Lakeway is a somewhat small city located in the state of Texas. With a population of 14,217 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 94.36% of the workforce employed in white-collar jobs, well above the national average. Overall, Lakeway is a city of managers, sales and office workers, and professionals. There are especially a lot of people living in Lakeway who work in management occupations (20.88%), sales jobs (17.33%), and office and administrative support (10.92%).
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 12.45% 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 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.
In Lakeway, however, the average commute to work is quite long. On average, people spend 31.31 minutes each day getting to work, which is significantly higher than the national average.
As is often the case in a small city, Lakeway doesn't have a public transportation system that people use for their commute.
Do you like to read, write and learn? If you move to Lakeway, you'll likely find that many of your neighbors like to as well. Lakeway is one of the more educated communities in America, with a full 63.93% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Lakeway in 2010 was $56,323, which is wealthy relative to Texas and the nation. This equates to an annual income of $225,292 for a family of four.
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 13.27% of the city’s residents. Important ancestries of people in Lakeway include English, Irish, Italian, and Scottish.
The most common language spoken in Lakeway is English. Other important languages spoken here include Spanish and Hindi.