Summary: Texas is expensive when it comes to weather events. In Texas, the total expected annual loss per person is estimated at $283.15 for ten categories of extreme weather: coastal flooding, drought, earthquake, heat wave, hurricane, riverine flooding, strong wind, tornado, wildfire, winter weather.
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Texas is one of the top 10 states most financially affected by weather.
Texas is expensive when it comes to weather events. In Texas, the total expected annual loss per person is estimated at $283.15 for ten categories of extreme weather: coastal flooding, drought, earthquake, heat wave, hurricane, riverine flooding, strong wind, tornado, wildfire, winter weather.
• Texas is one of the top 10 states most financially affected by weather. Culture Map, 26 April 2024, Excerpts
Texas is expensive when it comes to weather events, a new report finds. Home to everything from tornadoes to hurricanes, the state cracks the top 10 of a new report ranking states based on impact from weather-related events.
SmartAsset's new report factored in a myriad of data from the Federal Emergency Management Agency to identify which states face the most financial risk due to various weather events. In the report, the states were ranked by the total expected annual financial losses per person. Texas ranked at No. 10.
In Texas, the total expected annual loss per person is estimated as $283.15. The report broke down each weather event as follows:
Coastal flooding: $1.49
Drought: $3.48
Earthquake: $1.71
Heat wave: $8.16
Hurricane: $89.22
Riverine flooding: $66.05
Strong wind: $5.37
Tornado: $71.04
Wildfire: $8.26
Winter weather: $1.96
Louisiana ranked as No. 1 on the list with $555.55 per person. The state with the lowest expected loss per person from weather events was Ohio with only $63.89 estimated per person.