Should You Buy a Home in Texas?
If you’re considering packing up and investing in texas real estate, you aren’t alone. As the second-most populous state in the U.S., Texas is a haven for those looking for warm weather, diverse culture, and breathtaking landscapes.
In fact, Texas is so popular that 310,288 people flocked to live there in 2021 – and it’s not hard to see why. From the grassroots rodeos in San Antonio to the unadulterated glamour of Dallas, there’s something for everyone in the sprawling Lone Star state.
Here are some reasons you should consider making Texas your home, too.
A Booming Economy
Texas enjoys one of the healthiest economies in the U.S., and it beats California and Georgia in second place as the best state to start a business. Second only to California, Texas produces the highest percent of America’s GDP and ranks as the world’s ninth-largest economy.
In 2021, Texas boasted job growth of 13 million non-agricultural jobs – so if you’re seeking job opportunities, Texas is the place to be.
Lively Sports Culture
Home of professional sports legends like the Houston Astros, Houston Texans, Dallas Mavericks, Texas Rangers, and Dallas Cowboys, Texas is well-known for its lively sports culture.
Every weekend, you’ll find hoards of Texans in stadiums and sports bars watching their favorite games. While football is the most well-loved sport in Texas, there’s something for everyone to support and enjoy.
If you’re struggling to find a reasonably-priced home in the most popular U.S. cities, consider house hunting in Texas.
In San Antonio – one of Texas’ most famous cities – the median home price is $280,000, or $159 per square foot. In Houston – a city with many job opportunities – the median price is $329,000. In Plano – a city known for its school district – the median listing price is $475,000.
No State Income Tax
Undoubtedly, one of the biggest reasons people flock to live in the Lone Star state is they don’t have to pay state income tax.
Texas is one of only seven states that do not require individuals to pay tax on their personal income. Instead, it relies on sale and property tax.
Unique and Diverse Culture
Most of the people who decide to relocate to Texas are young, growing families – which makes sense. With the relatively low cost of living, absence of income tax, and abundance of job opportunities, Texas is perfect for couples looking for a place to settle down and have kids.
The young families who have already moved to Texas have created a diverse, family-friendly culture. In fact, Texas was named the second-most diverse state in the U.S. by WalletHub. Texas also ranks fourth for “Most Radical and Ethnic Diversity” in the same study.
Texas is known for its foodie scene and is home to some of the best fine dining restaurants in the country. The old saying “everything’s bigger in Texas” certainly applies to the flavors and portion sizes!
Whether you’re craving authentic Tex Mex and iconic Texas BBQ or you’re looking for gourmet food trucks and street food, Texas has a melting pot of all of America’s favorite dishes.