Texas Tops Best Places to Work and Live
By Laura Lee Published July 25, 2016 Lifestyle and Budget
Whether you are a recent college graduate or looking for a fresh start, location matters when it comes to finding a job and an affordable place to live. You not only want to find a high-paying job but you want to stretch the dollars you earn. So where can you go to find that job and get the most bang for your buck? CareerCast Opens a New Window. crunched the numbers and found Texas may be the answer.
Austin, Fort Worth, Houston and Midland are among the fastest growing cities in Texas and they rank among CareerCast’s best cities when it comes to higher pay and lower cost of living. The cost of living in Fort Worth, for example, is more than 50 percent lower compared to New York City and 40 percent lower compared to San Francisco.
The Lone Star State“All of those cities are growing right now and they are growing because they do have a broad spectrum of jobs they are looking to fill. A lot of businesses are starting to boom,” says Kyle Kensing, editor at CareerCast. Companies including Facebook ( FB), HomeAway ( EXPE), Google ( GOOGL), 3M ( MMM) and Toyota ( TM) have offices in the state. Energy companies including Conoco Phillips ( COP) and Halliburton ( HAL) are also big employers.
Texas is attractive because the state has no corporate or individual income tax and ranks as one of the most tax-friendly states for businesses according to the Tax Foundation. “There are some tax advantages in Texas right now and the cost of property is lower too,” Kensing adds.
In Austin, the cost of living is six percent below the national average and the median household income is more than $63,000 or 18 percent above the national figure. In Midland, home to energy companies Baker Hughes and Diamondback Energy, the median household income jumps to more than $77,000 or 45 percent higher than the national figure.
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