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Why are so many people moving to Texas?

By
Real Estate Agent with Austin Texas Homes

 

 

"I don't think people go for the weather or topography," says Joel Kotkin, professor of urban development at Chapman University in Orange, California. "The main reason people go is for employment. It's pretty simple.

 

"The unconventional oil and gas boom has helped turn Texas into an economic juggernaut, particularly world energy capital Houston, but growth has also been strong in tech, manufacturing and business services."

Critics have questioned whether the "Texas miracle" is a myth, based on cheap labour and poor regulation.

But Kotkin says Texas has plenty of high-wage, blue-collar jobs and jobs for university graduates, although people looking for very high-wage jobs would probably head to Seattle, San Francisco and New York.

Four of the top 10 metropolitan areas for job growth in 2013 are in Texas, according to Kotkin's website, New Geography.

Texas also has a huge military presence, which grew as defence spending increased in the decade after 9/11. Many retired Texans first came to the state as service personnel.

Texas is one of only seven states where residents pay no personal state income tax, says Kay Bell, contributing tax editor at Bankrate and Texan native.

The state has a disproportionate take from property taxes, which has become a big complaint among homeowners, she adds. But overall, only five states had a lower individual tax burden than Texas, according to Tax Foundation research.

There are also tax incentives for businesses and this week legislators cut more than $1bn off proposed business taxes.

Comments (4)

Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Alan, very interesting economic information about THE LONE STAR STATE!  Government can make the economic environment ripe for private job creation.  It is very interesting to see which states are truly growing jobs and who sits in the governor's mansion!

Oct 02, 2013 04:37 AM
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

Seems Texas has got it right with job creation and lower taxes!  And, yes, as Bruce said above, it is VERY  interesting to take a look at what governors have it just right. 

Oct 02, 2013 06:39 AM
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Alan,  It looks to me that Texas is getting bombarded from ALL SIDES.  That's why it is the nations largest state. It needs to be with all the new residents.

Oct 02, 2013 12:02 PM
Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Bruce, Susan and Larry: 

Thank you for your comments. Hope you all have a wonderful and blessed week. 

Oct 03, 2013 01:45 AM