San Antonio’s regional economy has historically been one of the most stable in the US and continues to improve. Ranked 4th among Texas metropolitan areas and 38th in the US in GDP, San Antonio’s economy is focused primarily within the military, health care, government-civil service, financial services, oil and gas, and tourism sectors. The region has also become a popular selection for American-based call centers and has added a sizable manufacturing sector centered around automobiles in the last decade.
Austin’s regional economy has continued to show positive trends including an unemployment rate that remains one of the lowest in the county (2.8% compared to the national average of 4.1%). Greater Austin has a diverse economy heavily anchored by government activities and education. Hightech firms, particularly related to semiconductors and software, are also important economic pillars. The five-county MSA is the 32nd largest metropolitan economy in the U.S. per GDP and 3rd largest in the state of Texas. Both markets benefit from proximity to I-35 and I-10, connecting them with other major metropolitan transportation hubs including Houston and Dallas/Fort Worth.