While it may be true that residents of Texas enjoy a much cheaper cost of living than residents of Colorado, part of that comes down to the fact that Texans don’t have to pay income taxes. Additionally, among the most expensive cities globally, Denver ranks in the top 4% of the most expensive. Ward North American reports that the cost of living in Colorado is about “21% higher than the national average”, with the cost of housing exceeding the national average by 66%. One of the most monumental differences to note between the two states is the cost of living. The following pros and cons in this article will provide you with a good jumping-off point and give you some food for thought as you decide about moving. Crunching the numbers, checking the housing market, and comparing the cost of living with other cities or states will help you better understand what you’re up against. Moving to a city or state where everything is more expensive is not necessarily a great idea unless you are relocating for a job with a higher salary that will cover your expenses. For example, when deciding whether to move to another state or a more expensive city, it is crucial to make sure your income will be enough to cover housing, transportation, food, leisure activities, student loan repayment, or any other forms of debt at the minimum. Weighing the pros and cons of any decision can be a great place to start. If you are still unsure if this is the right move for you to make, you might find it helpful to write down a list of pros and cons and discuss them with a real estate agent. This article will cover some of the major points that differentiate Colorado from Texas and how they will affect you in your new Colorado life. In recent years, many have been making the move from Texas to Colorado seeking a better standard of living.
Weather, taxes, cost of living, politics, and a growing economy are just a few of the significant differences that have made Colorado stand out and contributed to the rapid growth in the past decade. Are you considering moving from the Lone Star State of Texas to the Centennial State of Colorado? There are some similarities and differences between the two states that should be considered before you make your decision.
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