Austin, TX
Texas Tribune finalizes speakers for annual fall festival in Austin
Austinites who want to catch a glimpse into the lives of the one percent may be surprised to learn that the pre-tax income required to be considered one of the highest earners in Texas amounts to $762,090 in 2024. So says a new study from SmartAsset that analyzed the top one percent income floors for all 50 states.
Compared to SmartAsset’s 2023 report, Texans now need to make $130,241 more in 2024 to maintain their status as one of the highest earners in the state. Last year, the income threshold was $631,849. For the second consecutive year, the Lone Star State maintains the 14th highest pre-tax salary needed to be considered in the top one percent of earners in the U.S.
To determine the income needed to be in the top one percent of earners in each state, SmartAsset analyzed 2021 IRS data for individual tax filers, which is the most recent year where data was available. Income data was then adjusted to June 2024 dollars.
Texas’ one percent income threshold is not too far off from the national average, which is $787,712.
The study further revealed 126,128 Texans are within the top one percent of earners. For more context, the U.S. Census Bureau says over 30 million people lived in Texas as of 2022, and Austin’s population grew to nearly 980,000 residents in 2023.
Connecticut continues to lead the nation with the highest income threshold required to be in the top one percent, with residents needing to make over $1.15 million pre-tax.
If Austinites aim to be within the top five percent of earners in Texas, the pre-tax income threshold is substantially lower, at $280,676. For many Austin residents, however, even achieving a “middle class” status means making between $59,604 and $178,830 a year, according to a separate SmartAsset report.
Meanwhile, the study says the median income in the U.S. comes out to roughly $75,000, and half of Americans are making even less than that. The income disparity is plainly obvious when high-income earners make (at a minimum) 10 times more than the national median income.
The report goes on to say top-earning Americans make up a “disproportionately large part of the tax base,” as their income results in paying a 37 percent federal tax bracket rate. (That is, if these high earners are even paying taxes in the first place, considering America’s wealthiest are already evading over $150 billion a year in taxes.)
“While state and local level taxes may impact the spread of high earners in those areas, the cost of living can also be drastically different nationwide,” the report said. “As a result, what it takes to be considered a top one percent income earner can differ by over $500,000 from state to state.”
The top 10 states with the highest thresholds to be considered in the top one percent of earners in the U.S. are:
- No. 1 – Connecticut ($1,152,254)
- No. 2 – Massachusetts ($1,113,662)
- No. 3 – California ($1,035,673)
- No. 4 – Washington ($989,649)
- No. 5 – New Jersey ($975,645)
- No. 6 – New York ($965,645)
- No. 7 – Colorado ($865,700)
- No. 8 – Florida ($852,206)
- No. 9 – Wyoming ($843,121)
- No. 10 – New Hampshire ($811,098)
Austin, TX
More dangerous Texas floods expected after at least 2 killed and hundreds of people rescued in high water, governor says – WTOP News
AUSTIN, Texas (AP) — More dangerous Texas floods expected after at least 2 killed and hundreds of people rescued in…
AUSTIN, Texas (AP) — More dangerous Texas floods expected after at least 2 killed and hundreds of people rescued in high water, governor says.
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© 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
KERRVILLE, Texas (KXAN) — The City of Kerrville issued a shelter-in-place Thursday morning, with heavy rain causing reported evacuations early Thursday morning. A Flash Flood Warning is currently in place for Kerr County as the Guadalupe River continues to rise.
Around 5:30 a.m., the National Weather Service said a “large and deadly flood wave is moving down” the Guadalupe River.
KXAN First Warning Weather Meteorologist Kristen Currie said approximately 11 inches of rain have fallen northwest of Kerr County since 10 p.m. on Wednesday. The Guadalupe River is expected to reach major flood stage in multiple areas.
Kerr County PIO Lisa Walter said “there have been multiple swift water rescues and evacuations.” Officials emphasized not to drive through flooded streets and to turn around if water covers the roadway.
Evacuations were underway in multiple areas, according to the county, including:
- Goat Creek
- Arcadia Loop
- Lowery/Guadalupe area
- Junction Highway low-water crossings
- Other low-lying neighborhoods
Emergency shelters are open at Impact Church (Goat Creek evacuation point), Calvary Temple Church and City West Church for people in West Kerr County, the county said.
Here are the latest headlines:
Live updates
7:03 a.m.: KXAN’s Kevin Baskar is in Gillespie County providing updates on the latest flood conditions in the area. Watch his update below.
6:37 a.m.: Kerr County officials emphasized not to drive through flooded streets and to turn around if water covers the roadway.
Evacuations were underway in multiple areas, according to the county, including:
- Goat Creek
- Arcadia Loop
- Lowery/Guadalupe area
- Junction Highway low-water crossings
- Other low-lying neighborhoods
Emergency shelters are open at Impact Church (Goat Creek evacuation point), Calvary Temple Church and City West Church for people in West Kerr County, the county said.
6:27 a.m.: Video shows emergency crews hauling boats and rescue equipment through Kerrville.
6:15 a.m. NewsNation correspondent Xavier Walton and his photographer captured a structure being swept up in river water and crashing into a Kerrville bridge. The structure appears to be some sort of shipping container, pushing against the bridge.
Watch the video below:
6:08 a.m.: Kerr County PIO Lisa Walter confirms “there have been multiple swift water rescues and evacuations.”
6:02 a.m.: The Guadalupe River at Center Point is expected to crest at 35 feet, which is the same crest as July 4, 2025.
5:57 a.m.: The National Weather Service said “a large deadly flood wave” is moving down the Guadalupe River.
5:49 a.m.: The Comfort Volunteer Fire Department said it has units in Kerrville and Centerpoint alerting people along the Guadalupe River. They’re helping Kerr County with evacuations along Highway 27 between Comfort and Centerpoint. They said all VFD personnel are OK.
5:30 a.m.: The Kerr County Sheriff’s Office said in a Facebook post that it’s received reports of “street flooding in Ingram, and it’s likely many roads and city streets are flooded as well.”
AUSTIN (KXAN) — As flood threats continue across parts of South Central Texas, Austin Pets Alive! has activated emergency response efforts to support animal shelters affected by the inclement weather.
In a social media post, APA! wrote, “We began offering aid last night, working to secure fosters for 10 dogs in the Castroville shelter, an open-air shelter that sits at the bottom of a valley.”
APA! said the situation escalated overnight with additional shelters reporting flooding. One shelter confirmed that floodwaters reached its facility, APA! added.
Communities overwhelmed due to weather include Uvalde, Castroville and Sabinal.
The nonprofit is asking the Austin community to foster, adopt or donate to free up capacity for animals displaced by the disaster. APA! needs to clear out its facilities to assist the animals in need of shelter.
Here are ways you can help:
- Adopt: APA! is offering a “Name Your Own Adoption Fee” on all animals.
- Foster: The shelter is seeking foster homes for a minimum of three weeks.
- Donate: Proceeds will fund vans and response teams setting up a staging and triage center at the heart of the disaster zone, along with an expanded stockpile of preventatives, PPE and additional supplies.
If you would like to donate, click here.
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