This Week's Hot Headlines

Houston Tex-Mex institution to close flagship and more popular stories

It's last call for the original Pappasitos.

Courtesy of Pappasitos

Editor's note: It's time to look back at the top Houston news of the week, from a Tex-Mex institution's impending closure to all the best steak nights in town. Read on for our most popular stories, then plan your Labor Day weekend right here.

1. Houston Tex-Mex institution's original location to close after 43 years. The original location of a pioneering Houston Tex-Mex restaurant will soon serve its last order of fajitas. Pappasitos Cantina is closing its location at Richmond and Hillcroft on September 13.

2. 12 special Houston steak nights served Monday through Thursday. Houstonians love a deal, especially when it involves a juicy steak. Thankfully, Houston's bars and restaurants are serving up a host of compelling steak night specials.

3. 2 Michelin-rated Houston restaurants teamed up for taco-fueled fundraiser. Held Sunday, August 30, the Perfect Pairing event united Tatemó chef-owner Emmanuel Chavez with The Pit Room’s Memorial location for an epic evening of tacos, margaritas, and community.

Michael Sambrooks, Emmanuel Chavez, Humberto Celis, Alexia Ramirez, Matt Harris, and Amber Kelusky. Courtesy of Big Brothers Big Sisters Houston

4. Award-winning Houston smash burger restaurant sets Katy opening date. The wait is nearly over for the eagerly anticipated Katy location of Burger Bodega. The smash hit smash burger concept will open at 11 am on September 19.

5. Houston home to No. 2 biggest drop in rent prices in U.S. since last year. A new report has revealed that Texas is leading the nation in annual rent declines since 2025, and Houston rent prices have fallen as much as 14 percent since last August.

who needs a raise?

This is the income it takes to be in the top 1 percent in Texas in 2026

Hundred dollar bills, income study, top 1 percent earners in Texas

Photo by engin akyurt on Unsplash

The income needed to be ranked among the top 1 percent of earners in Texas has surged over $800,000 in 2026.

In a state where local billionaires are wealthier than they've ever been, high-earning Texans need to make $73,000 more than they did a year ago if they want to be among the top 1 percent of earners, a new report has revealed.

SmartAsset's latest study analyzed income thresholds for the top 1, 5, and 10 percent of earners in all 50 states and the District of Columbia, using 2022 IRS data for individual tax return filers (the most recent year available), adjusted to 2026 dollars.

Texas has the 11th highest income threshold, with residents needing to make a minimum of $817,158 to be considered among the top 1 percent of earners statewide. In 2025, Texans needed to make about $744,000 to be among the top 1 percent.

For comparison, residents living in the nation's capital must make at least $1.16 million to qualify as top 1 percent earners. The District of Columbia led the nation with the highest income threshold to be a top earner.

To be considered among the top 5 percent of earners in Texas, a resident would need to make $312,671. The income threshold to be considered among the top 10 percent is $210,609.

SmartAsset additionally found that 128,130 Texas residents qualified as top 1 percent earners in 2022. Nationally, the report estimated that fewer than 2 million households earn enough to be considered among the top 1 percent of earners nationwide, but 23 million households rank among the top 10 percent.

"In some places, households can enter the top 1 percent at income levels that fall well below the threshold elsewhere, reflecting an uneven landscape of wages and wealth," the report said.

A separate SmartAsset study that tracked the upper and lower thresholds for middle class households found Houston residents need to make anywhere from $42,907 to $128,722 to maintain their middle class status.

The top 10 states with the highest thresholds to be considered in the top 1 percent of earners in the U.S. are:

No. 1 – District of Columbia ($1,156,664)
No. 2 – Connecticut ($1,147,898)
No. 3 – Massachusetts ($1,006,921)
No. 4 – California ($987,325)
No. 5– New Jersey ($969,976)
No. 6 – New York ($959,562)
No. 7 – Florida ($956,449)
No. 8 – Washington ($903,303)
No. 9 – Colorado ($828,772)
No. 10 – Wyoming ($819,014)

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