In the money

San Antonio cashes in as the top Texas city for 6-figure job growth

San Antonio cashes in as the top Texas city for 6-figure job growth

man in suit, one hundred dollar bill, money, cash
San Antonio workers are making ends meet with quite a few honest bucks.

San Antonio workers are bringing in the big bucks, with one new study finding the city ranks the highest among Texas markets for growth in six-figure jobs.

From 2015 to 2020, the San Antonio-New Braunfels region experienced an impressive 163 percent jump in the number of six-figure jobs, according to a new study from Stessa, a provider of property management software for landlords. That puts San Antonio at No. 7 nationally in the rankings. 

Last year, 5.7 percent of jobs in San Antonio pulled in at least $100,000 annually. That means some 56,780 working San Antonians drew a six-figure salary in 2020.

Throughout the metro area, the median annual pay across all occupations stands at $37,920.

Nationally, professions that often draw at least $100,000 a year include software developer, attorney, sales manager, pharmacist, and nurse practitioner, according to the study.

“One of the COVID-19 pandemic’s most significant long-term effects on the economy could be rising wages,” the study says. “With widespread shortages in the labor market reported this summer, many employers — particularly those with lower-wage employees — have tried to entice workers with improved compensation and benefits. These trends have led to the fastest rates of wage growth since the Great Recession, especially among the lowest earners.”

Among large metro areas, Nashville ranks first for the growth of six-figure jobs from 2015 to 2020, at 270.9 percent.

Looking at major metro areas in Texas, the Austin-Round Rock area ranks in the No. 15 spot among major U.S. metros for the percentage increase in six-figure jobs during that time frame. From 2015 to 2020, the share of six-figure jobs in the Austin area went up 101.1 percent. Last year, 7.6 percent of jobs in the Austin area — representing 80,560 workers — brought in at least $100,000 annually.

Dallas-Fort Worth ranks 26th, with a 60 percent rise in six-figure jobs during the time period and 8.5 percent of workers earning six-figure salaries, the study says.

Houston ranks 46th among major metros for the five-year change in six-figure jobs, at 21.9 percent. In the region, 8.8 percent of jobs pay at least $100,000 a year. That’s the highest percentage among the four major metros in Texas.