Spicewood is a medium-sized town located in the state of Texas. With a population of 11,885 people and four associated neighborhoods, Spicewood is the 244th largest community in Texas. There's nothing like the smell of a brand new house, and in Spicewood, 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 Spicewood, and putting down their money on brand new construction. Spicewood’s real estate is, on average, some of the newest in the nation. Spicewood does seem to be experiencing an influx of affluent people, because the median household income is $114,301.00.
Spicewood home prices are not only among the most expensive in Texas, but Spicewood real estate also consistently ranks among the most expensive in America.
Also of interest is that Spicewood 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 Spicewood telecommute to their jobs. Overall, about 30.85% 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, Spicewood is a great place for families with children to consider. First of all, many other families with children live here, making Spicewood 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 town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Spicewood has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Spicewood’s overall crime rate is lower than average for the country.
Residents will find that the town is relatively quiet. This is because it is not over-populated, and it has fewer college students, renters, and young children - all of whom can be noisy at times. So, if you're looking for a relatively peaceful place to live, Spicewood is worth considering.
One downside of living in Spicewood is that it can take a long time to commute to work. In Spicewood, the average commute to work is 35.43 minutes, which is quite a bit higher than the national average.
Being a small town, Spicewood does not have a public transit system used by locals to get to and from work.
Spicewood is one of the most well-educated cities in the nation. 49.28% of adults in Spicewood have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher.
The per capita income in Spicewood in 2022 was $67,886, which is wealthy relative to Texas and the nation. This equates to an annual income of $271,544 for a family of four. However, Spicewood contains both very wealthy and poor people as well.
Spicewood is a very ethnically-diverse town. The people who call Spicewood home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Spicewood residents report their race to be White, followed by Black or African-American. Spicewood also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 16.30% of the town’s residents. Important ancestries of people in Spicewood include English, German, Irish, Scottish, and European.
The most common language spoken in Spicewood is English. Other important languages spoken here include Spanish and Polish.