The 2020 Texas Relocation Report released today by Texas REALTORS® shows the state ranked second in the nation for relocation activity in 2018, with 563,945 new residents moving to the state.
Texas eclipsed its 2017 total for new residents (524,511), and accounting for those moving out of state, saw a 78.1% increase in net new residents—from from 57,173 in 2017 to 101,805 residents in 2018.
“For the sixth year in a row, more than half a million people chose Texas as their new home,” said Cindi Bulla, 2020 chairman of Texas REALTORS®. “And why not? In addition to its business-friendly environment with no state income tax and abundance of jobs, land. and opportunity, Texas is known for its diverse, friendly spirit and culture.”
The top states for incoming residents to Texas were California (86,164), Florida (37,262), Louisiana (29,108), Oklahoma (24,590), and New York (21,509). Compared to 2017, the number of incoming residents from California increased 36.4% in 2018. Of the state’s new residents, 201,559 moved to Texas from outside of the country.
Texas saw 462,140 residents relocate out of state in 2018—the third-highest figure among U.S. states. California (37,810), Oklahoma (31,551), Colorado (26,930), Florida (24,197), and Louisiana (23,588) were the top destinations for those moving out of Texas.