What Is The Cost Of Living In San Antonio ?

Definition of "What is the cost of living in San Antonio ?"

The city of San Antonio is part of the metropolitan area of San Antonio-New Braunfels and with a population of 1.5 million people, it is the second-most populous city in Texas. San Antonio’s population has grown rapidly in the past years and this shows a high desire amongst people to live in this Texan city.

There are a couple of reasons why people relocate to the city of San Antonio and based on their feedback here are some of them: strong job market, local cuisine, a family-friendly community, the cities’ historical significance, vibrant culture, activities, events, and sports. But, most important people are really drawn to the area because of the low costs of living.

The cost of living in San Antonio, Texas is really low compared to the rest of the country. Prices for housing, transportation, utilities, food, and healthcare are lower than other metropolitan cities. In San Antonio prices are 14% below the national average and compared to the city of New York it is 36% cheaper. This makes the costs of living in San Antonio, Texas 92% cheaper than other cities in the USA.

Estimators indicate that the monthly cost per person in San Antonio would be about $800 without rent and for a four-person family monthly costs would be about $2,800 without rent. With a median household income of $56,000, San Antonio stands out because of its affordability. An important component as far as the costs of living goes to housing, which is also cheap.

How expensive is housing in San Antonio, Texas?

Median home prices in San Antonio round at about $175,000 which makes housing expenses 24% cheaper than the national average. The prices have gone up quite a bit in the past few years and they will continue to rise, but the real estate market is still amongst the cheapest ones in Texas. The median price per square foot is $120 which is below the price of the metro average.

Also, 65% of the household in San Antonio is owner-occupied while the rest of the household is renter-occupied.

How much are you paying for rent in San Antonio, Texas?

The average rent for the San Antonio area is about $1000 per month and the prices here vary, depending on what you are looking for in terms of apartments and square footage as well as comfort. Apartment rent ranges from $500 for studio apartments up to $2000 for more luxurious apartments. Only 2% of apartments exceed the $2000 mark and 82% of them are within the rent range of $700 to $1,500.

Investors find the real estate market of San Antonio very tempting and affordable but this could also be a good opportunity for you to buy or build a home here at a convenient price. As you can see prices for homes in San Antonio are cheap, so get in touch with one of our top realtors in San Antonio TX and fulfill your dream of homeownership.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Questions

Popular Real Estate Glossary Terms

Real property located in an excellent area for its designated objective. An example is a restaurant situated near office buildings, on the main boulevard, so it is easy to see, and has ...

legal ruling providing protection to home buyers of defective homes bought from a seller who then sold the contract to a third party. ...

A real estate broker who lists and sells houses or condominiums, as distinguished from a commercial broker who handles business property. ...

Company formed for the purpose of owning securities of one or more real estate corporations and assuming control over their practices and management. The other corporations are generally ...

Percentage of a geographic location's population to the number of persons employable by a basic industry in that area. A basic industry is one that draws income from outside the locality ...

Hollow building block whose dimensions are 8 x 8 x 16. Concrete blocks are widely used in the construction of foundations and outer walls. They provide strength and durability. ...

Compilation of all tax maps of a given tax district that are bound together and kept at the local tax office. The tax book is a public record that may be accessed by an individual for ...

The initial cost of a home plus any expense for final settlement that are not tax deductible plus capital improvements. ...

Every borrower has his own definition of amortization schedule in mind. An amortization schedule is a table that reveals how the debt is going to be paid back and at what cost. For most ...