Thousands of people move to Texas every year. It is not only because of its size or climate. There are many reasons why people around the U.S. and even around the world are moving to this part of the country. If you’re looking for homes for sale in Rockport, Texas, you will find this information useful.
There Is No Income Tax in Texas
In the U.S., there are only seven states that are income tax-free: Nevada, Florida, Alaska, Washington, South Dakota, Wyoming, and Texas. Texans enjoy the benefits of not having corporate and personal income tax. Moreover, the unemployment rate in Texas is lower compared to the national average.
Tech Businesses Are on the Rise
The big players in the tech industry are also moving their headquarters to Texas. That’s another reason why many professionals choose to move here. Do you know that in the past few years, over one billion taxable income flowed to Texas all the way from Bay Area? Tech companies based in Texas are enjoying simpler business regulations as well as lower tax rates. It’s a win-win for all.
People Enjoy the Low Cost of Living
Texans don’t have to pay personal income tax, and the cost of living in this state is low. That’s amazing! Bay Area and New York are too expensive for most Americans. Thus, it makes sense that people in Houston enjoy high paychecks. The transportation costs, utility costs, housing prices, and consumer prices in Texas are lower compared to all other states in the U.S. This means more saving for the future.
If you’re thinking of relocating to Texas soon, do it now and enjoy these great benefits! Remember these facts as you look for your new home in Texas.