Are you dissatisfied with the fast-paced lifestyle of New York? Are you experiencing ennui due to the crowds and traffic, inclement weather, and exorbitant cost of living? If so, it may be worthwhile to contemplate relocating from New York to Texas. Furthermore, you are not alone in this endeavor, as individuals throughout the United States are relocating for various reasons, including employment prospects, reasonably priced housing, reduced living expenses, low crime rates, and agreeable weather conditions, among others.
Prices and costs of living in Texas are much lower than in New York. For example, you can find big apartments in Austin only about half as much as small apartment price in Manhattan. And if you’re fed up with crowds and traffic, you’ll feel more space to breathe on the streets of Texas.
Think about your preferences before you consider moving from NY to Texas. If you’re moving from NY to Texas, consider hiring NYC interstate movers to move your belongings quickly, efficiently and safely.
Why More People are Moving from New York to Texas?
We’ll try to give an answer. According to a new U.S. Census Bureau report, of the 15 fastest-growing cities larger than 50,000 people, seven are in Texas. This also includes the top three: Frisco, New Braunfels, and Pflugerville. San Antonio is one of the cities with the greatest population by adding some 66 citizens every day!
San Antonio now has more than 1.5 million people and ranks as the nation’s seventh-largest city, just behind Philadelphia. But don’t worry, there are no such crowds on the streets like in NY. Houston is America’s fourth-largest city and is also the most diverse large city in the nation.
No taxes and lower costs of living are the reasons why more people are moving from NY to Texas. Texas expanded its housing supply by 10.3 percent for every household during the period, more than double the rate of New York.
Low Taxes
If you are considering relocating from New York to Texas, it may interest you to learn that despite New York having the highest tax burden of any state, Texas does not impose any state income taxes. The majority of Texas’ tax revenues are derived from taxes on businesses, property, and retail sales. The effective property tax rate throughout the state is 1.7%.
This means – more savings! Compared to NY where the state collects $7,400 per resident, Texas collects $3,500! What do you need to pay? If you want to start a small business in Texas, expect to pay employment and sales tax. You’ll also pay taxes on retail purchases. In Dallas and Austin, you’ll pay 8.25% in retail tax, while in Zavalla, you’ll pay a combined sales tax rate of 6.75%.
Costs of Living
Consider the prospect of expending a mere $7 in Texas for a commensurate brunch that would otherwise cost $20 in Manhattan. It is a well-established fact that New York is a city of exorbitant expenses, with a high cost of living and prices. In contrast, Texas boasts of a significantly lower cost of living, with affordable housing and gasoline prices.
Furthermore, Texas is among the top five most affordable places to reside in the United States, owing to its lack of income tax. The availability of reasonably priced housing is a significant draw for individuals, with the added benefit of larger homes.
The average 1 bedroom apartment is 870 square feet – that’s at least 40 sq feet larger than you’ll find in Manhattan. When it comes to cost, consider the risks of hiring cheap movers, you don’t want bad service. The median home price in Texas varies because the state is large. El Paso, Laredo, and Beaumont have median home prices of around $151,000. The median household income is $59,295, which is $2077 lower than the US average.
Job Opportunities
When considering the abundance of employment prospects, New York City stands unparalleled. However, it must be noted that the cost of living in this region is significantly higher than that of Texas. In recent years, Texas has witnessed the addition of over 300,000 job opportunities, which accounts for 12% of the total jobs added across the nation. In comparison, the private job sector in New York has only increased by 113,000, indicating that Texas has more than twice the number of job opportunities.
When it comes to the unemployment rates, Texas wins with 5.5 percent against New York’s 6.9. Texas’ major industries include energy, agriculture, petrochemicals, higher education, tech, aerospace and other. According to recent research, the energy sector and higher education are Texas’ biggest employers.
There are many large companies in Texas such as Exxon Mobil, Phillips 66, ConocoPhillips, Sysco, Kimberly Clark, AT&T, American Airlines and other. Also, a quick reminder to seek where to find free packing materials as well.
Transportation Costs
Transport is really expensive in New York. Transportation costs are about 52% higher in New York than in Texas. Traffic and crowds in NY are a real nightmare, but you can also meet with it in large metropolitan cities like San Antonio, Austin, Dallas or Houston. The difference is, you can easily drive your car, while more than half New Yorkers don’t own their car.
Simply, it’s not affordable. It’s expensive and you can’t find a place to park. This is why they are using the metro, taxi or UBER. The Dallas-Fort Worth International Airport is the second largest in the nation, while rail system doesn’t quite match up to New York standards, but Dallas, Houston, San Antonio, and Austin have bus and light rail systems. Amtrak can take you around Texas, Chicago, Los Angeles, or some other place.