Some reasons: High tax and regulatory burdens, declining tech jobs (after post-covid spike), skyrocketing real estate prices. Weather, high traffic levels and crime only exacerbate the exodus. Texas also has a business-friendly environment, is located in central US, has low COL, light regulation, abundant energy. Texas also has high net in-migrant numbers because of its conservative republican political environment being a rare hub. Other factors are low taxes, a robust energy economy low COL and good weather in some hubs.

Source: Forbes October 14, 2024 11:05 UTC