Data from the 2022 U.S. Census highlight that the allure of New Mexico is drawing a significant number of Texans, according to Business Insider. The statistics reveal an impressive migration trend, with nearly 17,000 individuals relocating from Texas to New Mexico in the span of just one year, from 2021 to 2022. This movement marks Texas as the leading contributor to New Mexico’s population influx.
Among the new residents are Don and Patti Crook, who decided to leave Texas behind, driven in part by the burden of substantial property taxes. “People are getting priced out of their homes due to super high property taxes,” Don Crook expressed in a discussion with the Albuquerque Journal.
The financial strain of these taxes is not negligible, with Texas being ranked as having the seventh highest average property tax rate in the country at 1.63%, a figure reported by ABC13, an ABC News affiliate in Houston. In contrast, New Mexico offers a more appealing rate at 0.74%.
Despite the absence of a state income tax and relatively moderate home prices in Texas, the high property taxes are a significant factor for many in their decision to move. Greg Brown, a former Texas resident of 35 years, shared his sentiment with the Journal, stating, “New Mexico just has more of that family feel to it. New Mexico is the Texas that I grew up with.” This comment underscores the cultural and community aspects that also play a role in the migration trend.
Interestingly, despite the notable exodus to New Mexico, Texas continues to attract a substantial number of new residents, maintaining its position as the leader in population growth within the United States. As reported by Business Insider, this trend is particularly evident among unmarried millennials who opt for renting, a demographic for whom property taxes may not be an immediate concern.
The movement of Texans to New Mexico is multifaceted, influenced by economic factors such as property taxes as well as the search for a community that resonates more closely with individual values and lifestyles. This migration pattern reflects broader trends in domestic mobility, where economic considerations are balanced against personal and community values.
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