San Antonio has the real estate advantage over Austin because of its affordability. When it comes to the overall cost of living, there's a big difference between Austin and San Antonio; living in Austin costs 33% more than living in San Antonio, according to Sperling's Best Places. While San Antonio residents enjoy a lower cost of living, Austin residents are experiencing lower unemployment and more significant job growth. San Antonio has a lot of traffic centered on the city center that expands to more open areas around the suburbs.
Read on to learn everything you need to compare these two Texas cities before you decide to buy a home in Austin or San Antonio. While it doesn't have as high a profile compared to Austin in terms of corporate presence, San Antonio maintains a healthy business environment through low taxes and investments in infrastructure. Perhaps just as historically important, The Menger Bar in San Antonio is located in the 162-year-old Menger Hotel. San Antonio thrives in the technology and science industries with significant participation in healthcare, biosciences, the aerospace industry, information technology, cybersecurity and the new energy economy.
With an unemployment rate of around 6.6% and employment growth expected for the next ten years at approximately 15.2%, things are looking good for the San Antonio economy. Sports in San Antonio are not as varied as in Austin, but they are still highly appreciated by residents of the city. Despite relatively long trips, there are suburbs near metropolitan areas that can reduce travel time for residents of Austin and San Antonio. The economies of Austin and San Antonio are moving forward with a positive outlook in terms of unemployment and employment growth.
