New report shows which Texas cities are most affordable for minimum wage earners

Click through the slideshow to see how cities in Central and South Texas fared. less Walletwyse ranked U.S. cities based on relative affordability of median-priced housing for minimum wage earners, based on the debt-to-income ration for 2,000 hours at minimum wage. Click through the slideshow ... more Walletwyse ranked U.S. cities based on relative affordability of median-priced housing for minimum wage earners, based on the debt-to-income ration for 2,000 hours at minimum wage. Photo: Courtesy Of HAR.com Photo: Courtesy Of HAR.com Image 1 of / 57 Caption Close New report shows which Texas cities are most affordable for minimum wage earners 1 / 57 Back to Gallery

For those earning minimum wage, Fredericksburg is among the least affordable cities in Texas, according to Walletwyse.

The website calculates and analyzes information about homes, cars, investments and more, and recently released a report ranking cities by their relative affordability of median-priced housing for minimum wage earners. The report was intended to provide insight into how affordable each city is for individuals earning minimum wage.

Fredericksburg, at a 21.08 debt-to-income ratio for people working 2,000 hours at minimum wage, was listed as the least affordable in all of Texas, topping all of Texas' biggest cities. Vernon, in far north Texas, and Rio Grande City, in the far south, were the most affordable in the state, based on the same 2,000-hour metric, according to the report.

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Of Texas' biggest metro areas, San Antonio was listed as the most affordable, followed closely by Houston.

While many U.S. cities and states raised minimum wage this year, all Texas cities maintained the federal minimum of $7.25, which has been in place since 2009. That's less than half what some cities, such as San Francisco and New York, require. The minimum wage rate, however, is not always an indicator of affordability, the report said.

"While home prices are not a perfect proxy for cost of living, it's noteworthy that many of the cities with a low minimum wage actually rank better than the cities with higher minimum wages when housing affordability is factored in," Walletwyse reported.

Click through the slideshow to see how Central and South Texas cities fared on the list.

S. M. Chavey is a breaking news and general assignment writer. Read her on our breaking news site, mySA.com and on our subscriber site, ExpressNews.com | sarah.chavey@express-news.net | @smchavey