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Epic Photos This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Texas is attracting people enticed by the lack of income tax and high quality of life. Residents moving from expensive states like California also get more living space for their buck. Some of the most popular spots for luxury homes are the suburbs of Houston, Austin, and Dallas. In the past decade, Texas has become a magnet for entrepreneurs and corporations enticed by the state's business-friendly practices and lack of income tax. Since the pandemic started, this influx has ramped up even more: Elon Musk, Oracle Corp., and Hewlett-Packard are just a handful of the entities that have relocated to Texas in the past year. And homebuyer demand from out-of-state residents has jumped to a record high.