Wonder why Californians are still moving to Texas? Primarily it’s because in Texas you can get a lot more for your money. In 2022 California had a cost index of 151.7, while Texas had a cost index of 91.5. A state’s cost index is calculated by how much it costs to cover basic expenses like groceries, transportation, housing and healthcare.
In California, you’ll pay 50% more than the national average cost of living, while in Texas, you’ll pay about 10% less than the national average.
In addition to the lower cost of living in Texas, unlike California, your income is tax free from a state income tax.
Texas also has a growth economy with several of Texas’ major cities among some of the fastest-growing economies in the nation, with Austin, San Antonio, and Dallas-Fort Worth holding the second, third, and fifth spots, respectively, on Forbes’ list of the 10 largest cities with the fastest-growing economies. This growth economy has made it much easier to find and keep employment in Texas vs California.
Please let us know if you’d like to talk in more depth about living in our area!
