Are Texas and Florida the new California and New York? HANNIBAL HANSCHKE/Getty Images
Texas and Florida are challenging California and New York, but will they replace them?
Tech elites from Silicon Valley have been flocking to Texas, mirroring Big Apple financiers on the East Coast fleeing to Florida.
They re all seeking warm weather, affordability, and low taxes as they leave behind a higher cost of living.
Texas and Florida may never truly displace California and New York, but the rivalry is real, positioning the Southern states as true power players.
Sunnier locales, lower taxes, and a more affordable cost of living. California s tech elite and New York s financiers are in pursuit of all three, and they ve found that trifecta in Texas and Florida.