Lakeway is a somewhat small city located in the state of Texas. With a population of 13,685 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.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 12.45% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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 31.31 minutes, which is quite a bit 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 have a 4-year college degree or graduate degree? If so, you may feel right at home in Lakeway. 63.93% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 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 German, English, Irish, Italian, Scottish and French.
The most common language spoken in Lakeway is English. Some people also speak Spanish.
|NUMBER OF HOMES AND APARTMENTS||4,852|
|LAKEWAY HOME OWNERSHIP|
|% OWNER OCCUPIED||81.63%|
|% RENTER OCCUPIED||18.37%|
|TYPE OF LAKEWAY HOMES|
|SINGLE FAMILY DETACHED||83.27%|
|ROWHOUSES AND ATTACHED HOMES||8.23%|
|SMALL APARTMENT BUILDINGS||4.73%|
|COMPLEXES OR HIGH RISE APARTMENTS||3.61%|
|SIZE OF LAKEWAY HOMES|
|5 OR MORE BEDROOMS||6.15%|
|AGE OF LAKEWAY HOMES|
|NEWER HOMES (2000 OR LATER)||39.52%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||58.65%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||1.83%|
|HISTORIC (1939 OR BEFORE)||0.00%|
|LAKEWAY REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$522,701|
|MEDIAN RENTAL PRICE||$1,876|
|HOME VALUE RANGE|
|$0 - $72,000||1.31%|
|$72,001 - $143,000||0.55%|
|$143,001 - $287,000||5.70%|
|$287,001 - $430,000||25.08%|
|$430,001 - $574,000||25.23%|
|$574,001 - $717,000||15.99%|
|$717,001 - $1,076,000||14.43%|
|$1,076,001 - $1,434,000||7.98%|
|PEOPLE OF LAKEWAY||DETAILS|
|UNDER 5 YEARS||4.82%|
|5 TO 17||20.84%|
|18 TO 24||3.29%|
|25 TO 34||5.91%|
|35 TO 54||33.02%|
|55 TO 64||14.79%|
|65 YEARS AND OVER||17.33%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||98.44%|
|MEDIAN HOUSEHOLD INCOME||$109,628|
|PER CAPITA INCOME||$56,323|
|INDIVIDUALS BELOW POVERTY LEVEL||4.21%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (15.03%)
Real estate (4.11%)
Public Service (3.58%)
|BLACK OR AFRICAN AMERICAN||1.06%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.40%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||1.13%|
|TWO OR MORE RACES||1.28%|
|HISPANIC OR LATINO (OF ANY RACE)||13.27%|
|ETHNICITIES PRESENT||German (21.43%)
|LANGUAGES SPOKEN||English (87.74%)
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