A lot of Americans and foreigners as well don’t have very high opinions about Texas. Everyone is rushing to California, New York or Florida, but little do they know that Texas beats most of these states when it comes to growth, standards of living and helpful laws. If you are not looking to become “a star” and instead want to start a family and a business of your own there is no better state than Texas.
Texas has a great standard of living and if you work honestly and put in the effort, you will definitively be able to set your life straight and live happily here. No matter if you are single or have a family Texas can be a great place for you to settle in. I know it doesn’t sound glamorous because the media doesn’t present it this way, but there are a lot of facts that show that Texas is one of the best U.S. states to live in.
So let’s get to them.
The cost of living is very low
All the people who don’t know much about Texas first say that it has low wages and that you will get paid less for the same job than in some other states. Yes, this is true, and although wages are slightly lower, the cost of living in Texas is also quite lower than in other states. In the end these things even out and it’s the same as living in any other state.
A person doesn’t have to spend a lot to have everything he or she needs. Rent, health and food are all cheaper. Utilities and gas are significantly cheaper, given the fact that it’s an oil state. This means that it’s easier to start a business as you will need to invest less money.
First of all, Texas has no income taxes. It also has no corporate income taxes and last year the governor of Texas approved tax cuts for homeowners and business organizations worth $4 billion. The tax revenue is regulated with the state sales tax and it can go up to 8 % depending on the city you are in.
Property Taxes are also imposed but they can vary a lot depending on how luxurious and large the property you are buying is. It also has a lot of mild regulatory policies such as “one sticker vehicle registration” designed to reduce the state costs and make the process of getting them easier.
Real estate is much cheaper
Texas is the second largest state in the U.S. second only to California and it was always rich with land, which means that you can find lot of relatively affordable real estate. A lot of properties on the market equals more competition and lower prices.
If you are looking to buy a property here you will definitively be able to find what you are looking for. There are more expensive areas of course, but if you compare them to other states they are also generally cheaper.
Great sports community
During the 2016 Olympics which took place in Brazil, United States took away more medals than any other country: 121 in total. The United States of America also got the most golden medals, 46 in total, however if you take away the golden medals which were won by athletes from Texas you would see that if it were an independent country, Texas would take the third place in total gold medals won, behind the rest of the U.S. and Great Britain. This shows that the sports community is very good and if you are an athlete or want your kids to be (look into the effects of youth sports here), Texas is the right place for it.
Low unemployment rate
When talking about unemployment, one might think that Texas had lot of problems when the crude oil prices fell back during the global economic crisis in 2007. Although there were consequences, the reality is that Texas’s economy proved to be quite resilient, as its unemployment rates were quite smaller than in some big economies, such as the European Union, Canada or the rest of the United States.
This is because the lower regulations and costs attract new businesses to come to Texas and start their work here. They create new job positions and a stable job market. Some might argue that the people are quite underpaid in Texas, but this is not entirely true.
The population in Texas is very young and the wage figures you can see include a lot of underage employees and students who have part time jobs, which are usually paid less and give no insurance.
In the end, remember that there are a lot of friendly people in Texas and they have strong communities that will help you get used to living in there. A lot of tech companies are investing in Texas because they see opportunities and if they are doing it, you shouldn’t be afraid to make the same step.