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. 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.
In recent years, many have been making the move from Texas to Colorado seeking a better standard of living. Even if that means paying more for less. 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. 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.
Pros and cons
Weighing the pros and cons of any decision can be a great place to start. 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.
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. 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. 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.
Cost of living in Colorado vs. Texas
One of the most monumental differences to note between the two states is the cost of living. 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%. Additionally, among the most expensive cities globally, Denver ranks in the top 4% of the most expensive.
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. Homeownership or renting a house is an affordable option for many who reside in Texas but is further from reach in places like Colorado. The housing market is highly competitive in Colorado and especially Denver because there is a lack of inventory, pushing selling prices higher and higher over the past few years.
Another area of concern for those making the move to more expensive states like Colorado involves taxes. Tax rates shouldn’t necessarily go up or down when moving from Texas to Colorado. For example, Texas has no income tax, while Colorado has a state income tax of 5%. On the other hand, the state of Texas is more politically conservative and has high property taxes. In contrast, it is significantly less in the more politically progressive state of Colorado.
There is a more temperate climate in Colorado. With an average of 300 days of sunshine every year, Colorado can get hot in the summertime but lacks the intense humidity you will experience in places like Texas or the Southern states. And while the impacts of global warming have affected Colorado, one can still experience all four seasons, while Texas only continues to get hotter.
For the outdoor enthusiast, Colorado’s weather is ideal. No matter what season, Coloradans make the most of the weather to enjoy outdoor sports. Whether it is winter sports like skiing or snowboarding, or Summertime swimming, hiking, and biking, there is never a shortage of activities to get involved in.
Don’t forget that many parts of Colorado are arid, dry, and desert-like. Also, being at such a high elevation means that you will need to be even more diligent about applying sunscreen and staying hydrated, no matter what season it is. Summertime in Colorado also comes with some high temperatures, but with less humidity, it is much more bearable to be outdoors on the hottest of days.
Remember that unless you live up in the mountains, you will not be surrounded by as much greenery as you may be expecting. Texas, on average, is greener due to the amount of rain and humidity of the state, while Colorado has more desert than greenery. So much so that you may mistake your new Colorado surroundings for Arizona than the green and tree-filled vistas you tend to associate with Colorado.
Activities and amenities
Rock climbing, horseback riding, mountain biking, fishing, rafting, skiing, and snowboarding are just a few of the many outdoor activities to pursue in Colorado. In addition to having several state parks and all kinds of outdoor sports and recreation available, Colorado also has plenty of modern amenities to offer those who prefer city dwellings or activities. While the state is known for its quaint mountain towns and being an outdoor enthusiast destination, cities like Denver offer comforts and other attractions that cater to the modern urbanite.
There are wonderful venues like the Bluebird, Ogden Theatre, or Mission Ballroom within Denver, in which to enjoy a concert. But, for those looking for a unique concert experience, Redrocks Amphitheater provides an acoustic and visual experience like no other. Redrocks is conveniently located within a short 30-minute drive from Denver. Attending a concert here should be on your list of experiences to try while in the state.
In Denver, sports are a significant part of Colorado life. Denver is home to the Denver Broncos, the Denver Nuggets, and the Colorado Rockies, to name a few. Attending a game in person is often seen as a local rite of passage. In addition, Denverites tend to bond over wins and losses. So sports is a great way to make new friends and connections, whether you’re a casual or serious sports fan.
Colorado has a booming economy. The state’s gross domestic product (or GDP) has continued to grow by leaps and bounds. Between 2009 to 2019, the GDP grew by over $100 billion. As a result, the population growth has exploded within the last decade but slowed slightly during the pandemic.
The state has experienced exponential growth in industry and job markets, making the state appealing to people looking to relocate. In addition, there are quite a few startups and many job opportunities in the growing tech industry within Colorado. An increase in job opportunities is a major factor that made Colorado an attractive place to move to.
Another compelling reason to relocate to Colorado is the opportunity to achieve more work, life, and balance. With so many options for hobbies and recreation, both indoor and outdoor, it makes it easier to find balance. Balance in which to enjoy the life we work so hard for. This is a significant part of the state’s appeal in making the quality of life so much better in Colorado.
American Home Agents to the rescue
Regardless of the differences between Texas and Colorado, we’d like to close out with an example of their shared experience. Both states share similar values built with grit and determination by early settlers and pioneers. Separated by New Mexico, both states are part of the Wild West and have similar pasts. Colorado and Texas are known for valuing and upholding traditional American ideals of independence, freedom, patriotism, and family-focused values.
The cultural differences are not likely to be significant enough to make the move challenging to navigate. You will do just fine as long as you’ve crunched the numbers and are ready for the big changes. Both in expenses and natural surroundings. However, never fear if you need more assistance with finding your new Colorado home or have questions you need answering!
Our American Home Agents are local professionals with a wealth of knowledge and experience in Colorado. The best part is that you can get your real estate and Colorado-related questions answered by one of our agents. Don’t hesitate to get the conversation started, so give us a call at (303) 695-5900 today!