Texas Moving Statistics For 2024 (2024)

In the vast and dynamic landscape of Texas, the continuous influx of new residents and businesses is a testament to the state’s growing appeal. From its robust economy and affordable cost of living to its diverse cultural experiences, Texas offers a unique blend of opportunities that attract individuals and companies alike.

Whether it’s the allure of major cities like Houston and Austin or the promise of a more relaxed lifestyle in its smaller towns, the reasons for moving to Texas are as varied as the state itself. As people from across the nation and the world make their way to the Lone Star State, finding the best moving companies in Texas is crucial for a smooth transition.

Certainly, the state’s moving statistics paint a picture of vibrant growth and opportunity. Understanding these trends is key for anyone looking to join the thriving community of Texas, whether for personal, professional or economic reasons.

Why Are People Moving to Texas?

Over 9 million people moved to Texas between 2000 and 2022.

From 2000 to 2022, the state gained over 9 million new residents, according to the United States Census Bureau. This remarkable trend is a testament to Texas’ appeal and reflects the myriad reasons people are drawn to the Lone Star State. From its vibrant economy and diverse job opportunities to a lower cost of living and a warm climate, Texas offers a compelling mix of benefits that resonate with individuals and families seeking a better quality of life.

Houston was the #1 city for new residents, followed by Austin.

In 2022, Texas’ urban hubs stood as prominent beacons. Houston led the charge, which welcomed an impressive 92,562 newcomers, solidifying its status as the top city for migrants. This bustling metropolis, known for its robust energy sector and rich cultural scene, offered more than just economic opportunities; it promised a dynamic lifestyle and a melting pot of cultures.

In 2022, these were the top cities in Texas that people moved to (both from out of state and abroad):

• Houston: 92,562 people
• Austin: 50,415 people
• Dallas: 48,452 people
• San Antonio: 45,799 people
• Fort Worth: 26,180 people
• El Paso: 21,686 people
• Irving: 16,729 people
• Plano: 16,074 people
• Killeen: 12,939 people
• Frisco: 12,384 people

Data from the United States Census Bureau

At 16%, Texas more than doubles the rest of the nation's population growth rate of 7.4%.

Texas' remarkable population growth rate of approximately 16% outpaces the national average of 7.4%, highlighting its standout status as a magnet for residents and businesses. This exponential growth, as reported by Texas Real Estate Source, is a clear indicator of the state's thriving economy and robust job market. Texas' pro-business policies, tax advantages, and relatively low cost of living amplify its attractiveness, offering tangible benefits for individuals and corporations looking to relocate.

At least 164 companies moved to Texas between 2020 and 2023.

Between January 2020 and October 2023, Texas has seen an influx of corporate migrations, with at least 164 companies choosing the Lone Star State as their new home base. This trend isn't limited to small or medium-sized enterprises.

Major corporations like Tesla, AT&T and Toyota have also relocated their operations to Texas, signaling a vote of confidence in the state's economic landscape and its ability to support business expansion. Other companies that have relocated their headquarters to Texas include:

• Caterpillar
• AECOM
• CBRE
• Comerica
• Fluor
• McKesson
• Cacique Foods

Most companies moved to Austin (26%).

Austin leads the charge as the primary destination for companies moving to Texas, demonstrating the city's magnetic appeal to businesses across various sectors.

Here's a breakdown of the top cities in Texas and the percentage of companies they've attracted:

• Austin: 43 companies (26%)
• Dallas: 24 companies (15%)
• Houston: 16 companies (10%)
• Fort Worth: 11 companies (7%)
• Irving: 10 companies (6%)
• Frisco: 7 companies (4%)
• Plano: 7 companies (4%)
• McKinney: 6 companies (4%)
• San Antonio: 5 companies (3%)
• The Woodlands: 4 companies (2%)
• Round Rock: 3 companies (2%)

Data from BuildRemote

In one year, Texas added over 650K jobs, leading the nation in job growth.

