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.Lakeway is a decidedly white-collar city, with fully 96.14% of the workforce employed in white-collar jobs, well above the national average. Overall, Lakeway is a city of managers, professionals, and sales and office workers. There are especially a lot of people living in Lakeway who work in management occupations (26.83%), sales jobs (15.18%), and business and financial occupations (12.98%). 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. Telecommuters are a relatively large percentage of the workforce: 39.74% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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 people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel. Lakeway is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Lakeway’s overall crime rate is lower than average for the country. 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. 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.
