Lakeway, Texas Demographics & Population 2026
During the 2020–2024 ACS period, Lakeway, Texas had a total population of 19,307, the 168th largest city in Texas, with a median household income of $190,060, which is 142% higher than the state average. The poverty rate is 2.5%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 142% above the state average — one of the wealthiest communities in Texas.
- An exceptionally low poverty rate of 2.5% — among the lowest in Texas.
- 74.0% of adults hold a bachelor's degree or higher — top 10% in Texas.
Lakeway Quick Facts
How Lakeway Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 19,130 | 19,307 | +0.9% |
| Median household income | $164,978 | $190,060 | +15.2% |
| Median home value | $695,400 | $841,300 | +21.0% |
How Lakeway Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 67 | National average: 61
Education
Educational Attainment (Adults 25+)
Lakeway Rankings in Texas
Explore Texas Rankings
Other Cities in Travis County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Austin | 979,539 | $93,658 | 12.0% | $555,300 |
| Round Rock | 127,786 | $99,287 | 7.8% | $418,600 |
| Cedar Park | 78,301 | $129,545 | 5.9% | $513,600 |
| Leander | 74,067 | $139,048 | 5.8% | $506,200 |
| Pflugerville | 65,971 | $117,799 | 6.1% | $402,400 |
| Steiner Ranch | 18,619 | $190,523 | 2.4% | $826,500 |
| Manor | 18,603 | $84,529 | 9.8% | $347,900 |
| Wells Branch | 13,523 | $66,656 | 12.9% | $401,100 |
| Hornsby Bend | 12,367 | $89,614 | 15.0% | $314,900 |
| Elgin | 11,563 | $91,114 | 5.3% | $326,400 |
Cities Similar to Lakeway
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Steiner Ranch | 18,619 | $190,523 | $826,500 | 73.7% | 2.4% |
| Cinco Ranch | 18,611 | $161,972 | $475,600 | 71.2% | 7.3% |
| Murphy | 21,188 | $175,699 | $555,500 | 62.1% | 3.0% |
| Brushy Creek | 19,576 | $138,589 | $499,300 | 57.9% | 5.5% |
| Melissa | 20,136 | $138,763 | $454,000 | 52.6% | 1.9% |
Population Overview
Lakeway is a small city located in Texas, within Travis County. The total population is 19,307. It ranks as the 168th most populous out of 1,795 Census-designated places in Texas.
Age Demographics
The median age in Lakeway is 49.8 years. This is 40% higher than the state median of 35.6 years.
Economy, Income & Housing
The median household income in Lakeway is $190,060. This is 142% higher than the state median of $78,476. It is also 135% higher than the national median of $80,734. The poverty rate stands at 2.5%. This is 82% 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 3.5%. This is 33% lower than the state rate of 5.3%. The median home value is $841,300. Housing costs are 196% higher than the state median of $283,800. The home-value-to-income ratio is 4.4x. 86.3% of occupied housing units are owner-occupied. This homeownership rate is 38% higher than the state average of 62.6%.
Race & Ethnicity
The largest racial or ethnic group in Lakeway is White (non-Hispanic), making up 77.1% of the population. Hispanic or Latino residents account for 10.8%. The White (non-Hispanic) population is significantly higher than the state average (77.1% vs 39.1%). The Black or African American population (1.5%) is well below the state average of 11.9%. The Hispanic or Latino population (10.8%) is well below the state average of 39.7%.
Education
74.0% of residents aged 25 and older hold a bachelor's degree or higher. This places Lakeway in the top 10% of all cities in the state for educational attainment. This is 119% higher than the state rate of 33.8%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 99.0%. Notably, 25.1% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Lakeway, Texas is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Texas state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,795 Census-designated places in Texas. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Lakeway, Texas?
Lakeway, Texas has a population of 19,307 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lakeway, TX?
The median household income in Lakeway is $190,060, which is 135% higher than the national median of $80,734.
What is the poverty rate in Lakeway, TX?
The poverty rate in Lakeway is 2.5%. This means approximately 474 residents live below the federal poverty line.
What is the racial makeup of Lakeway, Texas?
Lakeway's population is 77.1% White, 1.5% Black, 10.8% Hispanic/Latino, and 6.1% Asian.
What is the median home value in Lakeway, TX?
The median home value in Lakeway is $841,300. The home-value-to-income ratio is 4.4x.
How educated is Lakeway, Texas?
74.0% of adults (25+) in Lakeway hold a bachelor's degree or higher, and 25.1% hold a graduate or professional degree.