Lakeway is a medium-sized city located in the state of Texas. With a population of 19,300 people and five constituent neighborhoods, Lakeway is the 150th largest community in Texas. Lakeway has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. 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.
Telecommuters are a relatively large percentage of the workforce: 33.95% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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.
Lakeway is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the 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 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.