According to Forbes.com, Texas dominates the list of the fastest-growing cities in the United States. Austin and Dallas ranks first and second, depicting that these are the top two cities which are not just growing but creating better opportunities for those who are thinking about moving. Based on Moody’s Analytics on the 100 largest metropolitan areas, Texas is the state which is able to capitalize on low taxes and cheap real estate. This translates to more jobs and a better overall growth opportunity for the city.
Let’s delve a bit deeper into what makes Austin, Texas such an exciting place to visit. The metropolitan area has a population of more than 1.9 million, a population growth rate of 2.8%, a median income of $56,000 and a projected economic growth rate of 6.1% from 2011 to 2016. What do these statistics mean for those who are thinking about moving to a city where the cost of living is lower than where they currently reside? As compared to cities like San Jose in California or NYC in New York, the taxes in Austin are more budget-friendly for the average earner. Add to this the fact that you can buy property for very low prices, it is no wonder why people from all parts of the country are heading to the Lone Star State.
Top Reasons to Move to Austin, Texas
Not fully convinced yet? Here are the top five reasons why you should consider moving to Austin, Texas:
- The cost of living is very reasonable.
When you live in a city like New York, more than half of your salary will go towards apartment rental. In Austin, the cost of buying a home is very reasonable. It has a revived residential real estate market despite suffering from a binge back in the early 1980s which resulted to plenty of office and industrial space. There is no income tax in Texas, although property taxes on homes in affluent areas in Austin do apply. The daily necessities are very cheap, gas is inexpensive and you would not have a difficult time budgeting your money at all.
- There are plenty of job opportunities.
Still according to Forbes.com, Austin had a record addition of one million residents to its population, 35 corporate relocations and more than 6,000 jobs. The state is home to the University of Texas, Apple, Dell and many other companies which make its local economy a top drawer for those who are looking for jobs.
- The weather is great and the people are friendly.
Balmy is probably the best way to describe the weather in Austin. You’ll have the summer and the spring season, and the rains do occasionally come. It doesn’t hurt that the people are friendly too.
- You won’t be lacking for things to do and places to visit.
New York may be dubbed as the city that never sleeps but in Austin, you will not be lacking for things to do and places to visit. There are film festivals, the Austin City Limits, theatre companies, museums, tours and the great outdoors to keep you occupied and entertained year-long.
- It is a perfectly habitable and still-growing city.
More importantly, Austin is a perfectly liveable yet still-growing city. Whether you’re single or with a family, you should not hesitate about settling down in Austin, Texas. It has many things going for it – starting from the local economy to the real estate industry. But more than that, the everyday things like the weather and the friendliness of the people are what will attract you most about Austin.