Five Best States to Live in the U.S. with Your Family

Moving to a foreign country is never easy. Potential immigrants begin by looking at different regions and states - assessing them in terms of economic development, amenities, and the ability to give their children a good education.

Many foreigners are attracted to the United States. One way to move to America is through the government's EB-5 immigration program. The EB-5 visa allows immigrants to obtain permanent residency and later citizenship. To obtain it one must invest $500 thousand in the US economy. The investor and his family members will be able to work and run their own business in the country.

California

California is the most multicultural state in America. The labor market is quite extensive, the economic situation in the state is stable and prosperous, so there are no problems with employment - to find a job and do business here is much easier than, for example, in Florida. California has well developed tourism, a lot of opportunities for family recreation and entertainment and a favorable climate.

Real Estate Prices

Like most real estate markets, California's housing market is suffering from an ongoing supply shortage, rising interest rates and very high home prices. The state is now experiencing a slump in sales. Housing market statistics vary depending on which city you are in.

Such price fluctuations are created by migration from expensive million-dollar cities. Densely populated areas such as San Francisco, Los Angeles and San Diego saw a drop in sales in December 2020. Prices in most areas rose 9 percent. In addition, the California Association of Realtors predicts a more than 3 percent drop in sales in single-family homes in 2021.

According to Zillow, California home prices are expected to rise from $554,000 to $589,000 by October 2021. It's also worth adding that the average price to rent a home in California is $2,500 a month.

Education

One of the main reasons why Russians buy real estate in the U.S. is the opportunity to give a prestigious education to their children. California is home to the world's leading universities according to World Reputation Rankings 2021 - Stanford University (second place), UC Berkeley (sixth place) and the California Institute of Technology (seventh place).

The universities are world-renowned as some of the best training centers in computer and IT technology, economics, and physics.

For whom

Most migrants in California are from Asian and Arab countries. Property in this region is elitist. Because of the high cost of real estate, Russian-speaking buyers prefer housing in Florida.

Florida

Every day more than a thousand people move to Florida. The reasons for the move are several: low taxes, cheap rents and affordable real estate, two to three times cheaper than in California.

Russian buyers are investing in Florida real estate for several reasons. The main one is the lack of income tax. The second reason is the lucrative investment in housing. The cost of real estate due to high demand and limited supply will increase soon, which will bring a guaranteed income to investors.

In addition, the cosmopolitan city of Miami - one of the most popular and popular cities to live, because almost half of the population - foreigners. In addition to everything necessary for comfortable rest and life in the state are built various sports clubs, swimming pools, tennis courts, restaurants, cafes, spas and green areas. That's why those who buy real estate in Florida are not only buying a home, but also a way of life.

Real estate prices

The U.S. housing market is cooling off on par with the Florida market. For 2021, real estate prices are projected to rise by 5 percent. Listings are up in 2018, and the average price of a property ($255,000) tells us why so many people live here.

The economy is strong in major cities like Tampa, Sarasota, Miami, Fort Lauderdale, Orlando and Jacksonville. Consumer confidence in Florida is considered high, just as is the demand for vacations. Zillow estimates the average home price dropped by $2,000 from November to December 2020. By November 2021, the price for a private home in the U.S. will be $241,000.

There is a myth that real estate in Florida is very expensive. In fact, prices vary greatly - you can find options for $10 million and $150,000, from luxury villas on the coast with marinas to one-bedroom studios. In fact, buy housing can be purchased for the cost of one or two-bedroom apartment in Moscow.

Education

In addition to its unique climate, beautiful sandy beaches and natural reservations, Florida attracts immigrants to Florida to pursue good educational opportunities. Universities in Florida offer degrees in medicine, economics, social sciences, and engineering related to space research and nanotechnology. However, when hiring employees, preference is given to IT specialists.

By the way, most foreign students coming to America to study choose universities of this state. All thanks to the fact that they have a professional teaching staff and non-standard educational programs designed for specific groups of students.

For whom

Florida real estate market is dominated by Europeans, Asians and Latin Americans. Many Russian-speakers - in and around Miami there are about half a million of our countrymen. But compared to the Hispanics, the Russians, one might say, simply do not exist here.

New York

Today New York State is a major economic, tourist and industrial region of the United States. The heart of the country is considered the eponymous city - a huge metropolis with a multi-ethnic and multi-confessional population, which is the financial and business center of the country.

