San Antonio made the top 25 in Glassdoor’s list of cities where your paycheck goes the furthest. Coming in at number 16, San Antonio was ranked based on its median salary ($55,000) to its median home value ($150,200), which gave it a cost of living ratio of 37 percent. Simply put, housing costs usually make up the largest portion of your income and San Antonio’s ranks better than most cities in the United States when it comes to affordability. If you’re wondering if you can afford to move to this wonderful city, consider the following factors:
According to numerous surveys, housing costs in San Antonio are below the national average. Sperling’s best places lists San Antonio 8 percent below the national average, Areavibes puts it at 27 percent below, and the San Antonio Economic Development Foundation claims that it’s almost about 25 percent lower. Even though these numbers vary slightly, they all show that San Antonio is more affordable than the average city in the United States.
Before you move, you should know that most experts advise that you should not spend more than one-third of your paycheck (after taxes) on rent or a mortgage. This means you need to assess your salary and budget to see what you can afford. Numbeo reports that a one-bedroom apartment in the city center costs an average of $893.88 and $706.71 outside of the city. Similarly, Areavibes claims that rent costs about $840 per month compared to the national average of $920. These numbers help you see what you can afford before you start looking in San Antonio.
How you get from here to there is another major cost you have to consider before moving. Besides your car payment, the largest cost typically is gasoline. The national average cost of gas is $2.22 per gallon, according to the U.S. Energy Information Administration. In comparison, Expatistan estimates the average cost in San Antonio is $1.96 and well below many other large cities. If you prefer public transportation or want to save a little money, a monthly ticket costs about $34.
When you’re moving to a new city, you want to have ample cash to explore new places and attractions, taste new foods, and experience a new culture. San Antonio has a lot to offer when it comes to food and entertainment. There are tons of festivals and community activities as well as parks, museums, and restaurants. But can you afford to explore?
Yes! The average lunch out in the business district costs between $10 and $12, so you can get to know your co-workers over a delicious bite to eat. For a casual night out for two, you can expect to spend $35 to $40. A beer at a pub comes in around $4, which is much lower than most other cities, and a cocktail typically costs around $9, which is pretty average. Two tickets to the movies is an affordable $22. Like most other cities, the parks are free to get into, so you can have a romantic walk along the river or an exhilarating hike for no cost at all.
San Antonio is a large city full of cultural events and great opportunities. Whether you’re considering moving for work or for personal reasons, it has a lot to offer, even if you’re on a budget. The city’s cost of living is lower than many other metropolitan areas, making it an affordable and happy place to live. Come visit us to see for yourself, we’d love to have you!