Individuals usually reward San Antonio’s affordability, however that doesn’t essentially apply to rental costs right here.
The Alamo Metropolis got here in No. 110 out of 182 U.S. cities when it comes to hire affordability in a brand new evaluation from private finance firm WalletHub. Which means our rents in our metropolis now rank as much less inexpensive than these in each Austin and Fort Value.
To seek out the place hire is most inexpensive, researchers examined 150 most populated U.S. cities and added in not less than two of probably the most populated cities in every state. They in contrast every metropolis’s median annual gross hire towards its median family revenue, then ranked the metros by the share of annual revenue that goes in the direction of hire.
Total, San Antonio residents spend 24.42% — almost 1 / 4 — of their annual incomes on hire, WalletHub discovered. Although town’s median annual gross hire from 2020-2024 was solely $1,324 month-to-month, the median family revenue stood at simply $66,176 in 2024, in response to the U.S. Census Bureau.
Rental prices nationwide have shot up by greater than 50% over the previous decade, and wages haven’t grown on the similar fee, WalletHub officers wrote. The numbers definitely recommend San Antonio renters are feeling the pinch.
Comparatively, residents within the examine’s best-ranked metropolis, Bismarck, N.H, solely spend 15.29% of their annual revenue on hire, because it’s one of many cities with the bottom rents and highest revenue ranges.
In opposition to the 16 different Texas cities on the checklist, San Antonio solely ranks higher than three in affordability: Dallas at No. 122, Houston at No. 126 and Garland at No. 143.
Although a metropolis’s excessive median revenue and low median hire makes for higher affordability, researchers additionally advised that renters discover different methods to economize, together with making certain your house consists of utilities and dwelling with a roommate.
These suggestions might not change San Antonio’s rating, however they might stop you from changing into a part of the statistic.
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