Texas is a great place to live for many reasons. With its warm climate, tax-friendly policies, and diverse cities, it's no wonder that the Lone Star State is one of the fastest-growing states in the U. S. An affordable cost of living, a temperate climate, a promising job market, and plenty to see and do make Texas an attractive destination for young professionals, families, and retirees alike.
One of the main draws of Texas is its lack of a state income tax. This policy alone causes people to move to the Lone Star State each year due to a lower overall tax burden. In addition, entrepreneurs enjoy the fact that Texas is a business-friendly state. For example, you have what is called a “franchise tax” which applies only to companies, not to individuals.
It is based on margins rather than profits or revenues, so small businesses in Texas don't have to pay a lot of taxes. In addition to this, the sales tax in Texas is comparatively low at 6.25%. Texas is also known for being big and getting bigger with an average daily influx of 1,000 new people. Despite all the traffic, there are some areas in Texas that you can get around largely on foot if you choose the right neighborhood.
Affordable housing allows you to live big even on a relatively low income. Check out these more affordable Austin suburbs to get an idea of what you can afford and see if you can buy an apartment or a house. As an industrial center, Texas has a lot of Fortune 500 companies with regional headquarters or operations in the state. You can expect short travel times and periods of heavy traffic that last less and are less intense than traditional rush hours.
Dive bars, nightclubs, museums and green spaces make Texas one of the most entertaining destinations in the nation. In San Antonio, the famous riverwalk draws visitors to the number one attraction in Texas, which features restaurants, shopping and cultural experiences. Texas is also home to many independent artists making the music scene more dynamic and diverse. Due to its large size, Texas naturally experiences large differences in temperature and climate as some areas experience a subtropical climate while others have a dry desert climate. You'll have plenty to choose from when you move to Texas as the state's diverse topography has something for everyone. What's more impressive is that there are tons of major companies based in Texas including Hewlett Packard Enterprise, Space Center Houston, and SpaceX.
From elementary school to graduate school it's easy to access a good education both private and public in Texas. Wages also go further in Texas thanks to a cost of living that is 8 percent lower than the national average. However, like anywhere else moving to Texas may not be without some challenges. One of these challenges is that property taxes are fairly high in the state. Additionally, Texas is known for being prone to hurricanes which can cause a lot of damage to your property or even your life.