Texas is a popular destination for many people due to its lack of a state income tax. This policy alone causes people to move to the Lone Star State each year, as it results in a lower overall tax burden. In addition, entrepreneurs enjoy the fact that Texas is a business-friendly state, with a “franchise tax” that applies only to companies and is based on margins rather than profits or revenues. The sales tax in Texas is comparatively low, at 6.25%.The median retail price of homes in Texas has risen 20.2% year-on-year, but it remains affordable compared to other metropolitan areas such as Seattle, Washington.
The climate in Texas varies depending on where you live, with temperatures ranging from 94 to 98 °F in Fort Worth and 88 to 91 °F in Houston. Property taxes tend to be higher than in most states, as Texas does not have an income tax. Small towns are available in the state if you prefer a quiet and serene environment, such as Loving County which has a total population of just 19 people. Affordable housing allows you to live big even on a relatively low income, and the process of getting a building permit and constructing a new home is much quicker than in most other states. New highways are often being built due to the fast-growing population of Texas, but collisions are more common than congestion problems. The state is vulnerable to severe weather conditions such as tornadoes, floods, hurricanes, wildfires, and thunderstorms.
According to Plano Economic Development, Texas ranks fourth in the nation for low-tax states. The pros and cons of living in Texas are a mix of potential pros and cons that may or may not apply. You can find live music almost every night available in the city and have access to the rest of the state to explore. Central Texas is addressing congested highways with plans to build the country's first high-speed rail.