Lakeway, TX

Census Place

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2023 Population

19,130

1.57% 1-year growth

US Senator

John Cornyn

Republican Party

US Senator

Ted Cruz

Republican Party

2023 Median Age

50.3

0.199% 1-year increase

2023 Poverty Rate

2.87%

2.82% 1-year decrease

2023 Median Household Income

$164,978

7.05% 1-year growth

2023 Median Property Value

$695,400

9.22% 1-year growth

2023 Employed Population

8,328

2.38% 1-year decline

About

In 2023, Lakeway, TX had a population of 19.1k people with a median age of 50.3 and a median household income of $164,978. Between 2022 and 2023 the population of Lakeway, TX grew from 18,835 to 19,130, a 1.57% increase and its median household income grew from $154,118 to $164,978, a 7.05% increase.

The 5 largest ethnic groups in Lakeway, TX are White (Non-Hispanic) (79.1%), Asian (Non-Hispanic) (7%), Two+ (Hispanic) (4.51%), Two+ (Non-Hispanic) (3.26%), and White (Hispanic) (2.58%).

None of the households in Lakeway, TX reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

97.2% of the residents in Lakeway, TX are U.S. citizens.

In 2023, the median property value in Lakeway, TX was $695,400, and the homeownership rate was 85.7%.

Most people in Lakeway, TX drove alone to work, and the average commute time was 27.9 minutes. The average car ownership in Lakeway, TX was 2 cars per household.

United States Texas Travis County, TX Austin-Round Rock, TX Travis County (West, South & Outside Austin City) PUMA, TX

Population & Diversity

Lakeway, TX is home to a population of 19.1k people, from which 97.2% are citizens. As of 2023, 8.49% of Lakeway, TX residents were born outside of the country (1.62k people).

In 2023, there were 11.3 times more White (Non-Hispanic) residents (15.1k people) in Lakeway, TX than any other race or ethnicity. There were 1.34k Asian (Non-Hispanic) and 862 Two+ (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

97.2%

2023 Citizenship

97.7%

2022 Citizenship

As of 2023, 97.2% of Lakeway, TX residents were US citizens, which is higher than the national average of 93.4%. In 2022, the percentage of US citizens in Lakeway, TX was 97.7%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Lakeway, TX compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Lakeway, TX

White (Non-Hispanic)
15.1k ± 829
Asian (Non-Hispanic)
1.34k ± 430
Two+ (Hispanic)
862 ± 365

8.9%

Hispanic Population

1.7k people

8.9% of the people in Lakeway, TX are hispanic (1.7k people).

The following chart shows the 7 races represented in Lakeway, TX as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Texas.

Most Common Origin

Mexico
2,430,315 ± 36,649 people
India
305,649 ± 13,502 people
El Salvador
224,600 ± 11,591 people

In 2022, the most common birthplace for the foreign-born residents of Texas was Mexico, the natal country of 2,430,315 Texas residents, followed by India with 305,649 and El Salvador with 224,600.

Foreign-Born Population

8.49%

2023 Foreign-Born Population

1.62k people

7.56%

2022 Foreign-Born Population

1.42k people

As of 2023, 8.49% of Lakeway, TX residents (1.62k people) were born outside of the United States, which is lower than the national average of 13.8%. In 2022, the percentage of foreign-born citizens in Lakeway, TX was 7.56%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Lakeway, TX compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
445 ± 169
Gulf War (1990s)
167 ± 124
Gulf War (2001-)
63 ± 53

Lakeway, TX has a large population of military personnel who served in Vietnam, 2.66 times greater than any other conflict.

Economy

The economy of Lakeway, TX employs 8.33k people. The largest industries in Lakeway, TX are Professional, Scientific, & Technical Services (1,871 people), Manufacturing (975 people), and Health Care & Social Assistance (827 people), and the highest paying industries are Finance & Insurance ($189,053), Mining, Quarrying, & Oil & Gas Extraction ($167,813), and Information ($160,625).

Males in Texas have an average income that is 1.38 times higher than the average income of females, which is $58,213. The income inequality in Texas (measured using the Gini index) is 0.476, which is lower than than the national average.

Employment

Occupations

8.33k

2023 Value

± 775

−2.38%

1 Year decline

± 12.9%

From 2022 to 2023, employment in Lakeway, TX declined at a rate of −2.38%, from 8.53k employees to 8.33k employees.

