Business and Economic Information
San Antonio, the seventh largest city in the nation, is projected to grow an estimated 16.88% between 2000 and 2011 - plus an additional 7.30% through the year 2016..
The strength of the city’s economic structure is its diversity, which is as varied as the San Antonio’s cultural makeup. While traditionally known for its tourism/convention business and large military presence, San Antonio has shed its two-dimensional label and today has multiple industries driving its economy. This has resulted in the greater San Antonio area having one of the most robust economies in the country. The city’s growth industries include:
- Financial Services
- Government and Military
- Healthcare & Biosciences
- Hospitality & Entertainment
- Information Technology
- Transportation and Logistics
Industry economic impacts studies are available here.
Download the latest Economic Report here: 2011 Fourth Quarter Economic Trends Report (PDF file)
Despite the national economic downturn, the unemployment rate in San Antonio was at 6.6% in March of 2012. There are more than 900,000 people in the workforce for the metropolitan statistical area, working in more than a dozen employment sectors.
The City of San Antonio has been ranked one of the best places to do business in the nation. This is due largely to a low cost of doing business due to low cost of real estate and low utilities. Our region also has a well equipped and growing workforce, many opportunities for training and workforce development, and a renowned quality of life for families. Plus:
- The cost of utilities for water and power are 20% less than the national average
- San Antonio has a 92.4 Cost of Living Index according to ACCRA (1st Q 2011)
- Fiber optic and digital switching infrastructure spread throughout the entire city
(Source: San Antonio Economic Development Foundation)
Low cost of living
The Real Estate Center at Texas A&M University reports that the majority of the homes sold in San Antonio were in the $120,000 to $139,999 price range, approximately $50,000 less than similar homes in other markets.
If you would like a personalized calculation/comparison of the cost of living differences between San Antonio and your city, email your request by clicking here.
For an up to date analysis of median cost of housing and other ideas on where to find your next home, visit the San Antonio Board of Realtors Homepage (click here).
(Source: US Census, 2010)
- San Antonio Population: 1,337,897
- Bexar County: 1,696,677
- Metro Area: 2,133,533
- Median Age = 34.1 years
- Average Income = $61,635 (2011)
Jobs in San Antonio
- Unemployement = 6.6% in March 2012 (Texas Workforce Commission, not seasonally adj.)
- Annual job growth (2010 - 2011) = 2.4%
- Largest employers include healthcare and biosciences, financial services, manufacturing, education, government/military.
- Fastest growing sectors recently for jobs includes mining/lodging (related to the Eagle Ford Shale), manufacturing, information technology, government and other services.
Find local school districts and Colleges/Universities here.
More economic information and resources are available here through our partners, and at the city and county web sites.