Large Numbers of Floridians and New Yorkers
also relocated to the Lone Star State in 2022.
AUSTIN,
Texas, April 16, 2024 /PRNewswire/ --
Approximately 102,000 Californians moved to Texas in 2022, more than any other
state-to-state relocation total in the U.S., according to data
from the U.S. Census recently analyzed by Texas Realtors in its
2024 Relocation Report. More than 41,000 Floridians moved to
the Lone Star State, while 30,000 New Yorkers made the jump.
Illinois, Louisiana, Colorado, and Oklahoma came next, each with roughly 25,000
residents moving to Texas.
Not only was California the leading source of new Texans,
but it was the top target for outbound Texans as well. Even so, the
moving activity between the two states resulted in a
60,000-resident net increase to the Texas population. Florida was the second-most-popular
destination for relocating Texans, with approximately 38,000
leaving the state, followed by Oklahoma with more than 26,000 Texans moving
to the Sooner State.
Overall, about 668,000 people moved to
Texas from other states in 2022,
with a net population gain of nearly 175,000 new residents.
"There are a number of reasons Texas continues to draw people from other
states," said Jef Conn, Chairman of
Texas Realtors. "Many new residents enjoy a lower cost of living in
Texas or better job opportunities
at companies that expand or relocate here. Texas has vibrant large cities, charming small
towns, and rural areas with all the space you'd ever want. You can
find pretty much any lifestyle you're seeking here."
Not only do people come to Texas from other states, but more than 3.3
million people moved within the state in 2022.
"While home prices have gone up, many people who
move from other states can still afford more in Texas than the state they came from," added
Conn. "They also benefit from the efforts Realtors in Texas have made to keep homeownership as
affordable as possible. We've beaten back proposals for a statewide
transfer tax that dozens of other states levy, we helped pass a
constitutional amendment that prohibits most private transfer fees,
and Realtors were instrumental in the largest-ever property tax
relief that went into effect in Texas last year. Still, it's important to
weigh all the factors that go into a move from one state to
another, and no one is better equipped to help people do just that
than a Realtor."
About Texas REALTORS®
With more than 150,000 members, Texas
REALTORS® is a professional membership organization that
represents all aspects of real estate in Texas. We are the advocate for
REALTORS® and private property rights in Texas.
About the Relocation Analysis
This analysis was based on 2022 migration
estimates from the U.S. Census Bureau's American Community
Survey.
CONTACT:
Desmond Davis
desmond.davis@hahn.agency
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SOURCE Texas Realtors