Population 19,092 · Census ACS 2020–24
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Population and households in Lakeway
Household size in Lakeway
| Period | Lakeway | Austin area | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.47 | 2.69 | 2.87 | 2.68 |
| 2010–14 | 2.57 | 2.79 | 2.93 | 2.73 |
| 2015–19 | 2.52 | 2.83 | 2.95 | 2.71 |
| 2020–24 | 2.53 | 2.55 | 2.83 | 2.65 |
| Change | +0.07 | −0.14 | −0.05 | −0.03 |
The average household in Lakeway has 2.53 people, a bit under the U.S. average of 2.65. Household size has crept up from 2.47 in 2006–10, even as the national average fell. Households are largest in the west and smallest in the south.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Lakeway
| Period | Lakeway | Austin area | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 44.8 | 34.0 | 34.7 | 37.7 |
| 2010–14 | 46.0 | 35.2 | 35.4 | 38.6 |
| 2015–19 | 47.6 | 36.3 | 36.1 | 39.6 |
| 2020–24 | 48.8 | 37.2 | 36.7 | 40.1 |
| Change | +4.0 | +3.3 | +2.0 | +2.3 |
Lakeway skews older: half of its residents are older than 48.8, well above the national median of 40.1. That usually means more empty nesters and retirees, and fewer young families. The median age has climbed from 44.8 in 2006–10, as it has nationally. Only 14 of the 545 Texas cities with 5,000+ people are older.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Lakeway
| Period | Lakeway | Austin area | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 4.2% | 11.8% | 13.7% | 12.3% |
| 2010–14 | 4.3% | 11.2% | 13.7% | 12.3% |
| 2015–19 | 7.1% | 9.8% | 13.1% | 11.6% |
| 2020–24 | 7.8% | 9.7% | 12.9% | 11.6% |
| Change | +3.6 pts | −2.2 pts | −0.8 pts | −0.6 pts |
Single parents head only 7.8% of households in Lakeway, well below the national share of 11.6%. The single-parent share is up 3.6 points from 2006–10, even as the national share fell. Lakeway has a lower share of single-parent households than the great majority of Texas cities.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Lakeway
Renters in Lakeway
| Period | Lakeway | Austin area | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 16.7% | 40.7% | 35.2% | 33.3% |
| 2010–14 | 17.6% | 42.1% | 37.3% | 35.6% |
| 2015–19 | 17.7% | 41.8% | 38.0% | 36.0% |
| 2020–24 | 15.5% | 41.7% | 37.4% | 34.8% |
| Change | −1.3 pts | +1.0 pts | +2.3 pts | +1.5 pts |
Lakeway is largely a place of homeowners: only 15.5% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. Just over three in ten owners (31.4%) have paid off their mortgages, below the national share of 39.8%. Since 2006–10, the renter share has edged down 1.3 points, even as the national share rose.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Lakeway
| Period | Lakeway | Austin area | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 14.3% | 8.8% | 11.8% | 11.4% |
| 2010–14 | 14.0% | 8.5% | 10.9% | 11.4% |
| 2015–19 | 11.5% | 8.3% | 10.9% | 11.1% |
| 2020–24 | 9.2% | 5.9% | 9.4% | 9.6% |
| Change | −5.0 pts | −2.9 pts | −2.4 pts | −1.8 pts |
About as many homes sit empty in Lakeway as nationally: 9.2%, against 9.6%. The rate is higher than in the wider Austin area (5.9%). Vacancy has fallen 5.0 points since 2006–10, as it has nationally.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Lakeway
| Period | Lakeway | Austin area | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 1994 | 1990 | 1983 | 1974 |
| 2010–14 | 1995 | 1992 | 1985 | 1975 |
| 2015–19 | 1997 | 1995 | 1987 | 1977 |
| 2020–24 | 2003 | 2000 | 1992 | 1980 |
| Change | +10 | +10 | +8 | +6 |
Lakeway has newer housing than the country as a whole: the median home was built in 2003, versus 1980 nationally. The median year built has moved up from 1994 in 2006–10, a sign of steady new building. The newest homes are mostly in the southwest, the oldest in the northwest.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Lakeway
| Period | Lakeway | Austin area | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | $1,193 | $1,064 | $921 | $965 |
