Texas has held a longstanding reputation for its favorable income-to-cost ratio. The state boasts a median household income of $67,321 as of 2021, according to the Census Bureau.

According to the 2021 American Community 1-Year Estimates, the value of homes was $7.63 for every $1 of household income in California in 2021 compared to $3.55 per $1 in Texas.

Although the Lone Star State's cost of living is lower than the national average, 32 states — including all four that border Texas — were less expensive during 2021.

Texas came in second on the list of America’s worst places to live in 2021. The study found that Texas’ weaknesses include inclusiveness, health, voting rights, and public health funding.

Timberbrook is in Collin County and is one of the best places to live in Texas. Living in Timberbrook offers residents a dense suburban feel and most residents own their homes.

In sum, people currently living in Texas are no doubt considering making a run for it, and people living elsewhere are thanking their lucky stars. Then there’s Elon Musk.

Specific to Texas, a recent Texas Senior Living report by Colliers stated the population is forecasted to increase 6.6% between 2021 and 2026, adding 2 million residents.