Lakeway is a medium-sized city located in the state of Texas. With a population of 19,189 people and five associated neighborhoods, Lakeway is the 150th largest community in Texas. Lakeway has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Lakeway, where the median household income is $154,118.00.

Lakeway home prices are not only among the most expensive in Texas, but Lakeway real estate also consistently ranks among the most expensive in America.

Also of interest is that Lakeway has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 39.74% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

In addition, Lakeway is home to many people who could be described as "urban sophisticates", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.

Lakeway is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Lakeway’s overall crime rate is lower than average for the country.

As is often the case in a small city, Lakeway doesn't have a public transportation system that people use for their commute.

If knowledge is power, Lakeway is a pretty powerful place. 71.88% of the adults in Lakeway have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in Lakeway in 2022 was $85,011, which is wealthy relative to Texas and the nation. This equates to an annual income of $340,044 for a family of four.

Lakeway is a very ethnically-diverse city. The people who call Lakeway home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lakeway residents report their race to be White, followed by Asian. Lakeway also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 10.42% of the city’s residents. Important ancestries of people in Lakeway include German, English, Irish, European, and Italian.

The most common language spoken in Lakeway is English. Other important languages spoken here include Spanish and Chinese.