Californians are seeking more affordable living optionsAccording to Edelman, 53% of Californians leave the state due to the high cost of living. Amid the Covid pandemic, California also became less attractive for entrepreneurs as most companies work remotely.
Texas ranks among the fastest-growing states in the US, and for a good reason. An affordable cost of living, temperate weather, promising job market, and plenty to see and do makes Texas a win for newcomers. Before you pack up and move to some of the best places in Texas, learn more about the Lone Star State.
The Texas economy is boomingThe State of Texas is home to one of the healthiest state economies in the country. In fact, WalletHub ranks Texas as having the 12th best state economy based on GDP growth, startup activity, jobs in high-tech industries and more.
No Income TaxAnother reason your wages go further in Texas is the lack of an income tax. This incentive draws people to the state in the hopes of keeping more of their income. Combined with the low cost of living, the lack of income tax makes it easier to live the way you want in Texas.
Texas also ranked second in terms of residents moving out of state in 2019, with approximately 435,000-471,000 people leaving bluebonnets and longhorns behind. When all the math is said and done, that's a net gain of approximately 100,000 new Texas residents for the year.
9 Celebrities Who Now Live in Central Texas
- James Van Der Beek. In September 2020, the star of Dawson's Creek and Varsity Blues took to Instagram to document his journey moving from Los Angeles to Central Texas.
- James Marsden.
- Elon Musk.
- Chris Bosh.
- Tate Donovan.
- Adrianne Palicki.
- Rachel Hollis.
- Scott Eastwood.
Tesla will now move its HQ and future programs to Texas/Nevada immediately. Last week, the business-focused tech firm Hewlett Packard Enterprise announced it would be moving its headquarters to Houston, Texas.
Here's a look at eight fantastic cities to call home in Texas.
- #1 Austin. Reason to Move: Austin's prosperous job market, wonderfully “weird” culture and red hot restaurant scene make it a magnet for students and young professionals.
- #2 Dallas.
- #3 Fort Worth.
- #4 Frisco.
- #5 Houston.
- #6 Pearland.
- #7 Plano.
- #8 San Antonio.
Tornadoes occur with greatest frequency in the Red River Valley of North Texas. More tornadoes have been recorded in Texas than in any other state, with 8,007 funnel clouds reaching the ground between 1951 and 2011, thus becoming tornadoes.
AUSTIN, Texas — Google has announced it plans to invest $50 million in Texas this year in office space and data center sites, the company confirmed to KVUE. The investment comes as part of an overall plan to spend $7 billion and create 10,000 new full-time jobs throughout the U.S. in 2021.
DALLAS — San Francisco-based software company Salesforce has signed a lease at The Union, a mixed-use property located at 2300 N. Field St. in Dallas that includes a 420,000-square-foot office tower and a 31-story residential building.
Amazon delivered good economic news, announcing plans for a 700,000-square-foot distribution center and warehouse in Waco. Gov. Greg Abbott and other state officials heralded the plan to bring up to 1,000 workers to Central Texas at a starting wage of $15 an hour.
Last month, Oracle, the tech giant, announced it is moving its corporate headquarters from Redwood City, California, to Austin, Texas. Other such moves include Palantir, which decamped for Denver, while Musk said last month he had moved himself to Austin.
Low Cost of LivingOne of the reasons so many people move to Austin from other big cities such as San Diego, CA, is because they can find a lower cost of living to accompany the good jobs they desire. Austin does not provide the lowest possible costs in the country.
Google already has one office building in Austin, which has affixed the company's logo to the Austin skyline. A second Google building is under construction downtown and a third is in progress at Plaza Saltillo just east of downtown.
Apple broke ground on its new north Austin campus in 2019. The sprawling 133-acre campus will initially have 5,000 employees and will provide a wide variety of engineering, research and development, operations, finance, sales and customer support jobs.
Oracle to move HQ from Silicon Valley to Texas, but Ellison says aloha. Business software and services company Oracle is changing its corporate headquarters from the Silicon Valley area to Austin, Texas, to provide its workers "with more flexibility about where and how they work," the company said Friday.
On December 11, Oracle, the world's largest data base company, announced it was moving its headquarters from Silicon Valley to Austin. The announcement, coupled with major expansions underway by Apple, Facebook, Tesla, and others, is a feather in the cap of local business boosters.
Facebook opened its latest Austin office in 2019, occupying 256,500 square feet in Third + Shoal. Facebook has also been building out an office at Domain Northside in North Austin, where it has leased the entirety of the Domain 12 building — which is roughly 320,000 square feet.
Amazon continues to expand its fulfillment center network with the development of a new location just outside Austin, Texas, in Pflugerville. Amazon's new facility will sprout up along Pecan St. off State Highway 130 on a 94-acre site that was recently incorporated into city limits.
The Texas economy's long-standing ties to the energy sector helped drive employment and income expansion amid rising oil and gas prices, though commodity price depreciation has challenged further growth over the past year.
