Lakeway, TX

Lakeway profile

Living in Lakeway

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 92.38% 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 (24.68%), business and financial occupations (15.48%), and sales jobs (13.49%).

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 19.42% 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 educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.

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 31.13 minutes, which is quite a bit higher than the national average.

If knowledge is power, Lakeway is a pretty powerful place. 67.24% 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 $68,120, which is wealthy relative to Texas and the nation. This equates to an annual income of $272,480 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. Lakeway also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 10.23% of the city’s residents. Important ancestries of people in Lakeway include German, English, Irish, European, and Italian.

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