The most common job groups, by number of people living in Lakeway, TX, are Management Occupations (2,213 people), Sales & Related Occupations (1,340 people), and Business & Financial Operations Occupations (1,032 people). This chart illustrates the share breakdown of the primary jobs held by residents of Lakeway, TX.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for false.

This chart shows weekly unemployment insurance claims in Texas (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

8.33k

2023 Value

± 775

−2.38%

1 Year decline

± 12.9%

From 2022 to 2023, employment in Lakeway, TX declined at a rate of −2.38%, from 8.53k employees to 8.33k employees.

The most common employment sectors for those who live in Lakeway, TX, are Professional, Scientific, & Technical Services (1,871 people), Manufacturing (975 people), and Health Care & Social Assistance (827 people). This chart shows the share breakdown of the primary industries for residents of Lakeway, TX, though some of these residents may live in Lakeway, TX and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$148,667

Median earning men ± $26,102

$72,320

Median earning women ± $18,898

The industries with the best median earnings for men in 2023 are Finance & Insurance, & Real Estate & Rental & Leasing ($218,172), Professional, Scientific, & Management, & Administrative & Waste Management Services ($178,500), and Information ($161,406).

The industries with the best median earnings for women in 2023 are Information ($142,188), Professional, Scientific, & Management, & Administrative & Waste Management Services ($109,842), and Manufacturing ($100,677).

Employment by Industry Sector

Data is only available at the state level. Showing data for Texas.

Y-Axis

4.59%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 13.8M people employed in Texas. This represents a 4.59% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 9.63%.

The following chart shows monthly employment numbers for each industry sector in Texas.

Civics

In the 2024 presidential election, the popular vote in Texas went to Donald J. Trump with 56.1% of the vote. The runner-up was Kamala Harris (42.5%), followed by Jill Stein (0.726%).

John Cornyn and Ted Cruz are the senators currently representing the state of Texas. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

Texas is currently represented by 38 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

Presidential Elections

Presidential Popular Vote Over Time

Voting results are not available for Lakeway, TX. Showing the available data for Texas.

2024 Election Results

Donald J. Trump (56.1%)
Republican Party
Kamala Harris (42.5%)
Democratic Party
Jill Stein (0.726%)
Green Party

In the 2024 presidential election, the popular vote in Texas went to Donald J. Trump with 56.1% of the vote. The runner-up was Kamala Harris (42.5%), followed by Jill Stein (0.726%).

The following chart shows the popular vote results in Texas for each registered party from 1976 to 2024.

Senator Elections

US Senators from Texas

Senatorial voting results are only available at the state level. Showing data for Texas.

John Cornyn

Senator from Texas

Assumed office on December 2, 2002
Phil Gramm resigned (effective November 30, 2002) a few weeks before the expiration of his term in hopes that his successor, fellow Republican John Cornyn, could gain seniority over other newly elected senators. However, Cornyn did not gain additional seniority due to a 1980 Rules Committee policy.

Ted Cruz

Senator from Texas

Assumed office on January 3, 2013

John Cornyn and Ted Cruz are the senators currently representing Texas.

In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

The following chart shows elected senators in Texas over time, excluding special elections, colored by their political party.

US Representative Elections

US Representatives from Texas

Texas is currently represented by 38 members in the U.S. house.

Members of the House of Representives are elected to 2-year terms, and the following chart shows the how the members for Texas have changed over time starting in 2008.

Education

Completions

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Working Population

Educational Pyramid

Data is only available at the state level. Showing data for Texas.

Measure

In 2022, 1.59% of men over 25 years of age had not completed any academic degree (no schooling), while 1.53% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

Educational Attainment

Data is only available at the state level. Showing data for Texas.

Race

The most common educational levels obtained by the working population in 2022 were High School or Equivalent (5.7M), Some college (4.97M), and Bachelors Degree (4.2M).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

Housing & Living

The median property value in Lakeway, TX was $695,400 in 2023, which is 2.29 times larger than the national average of $303,400. Between 2022 and 2023 the median property value increased from $636,700 to $695,400, a 9.22% increase. The homeownership rate in Lakeway, TX is 85.7%, which is approximately the same as the national average of 65%.

