Lakeway is a somewhat small city located in the state of Texas. With a population of 15,981 people and two constituent neighborhoods, Lakeway is the 204th largest community in Texas.
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.
Lakeway is a decidedly white-collar city, with fully 92.90% of the workforce employed in white-collar jobs, well above the national average. Overall, Lakeway is a city of managers, professionals, and sales and office workers. There are especially a lot of people living in Lakeway who work in management occupations (23.62%), business and financial occupations (17.58%), and sales jobs (13.48%).
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 22.11% 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", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
Because of many things, Lakeway is a great place for families with children to consider. First of all, many other families with children live here, making Lakeway a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Lakeway has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Lakeway’s overall crime rate is lower than average for the country.
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 31.34 minutes, which is quite a bit higher than the national average.
If knowledge is power, Lakeway is a pretty powerful place. 69.26% 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 $69,086, which is wealthy relative to Texas and the nation. This equates to an annual income of $276,344 for a family of four.
Lakeway is a somewhat 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. Important ancestries of people in Lakeway include German, English, European, Irish, and French.
The most common language spoken in Lakeway is English. Other important languages spoken here include Spanish and French.