The common San Antonio-area employee is a good distance off from residing comfortably, in line with new analysis from Credit score Card weblog Upgraded Factors.
A single resident of the SA metro with no partner or kids wants $93,355 to dwell comfortably, in line with Upgraded Factors’ report. Nevertheless, the median private earnings right here is lower than half that.
Worse nonetheless, San Antonio ranks because the eighth-most-affordable metro to dwell in, however locals simply aren’t being paid sufficient to benefit from the excessive life.
The research analyzed which metros had been essentially the most inexpensive by utilizing knowledge from the Financial Coverage Institute’s Household Finances Calculator to find out the price of residing in U.S. cities. Researchers at Upgraded Factors then used the U.S. Census Bureau’s 2024 American Group Survey to find out median wages.
The report then utilized the 50/30/20 rule — or the notion that fifty% of earnings ought to go to requirements, 30% to discretionary spending and 20% to financial savings and debt funds — to find out what certified as “residing comfortably.”
In San Antonio, most households aren’t residing comfortably, the report discovered.
For instance, two Alamo Metropolis adults with no youngsters would want to deliver dwelling $122,000 yearly to pay their payments and nonetheless have one thing left to splurge a bit. That quantity jumps to a whopping $200,000 for a household of 4.
That’s about $33,000 much less for a household of 4 than the nationwide common. But the typical household of 4 in our metro solely pulls in a median earnings of $99,000.
Researchers at Upgraded Factors blamed elevated inflation and the speedy unfold of AI within the office for the rampant inequality domestically and nationally.
The most costly metro to dwell comfortably in was San Jose, California, the place a single grownup wants $163,000 yearly for a comfortable existence.
In the meantime, an grownup can dwell comfortably in Cleveland, Pittsburgh or Tucson the nation’s least-expensive massive metros — for $87,000 yearly, the report mentioned.
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Nevertheless, solely 8% of recent listings in San Antonio are promoting at a loss, the evaluation reveals.
Final yr, a San Antonio resident wanted a little bit over $59,000 to dwell comfortably. Now they want $85,000, in line with a brand new research.
