Rental rates in San Angelo rising fastRental rates in San Angelo rising fasthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=106532015-09-28T05:00:00Z2015-09-28T16:00:00Z

​SAN ANGELO - According to Payscale.com, the average cost of living in Phoenix and Dallas is only 3 percent higher than San Angelo, showing how rental rates in the area continue to rise fast.

In addition, Phoenix's average median income sits at approximately $49,000, which is about $6,000 higher than San Angelo's.

The U.S. Census Bureau last reported the median income in San Angelo at $42,000 in 2013, $9,515 lower than Texas' average.

Regarding rent prices, San Angelo's $800 median for a one-bedroom is higher than four out of the ten most populous cities.

Crystal Chen with Zumper.com added that San Angelo currently ties with Galveston and DeSoto in the Metroplex for the 46th most expensive city in Texas to rent.

While rent rates are rising, and it seems more unaffordable, San Angelo is still more affordable than 35 other Texas cities the agency analyzed.

 "In the near term, San Angelo can become attractive for larger real estate development projects given demand associated with higher rents," Chen said. 

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