Lakeway is a medium-sized city located in the state of Texas. With a population of 19,429 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 $154,118.00.

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.

A relatively large number of people in Lakeway telecommute to their jobs. Overall, about 39.74% 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.

Being a small city, Lakeway does not have a public transit system used by locals to get to and from work.

Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Lakeway. 71.88% 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 $85,011, which is wealthy relative to Texas and the nation. This equates to an annual income of $340,044 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 10.42% 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 Chinese.