Moving from New York to Texas

NY → TX

New York to Texas is genuinely distinct from every other corridor in this pilot: it is the only one with no shared climate zone at all between origin and destination, and it is increasingly a corporate relocation story as much as a household one. New York sent 30,890 people to Texas in 2022 -- ranking third among all Texas-bound state flows that year, behind California specifically -- but the more current and arguably more consequential story is what's happening at the employer level: Goldman Sachs is building an 800,000-square-foot, $500 million Dallas campus meant to house more than 5,000 employees and become the firm's second-largest U.S. office, JPMorgan Chase already employs more people in Texas than in New York, and Wells Fargo opened a new 1,500-employee Dallas campus in 2025. This is a genuine 'Wall Street moves to Dallas' story unfolding in real time, layered on top of the household tax-and-cost migration that drives most of this dataset's other corridors. New York's own two-layer income tax (a real state rate plus, for New York City residents specifically, a separate city resident tax) makes this corridor's income-tax savings the largest of any in this pilot for a departing NYC resident -- but property tax, genuinely unlike the New York-to-Florida corridor already in this dataset, is not a meaningful improvement in Texas, since Texas's own statewide average rate runs essentially even with New York's.

The numbers

Zillow Home Value Index (ZHVI), typical home value, statewide, June 2026 -- the single-methodology figure this project uses across every state for cross-state corridor comparisons.

New York's income-tax story for this corridor is genuinely two-layered in a way no other corridor in this pilot shares: New York STATE's own graduated 4%-10.9% rate is already a real, meaningful drop to Texas's 0% on its own, but a New York City resident specifically also sheds the city's own separate resident income tax (3.078%-3.876%, residency-based, unlike Philadelphia's commuter-inclusive Wage Tax) -- producing a combined savings against a top-bracket NYC resident's real ~14.8% marginal rate that exceeds even what a departing Californian saves against California's 13.3% state-only top rate. A mover leaving Buffalo, Albany, or another non-NYC part of New York was never paying the city add-on to begin with, so their real savings is the state-only 4%-10.9% gap -- this record does not conflate the two, the same distinction new-york.js itself draws.

Unlike the New York-to-Florida corridor already built in this dataset, Texas is NOT a property-tax break for New Yorkers -- Texas's statewide average rate (~1.60%) runs essentially even with, or slightly above, New York's own statewide average (~1.45%, disclosed range 1.3%-1.73%). The real, meaningful property-tax relief in this corridor is not the rate itself but the underlying home VALUE it applies to: New York's real median annual property tax bill ($6,542, 4th-highest in the nation) reflects New York's high home values as much as its tax rate, while Texas's own median home value ($302,999) runs far below New York's ($527,312, both from each state's own sourced Zillow ZHVI). A genuinely important, easy-to-miss wrinkle specific to New York City movers: New York City's own four-class assessment system (per new-york.js) already produces genuinely LOW effective property tax rates on much of its owner-occupied housing relative to market value -- meaning a New York City homeowner specifically may not see a property-tax improvement at all by moving to Texas, even though an upstate New York homeowner (where some counties carry among the highest effective rates in the entire country) likely will.

New York's statewide cost-of-living index (124.7) is real but understates the gap for the large share of this corridor's movers who are actually leaving New York City specifically, where rents and overall costs run far above the statewide average -- a 2-bedroom Manhattan rental was cited around $4,500/month against roughly $2,200/month for a comparable Austin unit in the same comparison. This record discloses both the statewide and city-level figures rather than picking one, since which comparison is more relevant genuinely depends on whether a specific mover is leaving New York City proper or another part of the state.

How many people actually make this move

30,890 people moved from New York to Texas in 2022, against 12,233 who moved the other direction -- a net gain of 18,657 for Texas.