Between January 2022 and January 2023, the state added an impressive 654,100 jobs, leading all states in job growth during this period, according to the Office of the Texas Governor. This period of intense job growth further solidifies Texas' reputation as an economic powerhouse, providing ample opportunities for individuals nationwide seeking employment.

Texas' job growth rate in 2022, at 5%, was higher than the national rate at 3.3%.

In a display of robust economic health and resilience, Texas has set a national benchmark in job creation. By the end of 2022, the Office of the Texas Governor reported that the state saw an impressive 5% growth in employment, significantly outpacing the national rate of 3.3%. The industries with the most job opportunities as of mid-2023 were primarily in the private education and health services industries, closely followed by construction and manufacturing.

Texas is one of seven states with no income tax.

Texas' appeal is significantly boosted by its lack of state income tax, making it one of only seven states to offer this benefit, according to the Tax Foundation. For businesses, it simplifies taxes and can increase profits, attracting a wide range of industries.

Austin’s high-tech industry jobs grew by 9.8% in 2022.

Austin's tech industry witnessed a significant surge in 2022, with high-tech jobs growing by 9.8%. The city's Metropolitan Statistical Area (MSA) saw its annual average employment in this sector reach 195,879, marking an increase of 17,528 from the previous year, according to the Austin Chamber.

This growth highlights Austin's burgeoning tech scene and its role as a leading hub for innovation and technological advancement, outpacing overall industry growth rates and reinforcing its reputation as a magnet for tech talent and enterprises.

Texas hit record-breaking oil and gas production in 2023.

On top of Texas' boom, in May 2023, the state shattered previous records in natural gas production, reaching an astounding 1.045 trillion cubic feet. This milestone, reported by the U.S. Energy Information Administration, marks a robust recovery from the industry's downturns during the 2020 COVID-19 pandemic and the 2021 Winter Storm Uri.

The state spends $6.6 billion annually on biotechnology and life science research.

Texas has long been a hub for pioneering medical and biotechnological research, investing $6.6 billion annually in research and development. This commitment is supported by a robust network of academic and research institutions, including seven of the nation's top 125 medical schools.

This substantial investment underscores Texas' dedication to advancing medical knowledge and innovation, further cementing its role as a leader in the biotechnology and life sciences sectors.

Just How Many People Are Moving To Texas?

About 395,000 people move to Texas each year, on average.

Texas welcomes a remarkable influx of approximately 395,000 new residents each year, according to the United States Census Bureau. This figure, drawn from the period between 2000 and 2022, during which the state gained 9,085,073 residents, illustrates Texas' enduring and broad appeal. The steady stream of new arrivals reflects the state's ability to attract a diverse population seeking the economic opportunities, quality of life and cultural richness Texas offers.

In 2020, about 596,000 Americans moved to Texas.

Even in the tumultuous year of 2020, Texas proved to be an especially popular destination, with approximately 596,000 Americans relocating there from other states. This significant figure reflects the state's ability to draw in many people seeking new opportunities and a change in lifestyle amidst a year marked by global challenges.

From 2020 to 2023, 52% of companies that moved to Texas were from California.

From 2020 to 2023, 52% of companies that relocated to Texas originated from California, according to BuildRemote. California experienced the most significant loss of businesses to Texas compared to any other state during this period. High-profile companies such as Oracle, Hewlett Packard Enterprise, Chevron and Charles Schwab are among those that moved their headquarters from California to Texas, signaling a notable shift in the business landscape.

Data from BuildRemote

Over 100,000 people moved from California to Texas in 2022, the highest of all states.

In 2022, Texas saw an influx of over 100,000 Californians, the highest migration from any single state. Several factors contribute to this significant movement. Firstly, the cost of living in California, particularly in major urban areas like San Francisco and Los Angeles, is considerably higher than in Texas.

