Texas Takes Third-Place Rank as Best State to Make a Living

October 10, 2019 by Midlothian Economic Development

texas-takes-third-place-rank-as-best-state-to-make-a-living

All states are not created equal, especially when it comes to your career.

Consider the differences across the nation: thriving economy vs. high unemployment, affordable housing vs. sky-high cost of living, and how about wages and tax rates?

Selecting the optimal environment for ourselves and our families can be a formidable task, but a recent ranking by personal finance site MoneyRates sheds some light on locations that are full of promise.

MoneyRates analyzed data in five categories that included average wages, state tax rates, cost of living, the unemployment rate, and incidents of workplace illness, injuries, and fatalities.

Texas ranked in a strong third place for the second year in a row in the “Best States to Make a Living 2019” list, preceded only by Wyoming and Washington. Texas was followed by Minnesota and Michigan.

Additionally, a below-average cost of living and no state income tax helped Texas repeat last year's third-place finish.

MoneyRates Texas ranks best state to make a living

A Pro-Business Environment

Texas continually ranks high on the list for quality of life and its pro-business environment. In fact, Chief Executive Magazine again named Texas the “Best State for Business" this year, marking the 14th year in a row it received the top spot.

With no corporate or personal state tax, paired with the state’s robust number of colleges that support workforce advancement, it’s clear why Texas has remained the best state for business since the inception of Chief Executive’s survey.

Midlothian's Claim to Texas-Sized Success

Located just south of the DFW metro and a rising player in the booming Texas economy, Midlothian is poised to help expanding companies stake their claim of Texas-sized success on the Lone Star economic landscape.

With available land, myriad natural resources, a deep pool of talent and cooperative city leaders, Midlothian offers the pro-business environment that has become synonymous with the Texas name.

Visit Midlothian online to learn why our progressive Texas community is perfect for your business.

A Glance At Midlothian's Business Landscape Infographic

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