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.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
A measure of actual starts of houses, condominiums, and apartment construction. When an economy is going to take a downturn, the housing sector is the first to decline. The strength in ...
Connected group of wires, woods, or other materials surrounding real property to either protect it or act as a barrier against others. ...
The vertical elements of a door or window frame which provide vertical support to the overall frame. ...
There’s no mystery. The actual age of a property is the chronological age of a property. Say a house was built two decades ago. That house’s actual age is 20 years old.The ...
If you’re a renter and you own a pet, you might be familiar with the term pet rent. There has been a lot of discussion about the meaning of pet rent and controversy as it isn’t ...
Sewer system built into the streets of a neighborhood that is capable of accommodating the excess water flow of a heavy storm without backing up or flooding. ...
A cost of funds index that most adjustable rate mortgages written in California in recent years are tied to. Computed by the Federal Home Loan Bank of San Francisco, it reflects the cost ...
Same as term income statement: Also called profit and loss statement. A financial statement depicting a business entity's operating performance and reports the components of net income, ...
An individual's possessions at his residences, such as furniture. A listing of items and their costs is recommended to obtain proper insurance coverage and as support for insurance ...
Have a question or comment?
We're here to help.