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Have you been considering a move to the state of Texas? Although it can always be a challenge to move to a new state, the Lone Star State has many things to recommend. Before you make your final plans to go to Texas, you may want to consider some of its notable features. Here are some of the pluses and minuses that have been reported about moving to Texas.

Texas Has a Low Cost of Living

Before moving to any state, the subject of finance must be considered. According to Constellation, the cost of living in many cities in Texas is lower than the national average cost of living. For example, the same source cited the cost of living in San Antonio as 10% lower than the national average. Furthermore, according to BKG Energy, Texans have the 15th lowest cost of living in the country, at an average of about $3,700 per month.

Texas Offers a Growing Job Market

The energy industry – especially the oil industry – in Texas has plenty of jobs available, so if that’s your industry or if you’re interested in a job, Texas will be an excellent place to move. Like many other states in the U.S., many companies in Texas are converting to green energy, so many energy jobs are centered on green energy conversion. Another source of available jobs in Texas is the auto mechanics industry. According to IBIS World, 600,000 people in the United States are employed as auto mechanics.

Texas Has a Rich Source of History

If you enjoy living in a place with a rich history, Texas would be an excellent choice. One of the most famous places to visit in Texas is the memorial to the Alamo, which is located in San Antonio. Much of the history of our country has helped to shape Texas’ population. For example, after the Civil War, families that had been devastated by the South’s financial decline migrated to Texas, which provided the state with a diverse blend of ethnicities for those looking for diversity.

Texas Has Had an Increase in Bedbug Infestation

According to Bugco, the U.S. is experiencing an increase in bedbugs. If you plan to move to Texas, you may want to be aware that Texas has also experienced a rise in these creatures. For example, the same site reports Houston is number 11 on the list of the 50 top U.S. cities for bed bugs. You may be interested to know that, according to Forbes, female bed bugs lay approximately 200 to 250 eggs during their three to four-month lifespan.

Texas Traffic Needs Careful Navigation

The large size of Texas makes it essential to own a car. According to Maloney and Campo, the National Highway Traffic Center, has reported that almost 43,000 traffic deaths were reported in Texas in 2022. You may be interested to know the laws of Texas make it a shared fault state. “Shared fault” means if an injured driver is determined to be less than 50% responsible for the accident, they can be compensated for their injuries.

Texas Has a Changeable Climate

If you’re considering a move to Texas, it’s essential to be prepared for warm weather – most of the time. Summers in Texas are hot and humid, and you can expect Texas winters to be mild. According to BKV Energy, weather in Texas can also be changeable, with many tornadoes, hurricanes, and thunderstorms. Knowing these weather facts beforehand may help prepare you for life in Texas.

As you can see, Texas has many positive attributes which may attract you to live there. Between the lower cost of living and its good job market, there are many reasons to move there. Once you come to Texas, you’ll see why Texans are loyal to their state. As you spend time there, you’ll be glad you moved to the Lone Star State.

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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