LIQUID With a population of over 29 million people, Texas is a state of vibrant energy and captivating diversity. When it comes to age, Texas has a little something for everyone.
Texas’s age demographic diversity sets it apart, from the ambitious young to the dynamic midlife professionals and the happy retirees. Whether you’re a young dynamo, a midlife maverick, or a silver-haired sweetheart, Texas offers something for everyone.
It’s this demographic diversity that is so attractive for real estate investors fleeing the coasts. As young professionals and families with high-school and working age children have exited places like San Francisco and New York, real estate across Texas has boomed. This influx of capital has caused Texas’ many opportunity zones to become some of the most attractive investment opportunities in the country.
Here’s why…
The median age in Texas is approximately 34 years, reflecting a relatively young population compared to the national median age of around 38 years. This suggests a vibrant and energetic workforce and a state with a higher proportion of younger residents. The rest of the United States has a slightly higher median age, indicating a relatively older population on average.
About 27% of Texas’s population is under the age of 18, showcasing a higher percentage of youth compared to the national average of approximately 23%. This indicates a larger younger population in Texas. The rest of the United States has a slightly lower percentage of the population under 18, but still maintains a significant youth population.
Approximately 13% of Texas’s population is 65 years and older, which is slightly lower than the national average of around 16%. This indicates a slightly smaller proportion of older adults in Texas compared to the rest of the country. The rest of the United States has a higher percentage of the population aged 65 and over, reflecting a larger retiree population.
Texas experiences a consistent influx of domestic and international migration, with a net gain of residents. The state’s economic opportunities, lower cost of living, and job prospects attract individuals and families from other states and countries. The rest of the United States also experiences migration, but specific states may have different trends based on regional factors, economic conditions, and lifestyle preferences.
Texas has a higher birth rate compared to the national average. This suggests a relatively higher number of births per capita in the state, contributing to its younger population. The rest of the United States may have a slightly lower birth rate on average compared to Texas.
Texas is known for its diverse population, with a significant Hispanic and Latino presence. The state’s multicultural fabric contributes to its demographic makeup, shaping its vibrant arts, cuisine, and traditions. The rest of the United States also exhibits ethnic and racial diversity, but the specific demographics vary across different regions and states.
The educational attainment in Texas varies across different regions of the state. Some areas have high educational attainment rates, while others have lower rates. Overall, the state emphasizes the importance of education and offers a range of colleges and universities.
The rest of the United States also demonstrates varying levels of educational attainment based on regional factors, economic conditions, and access to educational opportunities.
Texas has a lower median household income compared to the national average. However, the state’s lower cost of living can offset this difference, providing residents with a good quality of life. Texas also doesn’t have a state income tax which is highly desirable for young professionals. The rest of the United States generally has a higher median household income, but there are regional variations and disparities.
Texas residents are very financially astute, with significant savings rates. Some have begun to take advantage of our savings-alternative Bonds, with higher yields than a traditional savings account, allowing Texans to retire earlier.
Texas has a mix of urban and rural areas, with several major cities driving economic growth and attracting residents. Urban areas tend to have a higher concentration of younger populations and diverse industries. The rest of the United States exhibits a similar mix of urban and rural areas, with some regions having a higher urban population density.
Texas is experiencing significant population growth, with a higher rate compared to the national average. This growth is fueled by a combination of natural increase (births exceeding deaths) and net migration. The rest of the United States also has population growth, but specific states may experience different growth rates based on factors such as economic conditions, job opportunities, and quality of life.
Texas exhibits a younger population with a higher proportion of youth, driven by factors such as birth rate and net migration. The state’s cultural diversity, economic opportunities, and unique characteristics contribute to its demographic makeup. Meanwhile, the rest of the United States may have a slightly older population on average, with variations in age distribution, ethnic composition, and economic conditions based on regional factors.
United States Census Bureau: The official website of the U.S. Census Bureau provides a wide range of data on population demographics, including age distributions, median ages, and population projections.
census.gov
Texas Demographic Center: The Texas Demographic Center is a state agency that provides population estimates and projections for Texas. They offer comprehensive data on various demographic factors, including age.
demographics.texas.gov
Florida Demographics and Economic Research: The Florida Demographics and Economic Research website offers access to demographic data, population estimates, and projections specific to Florida, including age demographics.
bebr.ufl.edu
Pew Research Center: The Pew Research Center conducts research on various societal trends and provides demographic data on a national level. Their reports often include information on age demographics and trends.
pewresearch.org
U.S. Bureau of Labor Statistics: The U.S. Bureau of Labor Statistics provides extensive data on labor market trends, economic indicators, and demographic information. Their reports may include age-related data points.
bls.gov
