Education, business services, and health services are just some of the career fields that are growing at an exponential rate in Texas. The Lone Star State has a variety of career fields that are growing at a faster rate than in any other state. So why is Texas seeing a boom in an untold number of career fields?
The Best Foundations
It’s easy to say that the only reason Texas is rich is because of the oil and gas boom. To an extent, that used to be the case, but no longer. Texas’s boom goes far beyond the World Energy Capital of Houston. Austin and Dallas have also boomed due to investments in technology and Federal defense spending.
These are the foundations that have encouraged investors and businesses to migrate to Texas. And we’re now seeing the fruits of those initiatives.
The Highest Effective Pay Check in the USA
Unlike California and New York, things are cheap here. Employees have the highest effective paycheck of any other state. That means they keep much more of their money as disposable income than anyone else in the country. It’s brought employees with a high level of education to the state because they want to spend more of their money on themselves and not on overpriced rentals.
Real Estate and Land are Cheap
Texas has a lot of land. The large supply eclipses demand, which has brought down real estate prices across the state, specially for families looking to move to Texas for a smaller community outside of the city. Texas is one of the best states for real estate anywhere. Moving to Texas doesn’t just bring you into a unique culture, it won’t hit you in your pocket.
It’s also why businesses are moving to Texas. Opening that factory and renting that office is much cheaper here than in Los Angeles or San Francisco.
It just makes sense for businesses to move to Texas!
The Lack of Red Tape
Regulation issues are no issue at all in Texas. The state believes in not constricting companies, and that’s an attractive proposition for the biggest employers in the country. Multinationals see Texas as an attractive proposition because they save money and they can be far more innovative.
Texas is just one of seven states where residents pay absolutely no personal income tax whatsoever. And those low taxes are also applied to businesses. It’s estimated that legislation in Texas has managed to cut what businesses pay by over a billion dollars.
The results have been fantastic for both the number of people moving to Texas and the number of businesses moving to Texas.
Last Word – A Friendly State for People and Businesses
Low taxes, cheap real estate, and a vibrant culture are some of the reasons why individuals and businesses are making Texas their home state. It should come as no surprise that all sectors have seen incredible growth rates. Moving to Texas is the best move anyone could ever make right now.
Will you be moving to Texas to take advantage of fast-growing career fields?