This article is updated annually and was last updated in August 2023.

Are you considering moving your business to Texas? Or are you thinking about investing in commercial property in Texas? You may be wondering what makes Texas a better choice than other states. 

Read Next: Why Austin Is a Great Place for Your Business

In this article, we give you some of the essential facts about Texas in the following sections:


Texas Is Growing

Top 10 Texas Cities by Population

Rank City Population
1 Houston 2,264,876
2 San Antonio 1,479,493
3 Dallas 1,259,404
4 Austin 966,292
5 Fort Worth 961,885
6 El Paso 678,049
7 Arlington 390,399
8 Corpus Christi 317,615
9 Plano 291,450
10 Lubbock 267,329

Source: World Population Review


Texas Has Work

Job Market Growth by City

Rank City Growth
1 DFW 6.9%
2 Houston 6.3%
3 Austin 5.5%
4 Odessa 5.5%
5 San Antonio 4.6%
6 Midland 4.5%

Source: Texas Labor Market Review, 2022


Texans Work Hard

  • Texas has the second-largest workforce in the U.S. (Esri, 2022)
  • Austin, Texas was named the Hottest Big City Labor Market
  • The median age in Texas is 35 years
Texas Austin-Round Rock-Georgetown MSA Dallas-Fort Worth-Arlington MSA Houston-The Woodlands-Sugar Land MSA San Antonio-New Braunfels MSA
2021 Total Population 30,506,523 2,499,236 8,058,326 7,500,883 2,698,487
2021 Median 

Household Income

$69,529 $89,695 $79,409 $74,548 $68,549
2021 Median Age 35.7 35.2 35.5 35.3 36.5
2021 Working-Age 

Population (Age 18-64) %

61.04% 63.87% 62.09% 61.66% 60.75%

Source: Esri


Texans are Diverse


Texans Are Educated


Texas Has a Booming Housing Market

Median Home Prices in Top Texas Cities

Rank City Median Price
1 San Antonio $319,900
2 Houston $349,900
3 Fort Worth $374,900
4 Dallas $467,000
5 Austin $649,900

Source:, 2022


Texas Is Affordable


Texas Means Business

  • Texas is the Best State for Business
  • Texas is the Best State to Start a Business
  • Texas is home to 53 Fortune 500 companies including Exxon Mobil, AT&T, Valero, Dell, Sysco, American Airlines, USAA, Southwest Airlines, Halliburton, Waste Management, Texas Instruments, and more
  • Other major employers in Texas include Google, Facebook, Amazon, Boeing, Charles Schwab, Toyota, and many more


Texas Is a Global Economic Force


Texas Is Connected


Texas Entertains

Read Next: Austin, Texas Events Calendar: Your Guide to the City’s Annual Festivals, Events, and More


Still have questions about Texas? Reach out to our tenant representation team to learn more.

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