The Lone Star state has ranked second in the nation for relocation activity in 2014, according to new data released by the Texas Association of REALTORS®, proving that Texas continues to be a high-demand destination for residents moving from out of state.
The 2015 Texas Relocation Report, released October 01 by the Texas Association of REALTORS®, revealed that 538,572 people moved to Texas from out of state in 2014. This put Texas in second place for the state with the highest relocation activity, with Florida placing first.
“2015 has been a great year for Texas, with healthy economic diversity driving much of our state’s population and job growth,” said Scott Kesner, chairman of the Texas Association of REALTORS®. “Texas is not only a global leader in oil and gas production, but a national hub for technology, manufacturing, and several other industries. The Lone Star State continued to be a great place to live as well as start a business, and the more than half a million people who move here every year are proof of that.”
The state the most new Texans came from was California (63,591), followed by Florida (40,930), Oklahoma (25,096), Louisiana (23,805) and Illinois (23,258).
As for moves in the opposite direction, there were 435,107 Texans who moved out of state in 2014. This put Texas in the number 3 spot for states with the highest number of residents moving out of state. California and Florida ranked first and second, respectively. Just like with inbound residents, the most popular state for Texans to move to was California, with 38,990 residents leaving, followed by Oklahoma(25,175), Colorado (24,431) and Louisiana (21,516).
Even with a lot of people bidding farewell to Texas, the state had a net gain of out-of-state residents in 2014, with 103,465 more people moving into Texas than out of Texas.