Why is everyone moving to Texas? 5 theories

The Economist says that people are moving to central Texas "in droves," largely from New York and California. What's behind the trend?

Texas seal
(Image credit: Wikimedia)

Using an interactive county-by-county U.S. migration tool from Forbes, New York–based blogger A.S. at The Economist finds that "people are moving in droves" to Travis County, Texas — home of Austin — mostly from coastal blue states. Why?

1. It's the low taxes: A primary reason is that Texas has "no state income tax," suspects A.S. "High-earning New Yorkers and Californians can take home between 9 percent and 11 percent more of their income" just by moving there. All in all, the trend "does not bode well for high-tax states with nasty fiscal problems."

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