A staggering new cost estimate from AccuWeather reveals that the Independence Day flash flooding across Texas Hill Country may rack up $18 to $22 billion in economic losses. The preliminary figure covers damage to homes, businesses, campgrounds, recreation areas, and infrastructure - plus emergency response, evacuations, power outages, and long-term care for survivors and families.
What’s Included in the Estimate
Property and infrastructure damage - The rapid flood surge wiped out roads, bridges, RV parks, campsites, and homes along the Guadalupe River.
Recovery and cleanup costs - Search-and-rescue teams, debris removal, and recovery efforts are adding up quickly.
Economic ripple effects - Disrupted tourism, supply chains, commerce, travel delays, and power outages are factored in.
Insured & uninsured losses - Many Texans lack flood coverage, and water damage often isn’t included in standard policies.
Long-term health costs - AccuWeather adds potential physical and mental health expenses for survivors and bereaved families.
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A Historic Hit for Texas
Officials warn this could become one of the most expensive natural disasters in Texas history - on par with Hurricane Harvey’s $125 billion damage in 2017.
Between 1980 and 2024, the state recorded 190 disasters each costing at least $1 billion, more than any other U.S. state.
Perspective from the Experts
“This is the latest disaster in an area with a long and tragic history of deadly flash floods,” said AccuWeather chief meteorologist Jonathan Porter, who warned of lasting economic impacts in the Hill Country.
He highlighted that water damage repair is particularly pricey - and too often left uncovered by insurance .
What This Means for Texas
Recovery and rebuilding will likely stretch through 2026, testing local and state budgets.
Insurance premiums may rise, while flood coverage could become mandatory for riverside property holders.
Lawmakers may be pushed to accelerate funding for flood warning systems, infrastructure strengthening, and disaster preparedness - a key agenda item for the upcoming July 21 special session.
Bottom line: The Hill Country flooding isn’t just a human tragedy - it’s also a financial blow that could reshape how Texas plans, builds, and protects its most vulnerable communities.