The seventh most populous city in the United States, San Antonio is the fastest growing among the top 10 since 2010 (16.7%). The area’s diverse economy has seen recent investment and job growth in aerospace, manufacturing, cybersecurity, tourism, healthcare, and bioscience, and is not as heavily dependent on the oil and gas industry as compared to the rest of the state. San Antonio has become a driving force in the Texas economy and has weathered the pandemic well, making it poised to continue its expansion in the near term.

San Antonio is positioned to continue benefiting from the overall business and population expansion occurring in the state. Home to two Fortune 500 companies, Valero Energy and USAA, the San Antonio area has proven its place in attracting national companies including Ernst & Young and PenFed, both of which opened major office locations in the San Antonio Metro within the last two years. As the world returns to normal following the pandemic, the area’s diversified economy - particularly its business and financial services firms, tourism industry and defense industry - will continue to provide economic stability. The ongoing migration of people and firms out of high-density, high-cost-of-living areas and into Texas should continue to benefit the region over the near and long term.