Great question. Many people are trying to leave crowded and expensive areas. if everyone goes to TX and FL to get some warm air, lower taxes than others will follow. In the end you may find yourself in the same situation, too many people and higher costs.
The Mississippi Gulf Coast is a great place to live, work, retire or invest. Our taxes are favorable compared to TX (very high property tax) and FL (slightly higher than MS). While those states have zero state income tax, MS has zero state income tax on ALL forms of retirement income including 401k. Depending on your situation, taxes are similar. So no reason to move to TX or FL for a major benefit on taxes.
The bottom line is that real estate prices while low in TX and FL are even lower along the Mississippi Gulf Coast. You can actually afford to buy a home within a three minute walking distance of the beach for less than $350k. You might even get a view of the Gulf for that price. You can still buy a condo on the beach for less than $125k.
If you want to follow the herd to TX and FL where you will spend more time in traffic, be our guest and buy there. If you want a great quality of life that is affordable and you are not living in a densely populated area, consider where we decided to live, the Missippi Gulf Coast. Contact us or sign up for our site and review your options.
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