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#5: Texas
Population: 25,145,561
Growth rate: 20.6%
Unemployment rate: 8.2%

Low corporate taxes, cheap land, proximity to Mexican markets and a laissez-faire regulatory atmosphere has made Texas a welcoming place for businesses.

Low home prices and no state income tax are also a draw for new residents. Consider: The cost of living in Dallas is about two-thirds of what it is in Los Angeles.


NEXT: #6: North Carolina
Last updated December 21 2010: 12:52 PM ET
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