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CITY · 2020 ACS

Lakeway

Texas · 19,189 residents · 12.867 sq mi
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The short version

Lakeway is significantly wealthier than the US average, with a median household income of $134,461. The city has more than doubled in size since 2000, adding 11,187 residents. 69% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value has more than doubled since 2000, reaching $481,900. With a median age of 48.1, the population is older than the US median of 38.8. Households here earn about 111% more than the Texas median.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 48.1
US median: 38.8
More educated
69% hold a bachelor's degree
US average: 33%
Less affordable
home values up 42%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
19,189
+140%since 2000
from 8,002 in 2000
1990 – 2025
Population density
1,491 / sq mi
+140%since 2000
from 622 / sq mi in 2000
US average: 280
Median age
48.1
+13%since 2000
from 42.6 in 2000
US average: 38.8
Population, 1990 – 2024
3K7K12K16K21K1990201020202024Lakeway
202419K
1990201020202024
Section 02

Income & economy

Median household income
$134,461
+3%inflation adjusted, since 2000
from $86,862 in 2000
US average: $66,278
1990 – 2024
Per capita income
$72,435
+58%since 2000
from $45,765 in 2000
US average: $35,364
Households earning $100K+
74.3%
+12.1 ptssince 2009
from 62.2% in 2009
US average: 43.9%
Poverty rate
3.5%
+0.4 ptssince 2000
from 3.1% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade11.4%
US avg: 10%
Other services10.1%
US avg: 6.6%
Information6.2%
US avg: 11.1%
Public administration5.8%
US avg: 4.7%
Finance & insurance4.9%
US avg: 5.5%
Wholesale trade4.4%
US avg: 6.7%
Professional, scientific, technical2.6%
US avg: 4.7%
Transportation & warehousing2.4%
US avg: 2.5%
Education & health services2.3%
US avg: 0.8%
Arts, entertainment, food1.8%
US avg: 2%
Agriculture, forestry, fishing0.3%
US avg: 1.7%
Construction0.2%
US avg: 1.2%
Manufacturing0.1%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$481,900
+42%inflation adjusted, since 2000
from $226,500 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$2,153
+21%inflation adjusted, since 2000
from $1,182 in 2000
US average: $1,124
Owner-occupied
80.9%
−0.9 ptssince 2000
from 81.8% in 2000
19.1% rent
Afford Score
3.6
+37%since 2000
from 2.6 in 2000
1990 – 2024
RELATED:See current rent listings in Lakeway on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic93.3%(7,469)
Black0.8%(62)
Hispanic / Latino4.2%(337)
Asian0.8%(68)
Other0%
Diversity Score14%(1,123)
2020
White, non-Hispanic78.4%(15,047)
Black1.3%(258)
Hispanic / Latino10.3%(1,970)
Asian5.1%(972)
Other2.6%(508)
Diversity Score42.7%(8,195)
Diversity Score
43
+204%since 2000
from 14 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
69.4%
+12.9 ptssince 2000
from 56.6% in 2000
US average: 32.9%
High school or higher
99.2%
+1.4 ptssince 2000
from 97.8% in 2000
US average: 88.5%
Graduate degree
22.8%
+3.8 ptssince 2000
from 19.1% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
31.5 min
+39%since 2000
from 22.6 min in 2000
US average: 26.9
Drive alone to work
64.7%
−12.9 ptssince 2009
from 77.6% in 2009
US average: 75.1%
No vehicle available
2.1%
−0.9 ptssince 2009
from 3.0% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
2.7%
−1.7 ptssince 2011
from 4.4% in 2011
US average: 5.4%
Labor force participation
58.1%
−2.4 ptssince 2011
from 60.5% in 2011
US average: 63.4%
Management & professional
66.0%
−11.1 ptssince 2009
from 77.1% in 2009
US average: 39.3%
Section 08

People & community

Male
48.4%
+1.0 ptssince 2009
from 47.5% in 2009
Female
51.6%
−1.0 ptssince 2009
from 52.5% in 2009
Foreign born
7.3%
+3.2 ptssince 2009
from 4.1% in 2009
US average: 13.5%
Uninsured
2.3%
−94.7 ptssince 2013
from 97.0% in 2013
US average: 8.8%
Drill deeper

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Compare Lakeway to nearby cities

LAKEWAY VS
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Income$111,172−17%
Home value$776,400+61%
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LAKEWAY VS
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Income$190,523+42%
Home value$826,500+72%
Population18,619−2%
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LAKEWAY VS
Lago Vista
Income$113,457−16%
Home value$420,000−13%
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LAKEWAY VS
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Income$109,364−19%
Home value$635,600+32%
Population11,167−41%
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Frequently asked

How many people live in Lakeway, Texas?

Lakeway, Texas has about 19,189 residents according to the 2020 American Community Survey.

What is the median household income in Lakeway, Texas?

The typical household in Lakeway, Texas earns about $134,461 a year. Half of households make more than that, and half make less.

Is Lakeway, Texas expensive?

In Lakeway, Texas, the median home is worth about $481,900, and the typical rent is about $2,153 a month.

How educated are people in Lakeway, Texas?

About 69.4% of adults age 25 and over in Lakeway, Texas hold a bachelor's degree or higher.

What is the poverty rate in Lakeway, Texas?

About 3.5% of people in Lakeway, Texas live below the federal poverty line.

Has Lakeway, Texas grown since 1990?

Yes, Lakeway, Texas has grown since 1990. The population has added about 15,133 residents, a change of about 373 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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