Lakeway is a medium-sized city located in the state of Texas. With a population of 19,056 people and five associated neighborhoods, Lakeway is the 150th largest community in Texas. There's nothing like the smell of a brand new house, and in Lakeway, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Lakeway, and putting down their money on brand new construction. Lakeway’s real estate is, on average, some of the newest in the nation. Lakeway does seem to be experiencing an influx of affluent people, because the median household income is $190,060.00. 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.Lakeway is a decidedly white-collar city, with fully 95.16% 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 (27.80%), sales jobs (20.93%), and business and financial occupations (10.09%). 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 50.19% 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. 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. 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.Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Lakeway. 74.00% 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 2022 was $106,890, which is wealthy relative to Texas and the nation. This equates to an annual income of $427,560 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 10.77% of the city’s residents. Important ancestries of people in Lakeway include German, English, Irish, Italian, and European. The most common language spoken in Lakeway is English. Other important languages spoken here include Spanish and Chinese.