People in Lakeway, TX have an average commute time of 27.9 minutes, and they drove alone to work. Car ownership in Lakeway, TX is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$695,400

Median Property Value 2023

±$33,096

$6,826

Median Property Taxes

±$541

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Lakeway, TX the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Lakeway, TX compared to it's parent and neighbor geographies.

Rent vs Own

85.7%

Homeownership

2023

64.1%

Homeowners with Mortgage

2023

In 2023, 85.7% of the housing units in Lakeway, TX were occupied by their owner. This percentage grew from the previous year's rate of 83.8%.

This chart shows the percentage of owner in Lakeway, TX compared it's parent and neighboring geographies.

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.

Race/Ethnicity

The following map shows all of the places in Lakeway, TX colored by their Median Household Income (Total).

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$164,978

Median Household Income

± $19,876

7.97k

Number of Households

± 662

In 2023, the median household income of the 7.97k households in Lakeway, TX grew to $164,978 from the previous year's value of $154,118.

The following chart displays the households in Lakeway, TX distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

Wage Distribution

The closest comparable wage GINI for Lakeway, TX is from Texas.

0.476

2022 Wage GINI in Texas

0.476

2021 Wage GINI in Texas

In 2022, the income inequality in Texas was 0.476 according to the GINI calculation of the wage distribution. Income inequality had a 0.0231% decline from 2021 to 2022, which means that wage distribution grew somewhat more even. The GINI for Texas was lower than than the national average of 0.478. In other words, wages are distributed more evenly in Texas in comparison to the national average.

This chart shows the number of workers in Texas across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2023

Drove Alone (50.6%)
Worked At Home (44.4%)
Carpooled (2.39%)

In 2023, 50.6% of workers in Lakeway, TX drove alone to work, followed by those who worked at home (44.4%) and those who carpooled to work (2.39%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

27.9 minutes

Average Travel Time

Using averages, employees in Lakeway, TX have a longer commute time (27.9 minutes) than the normal US worker (26.6 minutes). Additionally, 2.29% of the workforce in Lakeway, TX have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Lakeway, TX compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Lakeway, TX distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Lakeway, TX have 2 cars.

Poverty

Poverty & Diversity

2.87% of the population for whom poverty status is determined in Lakeway, TX (544 out of 19k people) live below the poverty line, a number that is lower than the national average of 12.4%. The largest demographic living in poverty are Females 55 - 64, followed by Males 55 - 64 and then Females 35 - 44.

The most common racial or ethnic group living below the poverty line in Lakeway, TX is White, followed by Asian and Two Or More.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals
Florida
4,915 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798. New York has the second highest (5,087), followed by Florida (4,915).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

Health

96.4% of the population of Lakeway, TX has health coverage, with 58.5% on employee plans, 1.95% on Medicaid, 18.1% on Medicare, 17.5% on non-group plans, and 0.358% on military or VA plans.

Primary care physicians in Travis County, TX see 1170 patients per year on average, which represents a 2.81% increase from the previous year (1138 patients). Compare this to dentists who see 1343 patients per year, and mental health providers who see 291 patients per year.

Coverage

Patient to Clinician Ratios

Data is only available at the country level. Showing data for Travis County, TX.

1,170 to 1

Patient to Primary Care Physician Ratio in Travis County, TX

Primary care physicians in Travis County, TX see an average of 1,170 patients per year. This represents a 2.81% increase from the previous year (1,138 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Travis County, TX in comparison to its neighboring geographies.

Health Care Diversity

In 2023, insured persons according to age ranges were distributed in 23.6% under 18 years, 7.05% between 18 and 34 years, 45.5% between 35 and 64 years, and 23.9% over 64 years.

By gender, of the total number of insured persons, 47.9% were men and 52.1% were women.

The following chart shows the number of people with health coverage by gender.

Uninsured People

3.6%

Uninsured

58.5%

Employer Coverage

1.95%

Medicaid

18.1%

Medicare

17.5%

Non-Group

0.358%

Military or VA

Between 2022 and 2023, the percent of uninsured citizens in Lakeway, TX grew by 8.19% from 3.33% to 3.6%.

The following chart shows how the percent of uninsured individuals in Lakeway, TX changed over time compared with the percent of individuals enrolled in various types of health insurance.

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