Huge corporations have big installations in Austin, requiring good connections to everywhere.
Austin has 100s of $Ms generated by nothing other than being state capitol with tons of state HQs of business and professional assocations.
Austin has the University of Texas "industry". SA has the Medical Center, but Medical Centers are dime a dozen as Americans everywhere make themselves sicker and more decrepit.
SA does have the military $$ and attendant civil service bureaucracies.
SA has almost no large corps HQ'd or ever present here, pretty much due to SA not having a top flight university for science or engineering or medicine. The Toyota plant takes it in the ear as low-mileage pickups take it in the ear.
San Antonio will always be way behind HOU and DFW as air hubs and business centers, and very probably the new SA AP won't gain a step on Austin, either.
I remember a long time ago that a very large %age of SA couldn't read/write/speak English. That's probaby changed (lower %age), but SA has quite large percentage of poor, manul-labor Hispanics that is not offset by a high-earning middle class, making SA "smaller" than the metro population would suggest.
I think we're pretty much stuck with SA being what it is, poor sister to Austin, Dallas, and Houston, rather than outstripping the growth in national wealth. And the podunk airport, and ATT HQ lost, reflects that status.
"The median income for a household in the city is $36,214, and the median income for a family is $53,100. Males have a median income of $30,061 versus $24,444 for females. The per capita income for the city is $17,487. 17.3% of the population and 14.0% of families are below the poverty line. Out of the total population, 24.3% of those under the age of 18 and 13.5% of those 65 and older are living below the poverty line."
http://en.wikipedia.org/wiki/San_Antonio,_Texas
Austin:
"The median income for a household in the city was $42,689, and the median income for a family was $54,091. Males had a median income of $35,545 vs. $30,046 for females. The per capita income for the city was $24,163. About 9.1% of families and 14.4% of the population were below the poverty line, including 16.5% of those under age 18 and 8.7% of those age 65 or over. From the year 2000 to 2005, the median house price in Austin grew 34 percent."

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