San Antonio — friendly small-town feel in a major city
San Antonio has a population of more than 1.3 million people, it’s the 7th largest city in the U.S. and the 2nd largest city in Texas. The real estate blog, Trulia recently reported that San Antonio is the #2 city in the U.S. for millennial population growth (ahead of all other cities in Texas).
San Antonio is home to five Fortune 500 companies and to the South Texas Medical Center, the only medical research and care provider in the South Texas region. Famous for Spanish missions, the Alamo, the River Walk, the Tower of the Americas, and host to SeaWorld and Six Flags Fiesta Texas theme parks, the city is visited by approximately 26 million tourists per year according to the San Antonio Convention and Visitors Bureau. The city is home to the five-time NBA champion San Antonio Spurs and the annual San Antonio Stock Show & Rodeo, a family-oriented event held every February, and one of the largest stock shows in the country. Despite its size and offerings, the city has managed to retain much of the small-town friendly feel that has made it ‘home’ for so many transplants.
We have a diversified economy with four primary focuses: financial services, government, health care, and tourism. Twenty million tourists visit the city and its attractions every year, contributing substantially to the city’s economy. Tourism also brings new annual revenues to the City of San Antonio and other governmental entities with the hotel & motel tax, sales taxes and other revenues from hospitality agreements and contracts.
San Antonio’s economy has remained strong during the current economic crises in our country and throughout the world; we have the lowest unemployment rate in Texas, holding at about 7% in the summer of 2011, compared to a national rate of more than 9% and a State of Texas unemployment rate of 8%. Because of our diversified economy and the strong biotechnology and health care industry, San Antonio has been able to maintain an even financial keel and continues to maintain its ‘recession-proof’ economy.
Cost of living in San Antonio
We enjoy a cost of living that is consistently one of the lowest among comparably-sized cities in the US. Housing remains more affordable than in other large cities in Texas and throughout the country, with the current median home price at about $135k.