Lakeway city, Texas Demographics & Population 2026

Population Overview

Lakeway city is a small city located in Texas. The total population is 19,130. It ranks as the 165th most populous out of 1,800 cities and towns in Texas.

Age Demographics

The median age in Lakeway city is 50.3 years. This is 42% higher than the state median of 35.5 years.

Economy, Income & Housing

The median household income in Lakeway city is $164,978. This is 116% higher than the state median of $76,292. Compared to the national median of $78,538, household income here is 110% higher. The poverty rate stands at 2.9%. This is 79% lower than the state poverty rate of 13.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 3.3%. This is 35% lower than the state rate of 5.1%. The median home value is $695,400. Housing costs are 167% higher than the state median of $260,400. The home-value-to-income ratio is 4.2x. 85.7% of occupied housing units are owner-occupied. This homeownership rate is 37% higher than the state average of 62.6%.

Race & Ethnicity

The largest racial or ethnic group in Lakeway city is White (non-Hispanic), making up 79.0% of the population. Hispanic or Latino residents account for 8.9%. The White (non-Hispanic) population is significantly higher than the state average (79.0% vs 39.9%). The Black or African American population (1.1%) is well below the state average of 11.9%. The Hispanic or Latino population (8.9%) is well below the state average of 39.5%.

Education

73.7% of residents aged 25 and older hold a bachelor's degree or higher. This places Lakeway city in the top 10% of all cities in the state for educational attainment. This is 123% higher than the state rate of 33.1%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 99.1%. Notably, 25.8% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Lakeway city, Texas is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Texas state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,800 Census-designated places in Texas. For official data, visit data.census.gov.