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Texas is attracting young and rich movers ditching California and New York

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Texas is attracting young and rich movers ditching California and New York


Move aside old, Texas money; nouveau riche is moving to the Lone Star State.

Amid the state’s attempt to snatch the crown as the financial hub of the United States, Texas now ranks second in the country for attracting young and rich people. The state had a net gain of 1,660 new young and rich households based off a study by SmartAsset using 2021 and 2022 data from the IRS.

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Individuals aged 26 to 35 who earn more than $200,000 are considered wealthy, according to the study. Only Florida narrowly beat out Texas with a net gain of 1,786 new young and rich residents.

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Still, it underlines the growing sentiment affluent individuals feel about states like California and New York as both were in the top five for negative net migration. California lost 3,226 young and rich households while 345 young and rich households abandoned New York.

California and New York ranked first and fourth respectively for losing young and rich households.

Between 2010 and 2019, Texas attracted over 25,000 establishments to move to the state. Many have said it’s due to the state’s business friendly climate over issues like taxes. The state has no income tax; a move which may also be attracting the young and rich.

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Half of the other states winning over the latest breed of young money, like Florida, Tennessee and Nevada, also don’t have income tax. Nine states in the U.S. don’t charge income tax and five of them made it into SmartAsset’s top 10 list for young, affluent movers.

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Since rich people have the most to win or lose from charging income tax, it’s likely one of the biggest drivers pushing households to Texas, said SmartAsset’s director of economic analysis Jaclyn DeJohn.

“While this study didn’t include data that pins down exactly what’s driving the shift, there are several economic incentives that may entice the young and rich to move to Texas,” she said. “In particular, the state and local governments do not charge income tax on residents, which may shave off a sizable portion of income taxes for high-income young people living in states that do charge income taxes.”

More companies focusing on big money industries like technology, finances, real estate and more is also a big factor that’s attracting young talent to the state, DeJohn said. Areas like Dallas, Austin and Houston are mostly to credit with gaining corporate relocations like SpaceX, AECOM, CBRE and more.

Winning over the rich and young is a victory for the state economically speaking, Dejohn said.

“Overall, more wealth coming to Texas helps add to the bottom line of local businesses. While no income tax is collected on these newcomers, they do still have an impact on Texas’s tax base via sales, excise and property taxes,” she said. “The age group of incoming wealth also has an impact on which businesses, services and amenities are in demand, potentially leading to changes in supply.”

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Why are Californians moving to Texas and how that might change the state

The young and rich moving to Texas is also a part of a bigger trend of the state’s young workforce growing. Texas is gaining more Gen Z movers than any other state, according to a study from Zillow Group Inc. Plus, it adds to the Dallas’ already existing reputation as a haven for affluent individuals.

Dallas is the 22nd most wealthy city in the world, sixth in the U.S., according to a report from London-based private investment migration consultancy firm Henley & Partners.

‘Why not Dallas?’ How ‘Y’all Street’ aims to become America’s next financial titan

New business relocations, a stock exchange and much more are at the center of Dallas’ next stage of business growth.

A worker climbs aboard a locomotive at a CPKC rail yard Wednesday, Aug. 21, 2024, in Kansas...
Labor dispute stops Canadian freight rails, could cause major economic disruption in U.S.
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All rail traffic in Canada and all shipments crossing the U.S. border have stopped, although CPKC and CN’s trains will continue to operate in the U.S. and Mexico.



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3 things to watch as Texas, Texas Tech begin Women's College World Series Final

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3 things to watch as Texas, Texas Tech begin Women's College World Series Final


It’s a rematch between Lone Star State powers in the 2026 Women’s College World Series Final.
No. 1 seed Texas (51-12, 16-8 in SEC play) and No. 3 seed Texas Tech (61-8, 21-3 in the Big 12) begin their three-game series at 8 p.m. ET Wednesday in Oklahoma City. Each



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Brazoria County deputy shoots, kills Texas State University student after car chase, report says

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Brazoria County deputy shoots, kills Texas State University student after car chase, report says


BRAZORIA COUNTY, Texas – A Texas State University student was shot and killed by a Brazoria County Sheriff’s deputy early Monday morning after an attempted traffic stop in Lake Jackson.

The news was first reported by The University Star, Texas State’s student-run newspaper.

In a Tuesday statement to KSAT, the university identified the student as John Gabriel Mendoza Jr., 18. He was a freshman who studied management, according to the school.

“We extend our heartfelt condolences to his family, friends, classmates, and all those affected by this tragedy,” the university said in its statement.

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Deputies attempted a traffic stop on a vehicle just after midnight Monday near Farm-to-Market 2004 and This Way Street in Lake Jackson, the sheriff’s office said.

The driver of the vehicle, who was identified as Mendoza by The University Star, did not stop, deputies said. The deputies then chased after the vehicle for approximately a mile into a neighborhood located in the 100 block of Indian Warrior Trail.

According to the sheriff’s office, the driver went inside a home’s garage and parked before a deputy approached the vehicle, the release said.

The deputy then pulled out his firearm and shot into the vehicle. The sheriff’s office said the gunfire struck the driver.

The University Star reported that Mendoza was the one shot. He was taken to a hospital, where he was later pronounced dead.

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The deputy who pulled the trigger has since been placed on administrative leave in accordance with the Brazoria County Sheriff’s Office policy.

KSAT reached out to the Lake Jackson Police Department and the Brazoria County Sheriff’s Office for more information, but neither agency has responded at this time.

