest attractions of Texas lies in its diverse population, comprising individuals from various cultures and backgrounds. In terms of diversity, Texas holds an impressive seventh position in the country, boasting a 67% diversity index score. 

Texas can be aptly described as a melting pot of culture, heavily influenced by Mexico, which has fostered a vibrant and robust Hispanic community. The rich heritage and traditions brought by Mexican immigrants have significantly contributed to the cultural fabric of the state. This influence can be seen in various aspects of Texan life, such as cuisine, music, art, and festivals, where the essence of Mexican culture is celebrated and cherished.

The strong Hispanic community in Texas adds to the tapestry of cultures that coexist within the state, creating an environment that embraces diversity and promotes cross-cultural exchange. Texans have the privilege of engaging with people from all walks of life, broadening their perspectives and gaining a deeper understanding of different customs, languages, and traditions.

1. Lots to Do 

When it comes to things to do in Texas, the options are as vast as the state itself. With its enormous size, Texas offers something for everyone, ensuring a diverse range of activities and attractions to suit all interests.

Nature enthusiasts will find themselves in paradise, as Texas boasts two national parks and over 80 state parks, natural areas, and historic sites. Whether you're seeking breathtaking landscapes, wildlife encounters, or outdoor adventures, Texas has it all. From the iconic Big Bend National Park, known for its rugged mountains and scenic desert vistas, to the enchanting Guadalupe Mountains National Park, home to stunning canyons and diverse flora and fauna, nature lovers will have plenty of options to explore the state.

Sports lovers will find Texas to be a haven for thrilling athletic experiences. The state offers one of the most vibrant and energetic atmospheres for professional sports in the entire country. With two NFL teams, the Dallas Cowboys and the Houston Texans, football fans can witness top-notch games and immerse themselves in the electrifying spirit of the sport.

For basketball enthusiasts, Texas proudly boasts three NBA teams, making it one of only two states with such a distinction. Fans can cheer for the San Antonio Spurs, the Houston Rockets, and the Dallas Mavericks.

Texas is also among the select few states with two Major League Baseball (MLB) teams, further adding to the sports extravaganza. Fans can catch the Texas Rangers in Arlington and the Houston Astros, witnessing the thrill of America's favorite pastime in two distinct baseball stadiums.

Make Your Move to Texas and You Won’t Regret It 

Texas emerged as a highly sought-after destination for individuals and families looking to relocate. The state's unique appeal and numerous attractions have made it a top choice for many. From its vibrant cities to its natural beauty, Texas offers a compelling combination of opportunities and experiences that draw people in. Whether it's the affordable housing, diverse cultures, job prospects, or the sense of community, there are countless reasons why people are choosing to make Texas their new home in 2023.

If you need help making your move to Dallas, the Living in Dallas Texas Team is here to help. We help people from all over the country find the home of their dreams in the Dallas area and we can’t wait to hear from you. Give us a call, shoot us a text, or hop on a zoom so we can help you make that smooth move to Dallas!