New York ranked third among all states sending residents to Texas in 2022 Census ACS data, behind California specifically (see ca-to-tx.js, the largest state-to-state flow in the country that year). Beyond the household migration numbers, this corridor carries a real, distinct and currently accelerating corporate dimension: Goldman Sachs is building an 800,000-square-foot, $500 million Dallas campus intended to house more than 5,000 employees and become the firm's second-largest U.S. office, with Goldman reportedly pushing managers to relocate from New York and London to Dallas specifically; JPMorgan Chase now employs more people in Texas than in New York; and Wells Fargo opened a new Dallas campus in 2025 with space for 1,500 employees. Financial-services job postings in Texas surpassed New York's for the first time in 2025 (roughly 9% more postings), per industry recruitment data -- a real, current shift in where Wall Street-adjacent hiring itself is happening, not just where individual households choose to relocate.

What actually changes

Income tax drops from New York's graduated state rate (4%-10.9%) to Texas's constitutional 0% -- and for New York City residents specifically, the city's own separate resident tax (3.078%-3.876%) disappears as well, producing savings against a real combined top marginal rate near 14.8% that exceeds what a departing Californian saves against California's own 13.3% state-only rate. Cost of living drops substantially, though the size of the drop depends heavily on where in New York a mover is starting: the statewide comparison (124.7 vs. 90.7) is real, but New York City specifically carries a cost-of-living index around 187, making the New York City-to-Austin or -Dallas comparison closer to a 45% reduction and New York City-to-Houston closer to 49%. Property tax is this corridor's genuine surprise, and a meaningfully different story than the New York-to-Florida corridor already built in this dataset: Texas's statewide average rate (~1.60%) runs essentially even with New York's own statewide average (~1.45%), so the real property-tax relief in this corridor comes from lower Texas home values, not a lower rate -- and a New York City homeowner specifically, benefiting from the city's own low-effective-rate assessment-cap system, may see little to no property-tax improvement at all. Climate flips completely, from New York's real winters (severe in Buffalo and the Adirondacks, milder but still genuine in New York City) to Texas's sustained heat and humidity with no winter freeze risk to speak of.

Climate

New York: genuinely cold-temperate with real winters across most of the state -- upstate New York (Buffalo, the Tug Hill Plateau, the Adirondacks) carries some of the heaviest documented lake-effect snowfall in the entire eastern United States, while New York City and coastal Long Island run milder but still genuinely freezing winters, per new-york.js's own regional climate disclosure

Texas: genuinely hot and humid with essentially no winter freeze risk across nearly all of Texas -- Houston's Gulf Coast humid subtropical climate and Dallas-Fort Worth's own hot, humidity-moderate-but-severe-weather-prone climate both share real hurricane, hail, or tornado exposure New York does not carry in the same way

What to watch out for

New York, like California, is well known for aggressively auditing high earners who claim to have left the state for tax purposes -- domicile and statutory-residency reviews (including day-count and 'permanent place of abode' tests, per new-york.js) are a real part of the New York departure experience, and anyone moving primarily for the tax benefit should expect that scrutiny rather than assume the two-layer state-plus-city tax simply stops the day the moving truck leaves. The property-tax picture requires real, specific due diligence rather than assuming a blanket improvement: a New York City homeowner benefiting from the city's own protective four-class assessment system may see little property-tax relief in Texas, while an upstate New York homeowner (some counties among the nation's highest effective rates) is more likely to see a real improvement -- confirm your specific origin county and destination county rather than relying on either state's statewide average. Texas's own regional insurance and severe-weather risk is real and does not map cleanly onto anything in New York's own risk profile: Houston-area hurricane and flood exposure, and Dallas-Fort Worth's hail-and-tornado 'Hail Alley' exposure, are both genuinely distinct perils from New York's own coastal hurricane risk (Superstorm Sandy) and upstate lake-effect-snow/river-flood risk -- research the specific metro's insurance market rather than assuming Texas is simply 'less risky' because it lacks New York's winter weather.

Where in Texas to look

See the full Texas state hub for more on taxes, climate, and specific cities to consider once you've decided this move makes sense.