analysis<\/a> of U.S. Census Bureau data by self-storage platform StorageCafe shows Texas saw net interstate migration of 76,000 people in 2024. Texas\u2019 net interstate migration dropped nearly 50 percent from 2023, according to the analysis. Net migration refers to the number of incoming residents minus the number of outgoing residents.<\/p>\nCalifornia remained the top source of newcomers for Texas, sending nearly 77,000 residents to the Lone Star State in 2024, the analysis says. Florida ranked second, followed by New York, Colorado and Illinois.<\/p>\n
\u201cThese trends reveal Texas\u2019 continued pull from both high-cost coastal markets and other large Sun Belt states, resulting in a mix of affordability-driven and job-driven relocation,\u201d StorageCafe says.<\/p>\n
Putting a damper on the influx of new residents: a roughly 124 percent surge in Texas home prices over the past decade, according to StorageCafe.<\/p>\n
\u201cWhile the state remains significantly more affordable than California, its top feeder state, the once-wide pricing gap has narrowed,\u201d says StorageCafe. \u201cFor many movers, Texas is still a relative bargain, but no longer an undisputed one.\u201d<\/p>\n
Nonetheless, Texas keeps attracting young, highly educated people, which bodes well for the state\u2019s long-term economic outlook, StorageCafe says. More than half of new arrivals to Texas in 2024 held at least a bachelor\u2019s degree, and the age of newcomers averaged 32.<\/p>\n
Where are most of these young, highly educated newcomers settling?<\/p>\n
Lloyd Potter, former Texas state demographer, tells StorageCafe that population growth in Texas is happening most rapidly in suburban \u201cring counties\u201d at the expense of slowing growth in urban cores. Ring counties are on the outskirts of major metro areas.<\/p>\n
\u201cMany people are moving from urban cores to suburban rings seeking lower costs, newer housing, better schools, and more space,\u201d Potter says. \u201cTypically, a move to a suburban county will be within commuting or hybrid\u2011commuting distance of major metro economies.\u201d<\/p>\n
—<\/p>\n
This story originally appeared on our sister site, InnovationMap<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Texas continues to be the country\u2019s No. 1 magnet for newcomers from other states, giving a boost to…\n","protected":false},"author":2,"featured_media":254251,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[132,134,133,18309,25702,27],"class_list":["post-258568","post","type-post","status-publish","format-standard","has-post-thumbnail","category-austin","tag-austin","tag-austin-headlines","tag-austin-news","tag-population","tag-population-growth","tag-texas"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/258568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=258568"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/258568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/254251"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=258568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=258568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=258568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}