Why do so many people want to move to Texas? Maybe because Texas is the 9th largest economy among the nations of the world and offers a business-friendly climate—with no corporate or personal income tax—along with a highly skilled workforce, easy access to global markets, robust infrastructure, and predictable regulations.
More than 500,000 people have relocated to Texas in 2019 according to a 2021 Texas Relocation Report. Texas has welcomed more than 200,000 residents from outside the country in 2019 as well.
The fastest growing areas of Texas are the suburbs outside of Dallas. Record numbers of people are moving to Celina, Prosper, McKinney, and Plano.
The overall population growth in North Texas has created a lower inventory of homes and land. The Northern Texas real estate market is a good indicator of how active our area is right now. The monthly residential inventory continues to be well below average, days on market are low and homes are selling close to the list price or even higher.
Reasons to Move to Texas
Most of the state has mild weather, almost throughout the year. This makes it easy to enjoy the outdoors and the Northern Texas lakes and rivers. The state’s overall mild weather is a big draw for people living in places with long and cold weather.
No State Income Tax
There are seven states in the US, including Texas, where there is no personal state income tax. There are tax incentives for businesses as well.
Texas has always proven to be an economic powerhouse with its strong growth in business services, manufacturing, healthcare, and the technology sector. People moving to Northern Texas aren’t just moving for more employment opportunities but also for higher wages. Businesses are relocating here because Texas offers a high number of university graduates.
The education scores are high in national tests in math, science, and reading for 4th and 8th graders. For instance, in 8th-grade math, Texas students scored higher than the national average. They outscored the students from Florida, New York, and California. Texas also offers affordable, top-ranked universities.
Home & Land Affordability
Homes and land is most likely cheaper. The process of land ownership is easy. The time required, compared to many other states, is much less, from when you get the building permit to the construction of your home. Texas has fewer regulations. The land supply is also abundant and housing is also affordable.
Cost of Living
For most people, California and New York are both too expensive. Northern Texas, on the other hand, can be much cheaper to live in. So your paycheck will go much more here. Celina and its surrounding suburbs have a low cost of living, thanks to the lower transport and utility costs, consumer prices, and housing.
Texas offers year-round activities like biking, hiking, and running. There are also large outdoor spaces and parks in the DFW area and its suburbs. There are museums, zoos, lakes, aquariums, dance, theater, wineries, orchestras, fine dining, parks, and much more. Northern Texas also hosts many events and festivals throughout the year.