Lakeway, TX
Population 19,130 · Texas
About Lakeway, TX
Lakeway is a mid-sized city in Texas with a population of 19,130 residents. The median household income is $164,978 per year, which is above the national average. The median age in Lakeway is 50.3 years.
Housing in Lakeway has a median home value of $695,400 and median monthly rent of $3,123. Of the 8,875 total housing units, the majority are owner-occupied, with 6,826 owner-occupied and 1,139 renter-occupied units.
The unemployment rate in Lakeway is 3.3% and the poverty rate is 2.9%. 73.7% of residents hold a bachelor's degree or higher. The average commute time is 27.9 minutes.
How Lakeway Ranks in Texas
Cost of Living in Lakeway, TX
Compared to national averages, Lakeway has a median household income of $164,978 (120% above the national median of $75,149). Home values average $695,400, which is 184% above the national median. Monthly rent at $3,123 is 169% above the US average of $1,163. Within Texas, Lakeway's income is 127% above the state average of $72,726, and home values are 228% above the state median of $211,769.
Why Live in Lakeway, TX?
Lakeway offers a strong local economy with a median household income of $164,978, well above the national average, and a strong job market with an unemployment rate of just 3.3%, and a well-educated community where 73.7% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $695,400. However, Lakeway’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lakeway has a population of 19,130 with a median age of 50.3 years. Compare Lakeway with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Lakeway
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cinco Ranch | 19,139 | $157,395 | $459,500 | Compare |
| Orange | 19,178 | $60,183 | $147,200 | Compare |
| Alton | 19,205 | $48,777 | $126,600 | Compare |
| Terrell | 19,019 | $63,795 | $190,000 | Compare |
| Crowley | 19,007 | $92,599 | $241,500 | Compare |
| Seagoville | 18,968 | $68,020 | $221,300 | Compare |
| Palestine | 18,888 | $46,228 | $153,400 | Compare |
| La Marque | 18,833 | $70,632 | $189,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lakeway
What is the population of Lakeway, TX?
The population of Lakeway, TX is 19,130 according to the latest Census data.
What is the median household income in Lakeway?
The median household income in Lakeway, TX is $164,978 per year.
What is the median home value in Lakeway?
The median home value in Lakeway, TX is $695,400.
What is the average rent in Lakeway?
The median monthly rent in Lakeway, TX is $3,123.
What is the unemployment rate in Lakeway?
The unemployment rate in Lakeway, TX is 3.3%.