The shooting investigation is being led by the Texas Rangers, according to a Brazoria County Sheriff’s Office news release.

This is a developing story. Check back for updates.


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Women’s College World Series championship series set: Texas to rematch Texas Tech

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Women’s College World Series championship series set: Texas to rematch Texas Tech


OKLAHOMA CITY — Texas and Texas Tech will meet in the championship series of the Women’s College World Series in back-to-back years after both teams won semifinal matchups on a scorcher of a day at Devon Park that saw the maximum four games with two “if necessary” showdowns.

Texas has won six elimination games in the NCAA Tournament so far, including two on Monday, to reach its fourth championship series in five years and its third straight. The Longhorns and Red Raiders became the 11th and 12th teams in WCWS history to lose their opener and then reach the finals. This is the first matchup of teams to do that since 2021, when FSU and Oklahoma accomplished the feat.

The Red Raiders return to the championship series after knocking out No. 1 overall seed Alabama, marking their second consecutive appearance in the finals. Kaitlyn Terry and NiJaree Canady worked in tandem in the circle in Game 1 to keep the bats of Alabama’s potent offense relatively quiet, but Canady took it to another level in Game 2, throwing a complete-game shutout. She now has a shutout in each of her four appearances in the WCWS.

“I’m just excited to be able to make it to the championship series again,” Canady said on facing Texas in back-to-back championships. “It’s just a blessing to play them again. It’s good for the state of Texas, showing how good softball is in the state, and I feel like we’re going to get a good turnout.”

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“Just so proud of my girls,” Texas Tech coach Gerry Glasco said. “They really bought in in the last — I feel like the last 30 days that we just have come together and became a whole different team, and they’re just playing for each other so well now.”

As per usual for the Red Raiders’ stacked lineup, it was a runs-by-committee kind of day, with RBIs from five players: Lauren Allred, Terry, Jasmyn Burns, Taylor Pannell — who both homered — and Mia Williams, whose walk-off in Game 1 kept the Red Raiders’ chances alive. Burns was the sole provider of the offense in Game 2 with a solo home run, her second in as many days. That was all Texas Tech needed to shut out the Tide, though another run scored on an error in the top of the seventh allowed Mihyia Davis to add some insurance.

Alabama’s Jocelyn Briski had been dominant the entire WCWS up until Monday’s first matchup, where she just couldn’t seem to find the zone. She had more control in Game 2, but the Tide’s offense couldn’t figure out Canady despite seeing her in the first game.

NiJaree Canady blanked the Crimson Tide in Game 2 for her fourth WCWS shutout. (Nathan J. Fish / USA Today Network via Imagn Images)

“The key today was one inning at a time,” Glasco said. “Play one inning at a time. Even break it down one pitch and go through. Don’t think about 14. Think get the next out, get to the next out, get to the next inning.

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“We know that against a great team like Alabama, there’s going to be moments — I told her (Canady) before, you’re going to lose momentum at some point. You’re going to face adversity, and when you do, we’re going to respond really quickly and get it right back in our dugout.

“That adversity happened at the top of the seventh. Just like Oklahoma last year, we lost the lead. Let’s win it in the bottom here. Let’s not mess around and go eight. Let’s get it right now. It took one batter. They’re just really a resilient bunch of young women.”

The Longhorns likewise won both of the necessary games to advance and keep their hopes for a repeat title alive. Teagan Kavan struck out 10 batters — a new career high in OKC — and allowed just two hits in a complete-game shutout, the fifth of her career on this stage, to surpass Texas legend and Olympian Cat Osterman. Tennessee, which defeated Texas on Thursday to open up play at Devon Park, needed just one win to advance, but its offense was shut down by Kavan and Game 1 starter Citlaly Gutierrez, who took a no-hitter into the fourth inning.

Tennessee, undefeated in the NCAA Tournament until this point, had hit a home run in every contest but couldn’t find a rhythm in either game. For Texas, Katie Stewart led the way at the plate, launching her second and third home runs in 24 hours despite an uncharacteristic three errors in the field. Her second home run of the day was her 30th of the season, a Texas program record that also made her the fourth player in Division I this season to surpass the 30-homer mark.

Katie Stewart celebrates a home run as she rounds the bases.

Katie Stewart hit a solo home run in the fifth inning of Game 1 against Tennessee to help Texas advance to the championship series. (Brett Rojo / Imagn Images)

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“It’s what coach (Mike) White has put in us all season, just fighting back from losses,” senior catcher Reese Atwood said. “When we came out of the loser’s bracket after the first game, we fought so hard. We’ve had so many key players step up in different places, different roles, and it’s Texas fight. It’s what we do, and we’re going to continue to do going into the championship.”

Texas and Texas Tech have not faced each other so far in 2026, but the Longhorns have historically owned the in-state rivalry with a 58-12 record against the Red Raiders.

Last season, Texas Tech made program history with its first WCWS ticket punched, then came within one game of taking home its first title in a three-game battle against Texas. In the 2025 tournament, Texas and Texas Tech went through the winner’s bracket before facing each other; the first two games of the championship were pitchers’ duels until Texas’ offense exploded in Game 3 to take home the program’s first championship.

Notably, the college careers of Tennessee ace Karlyn Pickens and Alabama seniors Alexis Pupillo and Marlie Giles came to an end. Pickens has made an indelible mark on the sport and leaves behind the record for the fastest pitch recorded in college softball at 79.4 mph. After being drafted No. 1 in the AUSL Draft, Pickens will play professionally with the Carolina Blaze.



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