Additionally, Texas' no state income tax policy starkly contrasts California's high tax rates, offering substantial financial savings for individuals and businesses alike. Moreover, the cultural and lifestyle shift—from California's fast-paced urban settings to Texas' varied landscapes offering bustling cities and quiet, spacious suburbs — appeals to those desiring a change.

State by State migration to Texas data by IRS, Migration Data by Individual State - Texas, Tab 2, Columns D & F)

Texas is the second most populated state, after California.

Texas has reached a significant demographic milestone, joining California as one of only two U.S. states with a population exceeding 30 million. As reported by the United States Census Bureau, this milestone reflects Texas' ongoing appeal and its ability to attract and retain a large and diverse population.

Texas is now one of two states with a population of over 30 million people.

In 2022, the state's population reached 30,029,572, making it second only to California, which boasts a population of 39,029,342. This reflects its status as a premier destination for Americans seeking new opportunities, a favorable economic climate and a high quality of life.

Population by state data provided by the United States Census Bureau, Annual Population Estimates Sheet - Values in Column E and Column I

How Much Does It Cost to Live in Texas?

The cost of living in Texas is 8% lower than the national average.

The cost of living in Texas stands out as one of its most attractive features, being approximately 8% lower than the national average. This affordability is a significant factor for those considering relocation, as noted by Texas Real Estate Source.

Housing, utilities, and daily expenses are generally more economical in Texas than in other parts of the country. This lower cost of living, coupled with the state's diverse economic opportunities and quality of life, makes Texas an appealing option for individuals and families looking to maximize their budgets and enjoy a comfortable lifestyle.

Texas' typical home prices are 13% lower than the national average.

In Texas, the housing market offers a distinct advantage with typical home values sitting 13% below the national average. This affordability is particularly compelling given that the median income in Texas is 96% of the national median, as reported by The Motley Fool. This ratio means that the income-to-home value in Texas is just above average, making homeownership more attainable for residents than in many other states.

The median rent price in Texas is $152 less than the national median.

As of November 2023, the median rent in Texas is reported to be $1,848, which is $152 less than the national median, according to Zillow. This difference makes Texas an appealing option for renters seeking a more affordable cost of living without sacrificing quality or access to amenities. The lower rental prices contribute to the state's overall lower cost of living, enhancing its attractiveness to individuals and families looking to stretch their housing dollars further.

Utility Costs in Texas

Texas ranked 24th overall on average total costs of utilities.

In terms of average total utility costs, Texas, with a monthly cost of $423.90, ranks 24th among the states.

Here’s how states with similar utility costs compare:

• Tennessee: Just above Texas, with an average monthly utility cost of $431.48.
• Virginia: Slightly higher than Texas, with an average monthly utility cost of $430.17.
• South Dakota: Below Texas, with an average monthly utility cost of $408.75.
• Vermont: Also below Texas, with an average monthly utility cost of $405.74.
• Utah: Significantly lower than Texas, with the lowest average monthly utility cost of $345.62.

This figure encompasses essential services like electricity, water and gas, reflecting the state's moderate climate and energy policies.

Texans spend an average of $423.90 per month on all utility bills.

Texans, on average, allocate $423.90 monthly for their combined utility bills. This figure reflects the state's efficient energy production and consumption, making it a significant factor in residents' overall cost of living and contributing to Texas' reputation as an economically reasonable place to reside.

Texans spend an average of $132.40 per month on their energy bills.

Texans, on average, spend $132.40 per month on their energy bills, reflecting the state's commitment to efficient energy production and consumption. This figure is part of the broader context of Texas' utility costs and contributes to the overall affordability of living in the state.

Texans spend an average of $37 on their monthly water bill.

In Texas, the average monthly water bill amounts to $37, which is significantly lower than the national average of $73 for a family of four. This comparison illustrates Texas' relative affordability in terms of water utility costs.

*The figures in this table were created using data from organizations like the Bureau of Labor Statistics, the Energy Information Administration and Energy.gov.

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