Living in Woodway, Texas
Cost of living, income, home prices, rent and demographics of Woodway · Census data 2020–2024
Woodway has 9,570 residents with a median age of 43.6. The median household income is $115,108 (47% higher than the Texas median), the median home value is $370,500, the median rent is $1,653/month.
Woodway at a glance
- Population
- 9,570
- Median age
- 43.6State: 35.6
- Median household income
- $115,108State: $78,476
- Median home value
- $370,500State: $283,800
- Median rent
- $1,653/moState: $1,403
- Homeowners
- 90.8%
- Bachelor's degree or higher
- 65.1%
- Average commute
- 19 min
Is Woodway a good place to live?
Pros: Median household income 47% higher than the Texas median; an average commute of 19 minutes; unemployment of 2.5%; a poverty rate of 3.8%.
Cons: Home values 31% higher than the state median.
The weather is best in April–May and October–November.
Cost of living in Woodway
Housing is the biggest part of the cost of living. In Woodway the median home value is $370,500, 11% higher than the U.S. median. Renters pay a median of $1,653 per month, which is 31.3% of household income. Homeowners with a mortgage pay $2,201 a month in housing costs.
Woodway median household income
The median household income in Woodway is $115,108 and the income per person is $62,356. 3.8% of residents live below the poverty line (Texas: 13.8%).
Housing in Woodway: homes for sale and rent
- Housing units
- 3,968
- Owner-occupied
- 90.8%
- Renter-occupied
- 9.2%
- Vacant
- 6.3%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 2.55
Woodway demographics
- Population
- 9,570
- Median age
- 43.6
- Under 18
- 23%
- 65 and older
- 23%
- Households
- 3,719
- Foreign-born
- 3.8%
- Veterans
- 7.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Woodway ›
Education in Woodway
65.1% of adults 25 and older in Woodway have a bachelor's degree or higher (Texas: 33.8%), and 34.3% have a graduate or professional degree.
Jobs and commute in Woodway
- Unemployment rate
- 2.5%State: 5.3%
- Average commute
- 19 minState: 27 min
- Work from home
- 11.9%
- Drive alone
- 82.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 97%
Woodway vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Woodway | 9,570 | $115,108 | $370,500 | $1,653 |
| Hewitt | 16,432 | $83,511 | $273,300 | $1,538 |
| Beverly Hills | 1,590 | $47,313 | $156,700 | $942 |
| Waco | 143,570 | $54,365 | $221,700 | $1,165 |
| Willow Grove | 2,080 | $89,036 | $269,600 | — |
| Robinson | 12,800 | $99,289 | $302,200 | $1,419 |
| Lorena | 1,497 | $88,250 | $281,000 | $867 |
| Bellmead | 10,566 | $52,075 | $155,100 | $1,107 |
| China Spring | 1,126 | $70,792 | $248,400 | — |
More for people moving to Woodway
Woodway ZIP code ›Weather and climate ›Living in Woodway: FAQ
What is the median household income in Woodway, TX?
The median household income in Woodway is $115,108, 47% 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 Woodway?
The median home value in Woodway is $370,500, compared with $283,800 in Texas.
How much is rent in Woodway?
The median gross rent in Woodway is $1,653 per month, about 31.3% of household income.
Is Woodway, TX a good place to live?
Pluses: median household income 47% higher than the Texas median; an average commute of 19 minutes; unemployment of 2.5%; a poverty rate of 3.8%. Minuses: home values 31% higher than the state median.
What is the median age in Woodway?
The median age in Woodway is 43.6 years (Texas: 35.6).
How long is the commute in Woodway?
The average commute to work in Woodway is 19 minutes; 11.9% of workers work from home.
What is the unemployment rate in Woodway?
The unemployment rate in Woodway is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Woodway?
65.1% of adults in Woodway 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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