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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.

Lakeway, TX
Real Estate & Demographic Data






Lakeway profile


Living in Lakeway



Lakeway is a medium-sized city located in the state of Texas. With a population of 19,429 people and five constituent neighborhoods, Lakeway is the 150th largest community in Texas. Much of the housing stock in Lakeway was built relatively recently. The construction of new real estate can often be taken as an indication that the local Lakeway economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Lakeway, where the median household income is $142,566.00.

Lakeway home prices are not only among the most expensive in Texas, but Lakeway real estate also consistently ranks among the most expensive in America.

Also of interest is that Lakeway has more people living here who work in computers and math than 95% of the places in the US.

A relatively large number of people in Lakeway telecommute to their jobs. Overall, about 33.95% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

In addition, Lakeway is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.

Because of many things, Lakeway is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Lakeway really has some of the features that families look for when choosing a good community to raise children. Is Lakeway perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

One downside of living in Lakeway is that it can take a long time to commute to work. In Lakeway, the average commute to work is 30.81 minutes, which is quite a bit higher than the national average.

Lakeway is a small city, and as such doesn't have a public transit system that people use to get to and from their jobs every day.

If knowledge is power, Lakeway is a pretty powerful place. 71.62% of the adults in Lakeway have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in Lakeway in 2018 was $74,997, which is wealthy relative to Texas and the nation. This equates to an annual income of $299,988 for a family of four.

Lakeway is a very ethnically-diverse city. The people who call Lakeway home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lakeway residents report their race to be White, followed by Asian. Lakeway also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 11.66% of the city’s residents. Important ancestries of people in Lakeway include German, English, European, Irish, and Italian.

The most common language spoken in Lakeway is English. Other important languages spoken here include Spanish and Langs. of India.