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TXTexas Economy
Economic snapshot
GDP: $2.4 trillion
Top industries: Oil & gas (#1 US producer), aerospace, biotech, agriculture (cattle, cotton), technology (Austin), finance (Houston)
Major employers: Oil & gas + healthcare
Industry strengths
- 🛢️ Major oil and gas producer
- 🌾 Strong agricultural sector
- 🌾 Part of the Wheat Belt
- ☁️ Part of the Cotton Belt
- 💰 No state income tax — attracts businesses and high-earners
Cost of living
Above the US average — housing dominates the difference.