San Marcos, Texas Overview This small Texas city racks up the accolades. Listed as one of the "Best Places to Raise ...
San Marcos, Texas Overview
This small Texas city racks up the accolades. Listed as one of the "Best Places to Raise Your Kids" in 2010 by Business Week, named the fastest growing city in America in 2013 and 2014 by the Census Bureau, and earning ninth in Business Insider's "10 Most Exciting Small Cities in America" in 2013, San Marcos packs a lot of appeal in a small footprint. The city's population is roughly 54,000, but it's part of the larger Austin-Round Rock-San Marcos metropolitan area that boasts a population of 1.9 million. San Marcos is home to Texas State University. It's thought to be one of the oldest continually inhabited settlements in the country.
Those heading to the area for some of the abundant jobs in San Marcos, TX will be pleasantly surprised by the low cost of living in such an energetic location. The median home price is just $121,500, compared to $181,400 nationwide, and home values appreciated 12 percent in 2013. The cost of living according to Sperling's is 8.20 percent below the national average. It's a youthful city with a median age of just 30.
San Marcos Job Opportunities
Texas State University is the main source of education jobs in San Marcos. The city experienced greater than average job growth in retail sales and services, art, entertainment, hospitality and accommodation. The San Marcos jobs market is keeping pace with its population growth.
Other major sources of San Marcos, TX jobs besides the university system include the retail outlets in San Marcos Premium Outlets and Tanger Outlet Center, the Hays County government agencies, Central Texas Medical Center, San Marcos Consolidated School District, TeleNetwork Partners, LTD and the San Marcos city government.
The length of the average commute for residents of San Marcos is just 21 minutes; many residents are employed in high-tech jobs in Austin, a city well-known for startups.
San Marcos Employment Trends
The rapid population growth and expanding economy has led to a very low unemployment rate of 3.1 percent in September 2014 compared to 5.9 percent nationally. Job growth has kept pace with population growth, with an increase of 2.82 percent in 2013. Growth for San Marcos jobs is expected to top 42.5 percent over the next decade compared to national projections of just 36 percent.
The sectors expected to experience the greatest demand over the coming decade are finance, professional services, engineering, technology, education and healthcare.