HomeCar Insurance1. Texas: Holdin' onto the Lone Star State |

1. Texas: Holdin’ onto the Lone Star State |


Texas. Bigger than life, bold in spirit, and remarkably adept at keeping its residents within its expansive borders. But what makes the Lone Star State so sticky? It’s a potent mix of warm community, economic opportunity, and an undeniable Texan pride that keeps folks planted firmly on their feet.

Texans aren’t known for being shy. They greet you with a smile, offer help without hesitation, and treat strangers like neighbors in no time. This genuine sense of community fosters a deep sense of belonging, making it hard to imagine venturing beyond the state’s welcoming embrace. From small-town Friday night lights to lively block parties in bustling cities, the spirit of camaraderie runs deep in Texas, weaving a powerful net that catches hearts as well as dreams.

Texas boasts a booming economy and diverse job market, attracting talent from across the nation. From the energy sector in Houston to the tech boom in Austin, there’s something for everyone. This economic stability allows residents to build careers, buy homes, and raise families, laying down roots that make leaving a daunting prospect. The state’s commitment to innovation and entrepreneurship fuels not just financial security but also a sense of optimism and opportunity, further anchoring residents to their Texan dreams.

There’s no denying it: Texans are proud. They wear their boots, love their barbecue, and fiercely defend their state’s unique identity. This deep-rooted pride isn’t just about heritage; it’s about shared values, a common spirit, and a deep love for the land. From majestic mountains to vast plains and vibrant cities, the diverse Texan landscape offers something for everyone, fostering a sense of connection and belonging that’s hard to replicate elsewhere.

Texas is more than just a geographic location; it’s a feeling, a way of life. The combination of friendly faces, economic stability, and an unwavering love for their state makes it no wonder Texans rarely bid farewell. So, whether you’re drawn by the warmth of the community, the promise of opportunity, or the vibrant Texan spirit, it’s clear why this “sticky state” holds onto its residents like a tenacious two-step.

Cost averages in Texas

Median home price: As of December 2023, the median home price in Texas was $343,800 according to Redfin data.

Average income tax rate: Texas is unique because it does not have a state income tax. Residents only pay federal income taxes, based on their federal taxable income and filing status. The Texas State sales tax rate is 6.25%, with some localities adding an additional 2% maximum. This means the combined sales tax rate can range from 6.25% to 8.25%. Additionally, the Texas Property Tax varies depending on the county and specific property characteristics. The average effective property tax rate in Texas is 1.74%, which is higher than the national average.

Average Texas car insurance premium: On average in Texas, you can expect to pay around $1,823 per year for full coverage car insurance. Minimum car insurance coverage, however, will set you back an average of $524 each year.

 





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