As one of the leading cities in the U.S. for job growth and economic development, Houston is a dynamic and exciting place to live and work. Because Houston is a diverse, culturally rich, family-friendly city with a low cost of living, hundreds of businesses are flocking to the greater Houston area each year to set up or expand their business operations.
One of the largest companies in the world, ExxonMobil, recently began development of a 385-acre campus just south of The Woodlands, a major Houston suburb. This massive business complex will be the future worksite of 10,000 ExxonMobil employees, a third of which will be relocating from Virginia, Ohio and other states. Employees relocating to The Woodlands complex have begun to make plans for their upcoming move, including reviewing school districts, researching neighborhoods, learning about Houston's many cultural, nature and retail amenities, and making decisions about finances and overall costs.
ExxonMobil employees relocating to Houston will quickly discover that living in Houston is extremely affordable compared to living costs in much of the U.S. One of the major ways ExxonMobil employees will see financial benefits in relocating to Houston is the extremely affordable housing throughout the city. Many ExxonMobil employees will likely buy new homes in The Woodlands or surrounding areas simply because they will be able to get much larger homes at prices much less than in their current real estate markets.
The financial benefits to living in Houston also extend to income and purchases. Texas is only one of seven states with no state income tax, so ExxonMobil employees relocating from outside of Texas will enjoy higher take-home pay. This financial gain results in more freedom for ExxonMobil employees to save and invest, as well as protect their family's financial future. Additionally, Houston has a lower sales tax than most major cities, so many relocating ExxonMobil employees will see their purchasing power increase with their move to Texas.
Ultimately, preparation is essential for ExxonMobil employees beginning their relocation plans to Houston, since smart decisions now will result in a smooth transition later for employees and their families. One important financial decision ExxonMobil employees can make now is to begin researching and securing insurance coverage for their new life in Houston. For ExxonMobil employees planning to purchase a home, or rent a property until new home construction can be completed, comprehensive insurance coverage is key to ensuring financial protection when it is needed most.
Aegis is a Houston-based insurance agency that can assist all ExxonMobil employees relocating to Houston with their homeowners, renters, auto and life insurance needs. The friendly and knowledgeable insurance agents of Aegis are eager to assist ExxonMobil employees with any questions regarding the coverage and policy details for new homes, auto insurance coverage requirements for Texas drivers, and other insurance needs for flood protection, motorcycles, boats, and other assets. Contact the insurance experts of Aegis, or get a free quote online today.