San Antonio among 15 U.S. cities with highest increase in cost of living, report says
The people of San Antonio may think the period from 2010 to 2020 was not kind to their wallets. And while the cost of living may be on the rise everywhere, San Antonians appear to be faring better than residents in many other Texas cities and national locales.
Among major U.S. metro areas, San Antonio saw the 14th biggest increase in the cost of living from 2010 to 2020, according to a new analysis of federal data by Filterbuy. During that 10-year span, the cost of living in the Alamo City rose 17.4 percent, the analysis shows.
The Seattle metro area led major metros with a 23.2 percent jump in the cost of living from 2010 to 2020.
Here’s a further breakdown of the numbers for the San Antonio metro:
- Overall cost of living compared with the average — 2.1 percent lower.
- Cost of goods compared with the average — 2.6 percent lower.
- Cost of housing compared with the average — 7.6 percent lower.
- Cost of utilities compared with the average — 13.2 percent higher.
Considering those figures, San Antonio remains a more affordable alternative to places like New York City, San Francisco, Boston, Los Angeles, and Miami — and even some other Texas locales.
Contributing to San Antonio’s cost-of-living figures is its relatively affordable (though rising) housing market. For instance, in December, though the median home price rose to $311,000 — its highest ever — that remains significantly lower than other Texas markets, including nearby Austin, where the median home price for the same month surged to $476,700.
“Home sales are still moving quickly, which is good news for sellers ... but there is still a lot of opportunity for buyers,” Cher Miculka, chairwoman of the San Antonio Board of Realtors, said recently.
Three other places in Texas made Filterbuy’s top 30 for the steepest rises in the cost of living among major metros:
- In the 8th-ranked Dallas-Fort Worth area, the cost of living grew 20.3 percent from 2010 to 2020.
- In the 12th-ranked Austin area, the cost of living climbed 17.8 percent from 2010 to 2020.
- In the 28th-ranked Houston area, the cost of living increased 14.9 percent from 2010 to 2020.