by Mish Shedlock, Mish Talk:
Movers seek to reap the benefits of a friendlier housing market in Texas.
California to Texas Migration Intensifies
This data is a little stale. I suspect the trend may be greater now.
StorageCafe reports California to Texas Migration Intensifies
TRUTH LIVES on at https://sgtreport.tv/
- California to Texas is the most popular interstate relocation route in the U.S., only challenged by New York to Florida, with 93K people making the move
- 2021 was a record-breaking year in terms of California to Texas move-ins, with roughly 111,000 people taking the route
- In 2021, about 1 in 2 people who migrated from CA to TX were millennials
According to data from the American Community Survey 5-Year Estimates, the number of people leaving the Golden State for the Lone Star State has grown by 36 percent between 2016 and 2021 while the migration stream from all other states to Texas did not change, rising a mere 0.1 percent. Californians accounted for a little bit more than 15 percent of persons migrating to Texas from other states between 2017 and 2021.
Median Home PricesÂ
Top CA to TX Moving Routes for Renters
The Benefits of Texas Over California
- No state income tax policy
- Lower cost of living
- Robust employment opportunities significantly bolstered by the tech and energy sectors.
- Homes cost, on average, about $282K less compared to California, amounting to a 70% price-tag difference.
- Larger living spaces, with single family homes in Texas being 17% bigger than Californian residences
- Utilities are roughly 20% less than in California
