Despite San Antonio's strong wage growth, its average hourly wage is $5.32 lower than the national average. SanAntonio SATX SanAntonioTX economy wages poverty
Despite the average hourly wage in San Antonio growing 5.4% last month, the city remains far poorer than other large cities, according to data from the Federal Reserve Bank of Dallas.
Wage growth in the San Antonio area hit 5.4% in April, higher than both the national average and that of any other metro in the state,While that number and other key economic indicators for the Alamo City remain strong, residents here are still considerably poorer than people living in other Texas cities, not to mention the national average.
Workers in the San Antonio metro brought home $27.90 an hour on average for April. That's $3.27 less than the average hourly wage in Texas and far less than the national average of $33.22 an hour, the Federal Reserve Bank of Dallas reported. San Antonio's April unemployment rate was 3.4% — just 0.2% higher than the national average. It was also 0.4% less than the state average, which spiked to 4% last month.
The latest economic indicators indicate that while San Antonio's economy shows strong growth. However, they suggest the area — which has long suffered fromThe report comes as San Antonio continues to rank among the
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