Spicewood is a medium-sized town located in the state of Texas. With a population of 11,490 people and four associated neighborhoods, Spicewood is the 244th largest community in Texas. Spicewood has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Spicewood, where the median household income is $106,766.00.
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 27.22% 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.
Spicewood 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 town’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, 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, however, is that residents on average have to contend with a long commute, spending on average 34.42 minutes every day commuting to work.
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. 45.05% 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 $63,525, which is wealthy relative to Texas and the nation. This equates to an annual income of $254,100 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 15.72% of the town’s residents. Important ancestries of people in Spicewood include English, German, Irish, European, and Scottish.
The most common language spoken in Spicewood is English. Other important languages spoken here include Spanish and Polish.