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The United States of Texas

Posted by: In: Newsletter 15 Jan 2014 Comments: 0

By Jim Hynes

Managing Director

I hope you read the cover story last year of TIME magazine’s October 28, 2013 edition by economist Tyler Cowen. He looks at the reasons why so many Americans are headed to the Lone Star State. In detailing the reasons for the tremendous success of the conservative state, he comes to a conclusion that surprises even himself: Texas is the nation’s future.

time-magazine

Based on Cowen’s research, there are several reasons why America’s future is going to look a lot more like Texas. The most significant reasons have already been highlighted by Jim McAlister in his article for this newsletter, but here are a few more compelling facts from this article to think about:

1) With three of the top five fastest-growing cities in the country — Austin, Dallas, and Houston — Texas is America’s fastest-growing large state. Over the past 20 years, more than 4 million Californians have moved to Texas.

2) Texas has the third highest average income (after Virginia and Washington) based on a ranking done by MoneyRates.com, which ranks states on the basis of average income, adjusting for tax rates and cost of living.

3) Over the past 10 years, Texas created nearly one-third of the country’s highest-paying jobs.

What it all adds up to is a future where many more Americans live in Texas — and a nation that looks more and more like the Lone Star State.

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