One of the most important trading floors of the planet, the UN headquarters and many world class museums and galleries are located in New York City. New York will appeal to fans of America's historical heritage. The cultural life of the states is concentrated here.

Real Estate Prices

Year after year, New York City consistently remains the best of the states for real estate investment. According to Mashvisor's investment calculator, the average price of such property in 2021 is $542,219. Buying investment property in the New York housing market can be a lucrative investment.

The state's price-to-rent ratio indicates that renting tends to be more cost-effective than buying a rental property. In other words, there is great demand from renters in the New York real estate market.

Education

A college degree from one of the universities in New York City is a great opportunity to get a job and be in demand all over the world, since some of the most promising educational institutions are located here.

This is the reason why many foreigners get grants and immigrate to New York City, a state of great opportunities, advanced transportation system and high culture. For example, Columbia University, the most prestigious and strongest university in the metropolis, is located here.

For whom

New York State has the second largest immigrant population. About 200 nationalities live here. Russians, Spaniards, Portuguese, Swedes, and Germans are the most numerous groups.

You can also find ethnic neighborhoods in New York City: Chinese, Russian, Japanese, Polish, Italian, and Indian. The population speaks 800 languages, making it the most linguistically diverse state in the world.

Washington, D.C.

Washington is one of the most promising destinations for work visas to the United States. There is no income tax in the state - the headquarters of famous American companies Microsoft, Starbucks and Amazon are concentrated here, as well as the offices of Google and Boeing division.

In addition, the state has a huge number of nature reserves, mountains and river valleys. It is called "the evergreen state of contrasts" because of the variety of landscapes - mountain ranges and plains, semi-deserts and rain forests.

Real Estate Prices

According to recent data, home prices in many states and major metropolitan areas will rise over 2021. In the coming months, however, there will be little increase in property values in Washington, D.C. According to Zillow, the average home price in the Washington state real estate market is now $379,500. That figure is up 6.9 percent from last year and is projected to rise 5.2 percent in 2021.

In many Washington cities, the demand for rental properties is growing by the day, as buying and investing in real estate is a smart move for rental income. It is worth adding that there is no income or franchise tax in this state, but there is a business, activity and gross income tax.

Education

Often Russians immigrate to Washington, D.C. to provide their children with the opportunity to obtain a degree from a world-renowned university and, consequently, employment in well-known companies with good earnings.

Washington is home to one of the oldest public institutions on the West Coast, Washington State University. It encompasses a wide range of disciplines: science, engineering, medicine, and is renowned for its research excellence. There's a vibrant student life with lots of extracurricular activities and hobby clubs.

For whom

About half of the state's population is concentrated in the Seattle area. Most of Washington's immigrants come from countries such as Germany, Ireland, England, Mexico, and Norway.

Texas

Texas is a popular destination for immigration. Many IT companies, such as eBay, Apple, PayPal, IBM and Dell, are located here. It's the second most populous state in the United States and is known for its diverse natural areas and fascinating landscapes.

Many large cities are situated in the state, among which stand out Houston, Abilene, Victoria, Dallas. Also in state there is active development of different spheres of economy and growth of living standards.

Real estate prices

One undeniable advantage of Texas compared to other states - low housing prices and lack of income tax. Real estate in this region is considered the most affordable. Half of the Russian-speaking residents of Texas live in the suburbs of Houston and Dallas, as the central parts of these cities are most often occupied by commercial real estate.

Corelogic predicts home prices will rise 4 percent across the U.S. in 2021, but for now Texas is still the most favorable place to buy homes or rent property. Housing costs vary - you can buy a budget home in the suburbs of metropolitan areas for as little as $100,000.

Education

The state has many medical facilities and research centers and is home to a number of major universities whose doors are open to foreigners. The University of Texas at Austin is a university with over 50,000 students from fifty countries.

It is known for its excellent technical, liberal arts, medical, and legal education. There are plenty of opportunities for children's sports in the state - many Texas schools spend more on sports development than on general education subjects.

For whom

Texas is a multicultural state. It's hard to list all of the nationalities that can be found here. They include Russians, Chinese, Indians, Czechs, and many others. They often create communities and national associations, wanting to preserve their native language and traditions. An interesting fact is that in every major city you can find at least one Russian store or a small café.