Texas is a popular destination for working families and retirees for a variety of reasons. Some common motivations include warm weather, the absence of income taxes, and abundant employment opportunities. If you're wondering what are the best places to live in Texas, our guide should make it easier to find your ideal community. Texas is among the fastest-growing states in the U.S.
In the U.S., and for good reason. An affordable cost of living, a temperate climate, a promising job market, and plenty to see and do make Texas a win for newcomers. Because the cost of living in Texas is approximately 6% lower than the average for all U.S. states.
Food and health care help save costs by living here. One of the reasons Texas is so popular is the 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's called a “franchise tax.” This tax applies only to businesses, not to individuals. In addition, it is based on margins rather than profits or revenues. As a result, small businesses in Texas don't have to pay a lot of taxes. In addition to a lower tax burden, the sales tax in Texas is comparatively low, at 6.25%.
All that said, the state has fairly high property taxes, but we'll talk about that later. You can also enjoy live music with an informal brunch, stand in line at the cafeteria, in the middle of the day for a snack and almost any time of the day or night. Expect to spend time with long hours of traffic, unless you live, work and play in the same area and don't mind staying. That's no laughing matter, and it could even be a tipping factor in favor of moving from California to Texas.
Dive bars, nightclubs, museums and green spaces make Texas one of the most entertaining destinations in the nation. Like people, it seems that the culture of Texas offers similar extremes, making it a state where almost everyone can find something they love. Even with the increase in the selling price of homes, Texas remains affordable compared to other metropolitan areas such as Seattle, Washington. Take a look at these more affordable Austin suburbs to live in to get an idea of what you can afford and see if you can buy an apartment or a house.
However, as innovation begins to seep into the big state, some are calling a city in Texas the Silicon Valley of the South. As an industrial center, Texas has a lot of Fortune 500 companies with regional headquarters or operations in the state. Despite a lack of public transportation, Texas is still home to the most extensive light rail system in the country. Big industry giants such as ExxonMobil, GameStop, AT%26t, Southwest, Texas Instrument, Phillips 66, Whole Foods and Valero are just some of the big companies that have made Texas their base of operations.
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