Living in Lakeway, Texas
Cost of living, income, home prices, rent and demographics of Lakeway · Census data 2020–2024
Lakeway has 19,307 residents with a median age of 49.8. The median household income is $190,060 (142% higher than the Texas median), the median home value is $841,300, the median rent is $2,981/month.
Lakeway at a glance
- Population
- 19,307
- Median age
- 49.8State: 35.6
- Median household income
- $190,060State: $78,476
- Median home value
- $841,300State: $283,800
- Median rent
- $2,981/moState: $1,403
- Homeowners
- 86.3%
- Bachelor's degree or higher
- 74%
- Average commute
- 29 min
Is Lakeway a good place to live?
Pros: Median household income 142% higher than the Texas median; unemployment of 3.5%; a poverty rate of 2.5%.
Cons: Home values 196% higher than the state median; an average commute of 29 minutes.
The weather is best in March–April and October–November.
Cost of living in Lakeway
Housing is the biggest part of the cost of living. In Lakeway the median home value is $841,300, 153% higher than the U.S. median. Renters pay a median of $2,981 per month, which is 29% of household income. Homeowners with a mortgage pay $3,624 a month in housing costs.
Lakeway median household income
The median household income in Lakeway is $190,060 and the income per person is $106,890. 2.5% of residents live below the poverty line (Texas: 13.8%).
Housing in Lakeway: homes for sale and rent
- Housing units
- 8,561
- Owner-occupied
- 86.3%
- Renter-occupied
- 13.7%
- Vacant
- 8.5%Includes seasonal homes
- Median year built
- 2004
- Average household size
- 2.44
Lakeway demographics
- Population
- 19,307
- Median age
- 49.8
- Under 18
- 22.5%
- 65 and older
- 23%
- Households
- 7,831
- Foreign-born
- 9.5%
- Veterans
- 7.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Lakeway ›
Education in Lakeway
74% of adults 25 and older in Lakeway have a bachelor's degree or higher (Texas: 33.8%), and 25.1% have a graduate or professional degree.
Jobs and commute in Lakeway
- Unemployment rate
- 3.5%State: 5.3%
- Average commute
- 29 minState: 27 min
- Work from home
- 50.2%
- Drive alone
- 43.1%
- Public transit
- 0%
- Walk to work
- 2.7%
- Homes with broadband
- 99%
Lakeway vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lakeway | 19,307 | $190,060 | $841,300 | $2,981 |
| The Hills | 2,516 | $158,250 | $846,000 | $3,501 |
| Point Venture | 1,598 | $110,500 | $502,700 | $2,250 |
| Bee Cave | 8,862 | $111,172 | $776,400 | $1,877 |
| Briarcliff | 2,735 | $140,938 | $550,800 | $2,718 |
| Hudson Bend | 4,127 | $95,703 | $678,400 | $1,582 |
| Steiner Ranch | 18,619 | $190,523 | $826,500 | $1,955 |
| Lago Vista | 9,650 | $113,457 | $420,000 | $1,436 |
| Volente | 784 | $178,750 | $1,091,100 | $1,219 |
More for people moving to Lakeway
Lakeway ZIP code ›Weather and climate ›Living in Lakeway: FAQ
What is the median household income in Lakeway, TX?
The median household income in Lakeway is $190,060, 142% higher than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lakeway?
The median home value in Lakeway is $841,300, compared with $283,800 in Texas.
How much is rent in Lakeway?
The median gross rent in Lakeway is $2,981 per month, about 29% of household income.
Is Lakeway, TX a good place to live?
Pluses: median household income 142% higher than the Texas median; unemployment of 3.5%; a poverty rate of 2.5%. Minuses: home values 196% higher than the state median; an average commute of 29 minutes.
What is the median age in Lakeway?
The median age in Lakeway is 49.8 years (Texas: 35.6).
How long is the commute in Lakeway?
The average commute to work in Lakeway is 29 minutes; 50.2% of workers work from home.
What is the unemployment rate in Lakeway?
The unemployment rate in Lakeway is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lakeway?
74% of adults in Lakeway have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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