| 2010–14 | $1,421 | $1,155 | $1,005 | $1,040 |
| 2015–19 | $1,635 | $1,428 | $1,178 | $1,213 |
| 2020–24 | $2,916 | $1,911 | $1,560 | $1,571 |
| Change | +$1,724 | +$847 | +$639 | +$606 |
Rent in Lakeway runs $2,916 a month at the median, utilities included, well above the U.S. median of $1,571. Rent has climbed $1,724 a month since 2006–10, up 145%, faster than rents rose nationally. Rent takes 23.1% of the typical renter's income, comfortably under the 30% mark often used to define affordable rent. The priciest rents are in the west; the most affordable are in the southeast.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Lakeway
Bachelor's degrees in Lakeway
| Period | Lakeway | Austin area | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 56.9% | 38.3% | 27.0% | 28.4% |
| 2010–14 | 59.1% | 40.3% | 27.9% | 29.6% |
| 2015–19 | 66.1% | 44.2% | 30.0% | 32.1% |
| 2020–24 | 73.6% | 50.4% | 34.0% | 35.6% |
| Change | +16.7 pts | +12.1 pts | +7.1 pts | +7.2 pts |
Lakeway is highly educated: about three-quarters of adults 25 and older (73.6%) hold at least a bachelor's degree, far above the national share of 35.6%. The share with a degree is up 16.7 points from 2006–10, in line with the national trend. Only eight of the 545 Texas cities with 5,000+ people have a higher share of college graduates.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Lakeway
| Period | Lakeway | Austin area | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 96.8% | 87.6% | 80.7% | 84.9% |
| 2010–14 | 97.7% | 88.3% | 82.0% | 86.1% |
| 2015–19 | 98.4% | 89.9% | 83.6% | 87.7% |
| 2020–24 | 98.5% | 91.6% | 85.8% | 89.3% |
| Change | +1.7 pts | +4.0 pts | +5.1 pts | +4.3 pts |
Finishing high school is nearly universal in Lakeway: 98.5% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. Since 2006–10, the share with a diploma has risen 1.7 points, mirroring the country. Only 13 of the 545 Texas cities with 5,000+ people have a higher share of high school graduates.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Lakeway
| Period | Lakeway | Austin area | Texas | U.S. |
|---|---|---|---|---|
| 2006–10 | 4.2% | 6.4% | 7.0% | 8.1% |
| 2010–14 | 5.6% | 6.9% | 7.7% | 9.4% |
| 2015–19 | 3.8% | 4.3% | 5.1% | 5.6% |
| 2020–24 | 3.4% | 4.3% | 5.3% | 5.4% |
| Change | −0.8 pts | −2.2 pts | −1.7 pts | −2.7 pts |
Jobs have been easier to find in Lakeway than nationally: unemployment was 3.4%, against 5.4%. Since 2006–10, unemployment has edged down 0.8 points, a smaller shift than nationally. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Lakeway compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Lakeway | 2.53 | 48.8 | 7.8% | 15.5% | 9.2% | 2003 | $2,916 | 73.6% | 98.5% | 3.4% |
| Point Venture | 2.09 | 56.4 | 1.5% | 11.6% | 22.0% | 2003 | $2,250 | 54.1% | 98.0% | 4.5% |
| The Hills | 2.84 | 42.5 | 1.8% | 6.1% | 4.7% | 2013 | $2,228 | 78.0% | 95.6% | 2.2% |
| Bee Cave | 2.21 | 43.5 | 3.1% | 48.5% | 7.4% | 2010 | $2,057 | 66.8% | 99.2% | 3.0% |
| Briarcliff | 2.57 | 44.1 | 9.9% | 11.9% | 16.8% | 2003 | $2,710 | 52.8% | 98.1% | 1.8% |
| Lago Vista | 2.17 | 54.9 | 2.9% | 10.3% | 11.8% | 2002 | $1,617 | 44.9% | 95.9% | 7.2% |
| Marshall Ford | 2.14 | 47.2 | 8.4% | 24.6% | 18.5% | 2002 | $1,540 | 66.9% | 96.9% | 4.0% |
| Volente | 2.38 | 56.3 | 1.9% | 25.7% | 10.2% | 1993 | $1,700 | 45.1% | 93.7% | 5.5% |
| Spicewood | 2.32 | 52.9 | 5.3% | 8.2% | 21.0% | 2003 | $2,177 | 56.6% | 97.3% | 2.8% |
| Jonestown | 2.21 | 52.8 | 3.3% | 5.4% | 6.2% | 2002 | $1,892 | 46.1% | 95.8% | 2.0% |
| Dripping Springs | 2.85 | 40.7 | 10.4% | 12.2% | 4.5% | 2008 | $2,073 | 69.0% | 98.0% | 2.9% |
All figures 2020–24.
Cities with similar populations: Madison, CT · Prineville, OR · Powhatan, VA · Portland, TX · Port Wentworth, GA · Mattoon, IL · Manchester, MO · Malvern, AR · Madisonville, LA · Prospect, KY
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Lakeway. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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