A lot of things changed during the pandemic, and the citizens of the golden state, aka California saw residents moving to other states in great numbers. 2020 saw the slowest growth in California in the 2010s. The slow growth resulted in them losing a seat in the house of representatives.
The question is that if you need to move from one state to another, you need to hire the best California movers in the state to help you through the transition. Now let’s get back to the topic at hand. Things are looking very good for Texas in particular, as most Californians are now moving to Texas itself. Texas has a business-friendly climate, which has seen major companies relocate to the state. Immigrants can easily start an LLC in Texas and other types of businesses.
Here is more information on moving statistics.
The Situation During the Pandemic
During the pandemic, California was completely closed while Texas was partly open and that meant that tech giants like Oracle, Hewlett Packard Enterprise, CBRE, and Charles Schwab have all moved operations to Texas.
Texas is seeing growth in the population whereas California’s population is at a standstill after two long centuries. Texas has a cheaper living cost and comes with fewer regulations as compared to California so the great move is very self-explanatory. This doesn’t mean that California has fallen behind, it still has 10 million more residents than Texas.
California Attracts Younger Residents
There are different factors at play here. For example, people who are moving to the state have a different makeup than those that are moving in. The people moving in are mostly highly educated and this makes sense because the state has a very high need for college graduates. So young adults that need jobs and want to improve their economic state usually make a move to California.
The Cost of Utilities in California is Higher
Another reason to consider is the cost of utilities in California which is considerably higher than in other states. For example, the average cost of utilities in Texas is much lower, and a reason why mostly high-income individuals are moving to the state while middle-low income residents are moving away from the state for a while now.
Cost of Living
According to stats, the cost of living in Texas is 54% less than in California. When it comes to kids, you can save up to 60% in child expenses in Texas over California. So, if you’re planning on having kids or already have them then moving to Texas can be a good option when it comes to saving costs.
The Lonestar state wins the battle of health insurance as well. Living in Texas, you will have to pay 8% less in health insurance as compared to California.
California literally has 2% vacant houses for you to choose from whereas Texas takes the cake here as well with over 5% of houses vacant for you to see. When it comes to renting, it would cost you $1600 to rent a 3 bedroom house in Texas, whereas, it would cost you around $2700 for the same in California.
Let’s say you want to buy a house in the long term, you would need $250K to do so in Texas whereas, in California, the same house would cost you almost double the amount at $650K.
Landmass and Population
Looking to get away from the hustle and bustle and stay somewhere with peace of mind. Choose Texas which is almost twice the size of California and has less population as well. This means less crowded areas and more land to explore. If you are looking for a smaller and more peaceful home around the big cities, you can move to the small peaceful suburbs on the outskirts of the 6 bigger cities.
All the tech giants took an exodus from California and moved to Texas during the pandemic. Needless to say, the competition in the state is less and the market is ripe for you to try your ideas. As a business, you will get the opportunity to hire skilled labor as most mind power is seen moving from the state of California to Texas in recent years.
Both Texas and California have their pros and cons and each state is a good one to live in. Your choice depends on what your needs and preferences are. The great exodus from California is mostly true for the middle-income bracket individuals looking for more relaxed economic conditions to grow in.