Besides the endless opportunities the different sectors in Texas provide for the start and growth of your business in the US, Texas also offers a great lifestyle.
First of all, the employees don’t pay personal income tax to the state and there is also no corporate tax. Also the costs of living are lower in Texas compared to other states.
The mild regulations and weak unions result in lower costs to start a business in Texas. Utilities like gas, water and electricity are also relatively cheap, because Texas has his own power grid and Texas still provides his own oil and gas.
Texas is a massive state and because of this land-richness real estate is relatively cheap. Also the strong economy, low employability rate and excellent school system, makes Texas an attractive state to move to with your family members.
The cost of living as calculated by PayScale, gives a grasp on how much the differences are. We have compared the cost of living in Austin Texas with other technical hubs like Boston, Chicago, New York City, San Francisco and Seattle. The cost of living is based on the following categories: Groceries, Housing, Utilities, Transportations and Health Care. So for example,the overall cost of living is 52% lower in Austin, compared to Boston and 135% lower when compared to NYC.