San Antonio Metro

San Antonio

San Antonio, Texas

San Antonio is the 7th most populous city in the USA and the 2nd most populous city in the state of Texas, with a population of 1.3 million.  Since 2000, it has had a population growth of 16.41 percent. It was the fastest growing of the top 10 largest cities in the USA from 2000-2010.  San Antonio serves as the county seat of Bexar County.  The Greater San Antonio area has a population of over 2.23 million based on the 2012 U.S. Census estimate, making it the 25th largest metropolitan area in the USA and third-largest in the state of Texas. Growth is likely to continue to expanding due to energy production, military presence, professional sports teams, and tourism in the area. San Antonio is home to Fort Sam Houston, Lackland Air Force Base, Randolph Air Force Base (which constitute Joint Base San Antonio), Lackland AFB/Kelly Field Annex and Brooks City-Base, with Camp Bullis and Camp Stanley outside the city.

Economy

The economy in San Antonio is booming.  The unemployment rate in San Antonio is 7.1 percent (U.S. avg. is 8.60%).  San Antonio jobs are seeing significant increases due to investments in energy, medical, military, and housing. Future job growth over the next ten years is predicted to be 33.56%. The income per capita is $22,474, which includes all adults and children. The median household income is $45,038. San Antonio, TX, sales tax rate is 8.13%. Income tax is 0.00%. Kelly Air Force Base operated out of San Antonio until 2001, when the airfield was transferred over to Lackland AFB and the remaining portions of the base became Port San Antonio, an industrial/business park. San Antonio is home to five Fortune 500 companies and the South Texas medical Center, the only medical research and care provider in the South Texas region.

Local leaders continue to employ aggressive incentives to attract additional business investments.  Offering tax abatements and exemptions, flexible grants and loans, and bond financing are powerful tools in play. Local authorities are also offering development assistance, fee waivers, foreign trade zones, and immigrant investor programs. The state of Texas provides even further economic stimulus through technology funds, enterprise zones, enterprise funds, and skill development funds.

Education

San Antonio public schools spend just over $5,000 per student. The average school expenditure in the U.S. is $5,691. There are about 15.1 students per teacher in San Antonio. On average, the public school district that covers San Antonio is close to the state average in quality.

Housing

Housing investments continue to be profitable with recent surges in drilling and fracking placing some local hotels completely sold out for up to 10 years. The median home cost in San Antonio is$127,000. Home appreciation the last year has been 1.85 percent.  Compared to the rest of the country, San Antonio’s cost of living is 14.30% Lower than the U.S. average. The median age of San Antonio, TX, real estate is 31 years. Renters make up 39.79% of the San Antonio, TX, population. 8.51% of houses and apartments in San Antonio, TX, are unoccupied (vacancy rate). The house value growth rate is higher than the state average rate of 55.15% and is higher than the national average rate of 51.67%.

History

Payaya Indians originally lived near the San Antonio River Valley, in the San Pedro Springs area, calling the vicinity Yanaguana, meaning “refreshing waters”. In 1691, a group of Spanish explorers and missionaries came upon the river and Native American settlement on June 13, the feast day of St. Anthony of Padua, and named the place and river “San Antonio” in his honor.

Early Spanish settlement of San Antonio began with the Martin de Alarcon expedition and the establishment of the San Antonio de Valero Mission (now the Alamo) as a means to reassert Spanish dominance over Texas from the nearby French in Louisiana. In 1845, the United States finally decided to annex Texas and include it as a state in the Union. This led to the Mexican-American war. Though the U.S. ultimately won, the war was devastating to San Antonio. By its end, the population of the city had been reduced by almost two-thirds, to 800 inhabitants. Bolstered by migrants and immigrants, by 1860 at the start of the Civil War, San Antonio had grown to a city of 15,000 people.

Culture

Famous for Spanish missions, the Alamo, the River Walk, the Tower of the Americas, the Alamo Bowl, Marriage Island and host to Sea World and Six Flags Texas theme parks, the city is visited by approximately 26 million tourists per year according to the San Antonio Convention and Visitors Bureau. The city is home to the four-time NBA champion San Antonio Spurs and the annual San Antonio Stock Show & Rodeo, one of the largest in the country. The city has characteristics of other western urban centers in which there are sparsely populated areas and a low density rate outside of the city limits. The median age is 32.8. The US median is 37.3. 40.40% of people in San Antonio, TX, are married. 12.59% are divorced. The average household size is 2.7 people. 29.55% of people are married, with children. 18.79% have children, but are single. 72.58% of people are white, 6.88% are black, 2.43% are Asian, 0.89% is Native American, and 17.23% claim ‘Other’. 12.08% of the people in San Antonio, TX, claim Hispanic ethnicity (meaning 87.92% are non-Hispanic).