Census data: Lakeway household income measure up 21% since 2014

picture of city of Lakeway logo
Household median income is rising in the city of Lakeway. (Community Impact Staff)

Household median income is rising in the city of Lakeway. (Community Impact Staff)

The city of Lakeway is quickly becoming an affluent area of Texas. The median household income for the city surged 21.23% in the past five years to $132,899 in 2019, according to U.S. Census Bureau’s estimates released earlier this month.

That is more than double the median income for Texans overall. The 2019 median household income for Texas sits at $61,874.

The population of Lakeway also grew a healthy 19.11% in the same time period as the median age of city residents of 48.4 remains firmly within the prime employment years of men and women in the U.S. Prime employment years, as defined by the U.S. Bureau of Labor Statistics, are between the ages of 25 and 54.

Also notable, is Lakeway’s growing reputation as a place to raise a family. A fact Lakeway city planners and citizens became well aware while writing Lakeway’s comprehensive plan, which was finalized in March of this year, said Lakeway Mayor Sandy Cox.

“We were pretty much a retirement community as recently as the mid-2000s,” Cox said. “And we’ve had a lot more of that young family come in.”

It should come as no surprise that there is high demand to live in Lakeway, given the city’s close proximity to Austin and the rolling views of the Texas Hill Country, Cox said. But also driving the income growth within the city is the type of homes being built.


“We have a lot of green space; we have resort-style living; so it commands a definite price point of house and income,” she said.

2019 Local demographics in Lakeway

The U.S. Census Bureau’s data indicates the median age in Lakeway is about 48.4 years old. The largest age group is 40- to 59-year-olds.

0-19: 3,489 23.05%

20-39: 2,100 13.87%

40-59: 4,932 32.58%

60-79: 4,025 26.59%

80+: 592 3.91%

Hispanic/Latino is not a race, but the Hispanic/Latino percentage below may include multiple races listed. The races listed, however, do not include Hispanic/Latino residents.

White: 91.4%

Black or African American: 2.6%

Asian: 2.8%

American Indian or Alaska Native: 0.1%

Native Hawaiian or other Pacific Islander: 0%

Some other race: 0.5%

Two or more races: 2.7%

(of any race) Hispanic or Latino: 9.2%

*Census data may not add up to 100% due to rounding

Education

According to U.S. Census data, the percent of Lakeway residents who have achieved the following:

High school diploma or higher 99.3%

Bachelor’s degree or higher 69.3%
By Greg Perliski

Editor, Lake Travis/Westlake & Northwest Austin

Greg joined Community Impact as an editor in November 2020. In the communities he covers, Greg reports on local government, transportation, real estate development and business. He has written for newspapers, online publications and corporate communications teams. Greg earned a journalism degree from the University of Texas at Austin.



MOST RECENT

Body20 is now open in the Hill Country Galleria. (Courtesy Giant Noise Public Relations)
New tech-focused fitness studio opens in the Hill Country Galleria

The studio offer tech-enhanced workouts using electro-muscle stimulation suits.

Santa meets with children at the city of Lakeway's previous Lights On! event. (Courtesy city of Lakeway)
Holiday events happening this weekend in Lake Travis-Westlake

The city of Lakeway and Bee Cave Chamber of Commerce are putting on two holiday events in Lake Travis-Westlake on Dec. 4.

Consuelo Mendez Middle School has consistently received poor ratings from the Texas Education Agency. (Community Impact Newspaper)
CI TEXAS ROUNDUP: State could take over AISD school board if poorly-rated campus does not improve; new furniture store to open in McKinney and more top news

Take a look at the top five trending stories across Community Impact Newspaper’s coverage areas in Texas as of Dec. 3.

Derrick Chubbs is leaving Austin for a food bank in Florida. (Courtsey Central Texas Food Bank)
Central Texas Food Bank CEO Derrick Chubbs steps down

Derrick Chubbs is leaving Austin for a food bank in Florida.

Police Chief Glen Koen meets with members of the community at the Lakeway Police Department meet and greet event on Dec. 2. (Grace Dickens/Community Impact Newspaper)
Lakeway Police Department welcomes chief with meet and greet

Lakeway community members met with new police Chief Glen Koen on Nov. 2.

Santa Claus visits with two festival attendees at Westlake Wonderfest. (Courtesy of Westlake Chamber of Commerce)
Westlake Wonderfest holiday event coming Dec. 5

Families can head to West Lake Hills this weekend to enjoy Westlake Wonderfest for free.

Consuelo Mendez Middle School has consistently received poor ratings from the Texas Education Agency. (Community Impact Newspaper)
State could take over AISD school board if poorly rated campus does not improve next year

If the school does receive an improved rating, the state's commissioner of education could replace every member of Austin ISD's school board.

Austin ISD trustee Noelita Lugo argues for breaking down student achievement measures by race in the district's 2021-2026 scorecard, rather than examining only economically disadvantaged students without racial groups. (Maggie Quinlan/Community Impact Newspaper)
Austin ISD considers how to measure equity gaps in academic achievement

Austin ISD trustees are continuing to work out details of the 2021-2026 district scorecard, which measures progress on equity goals.

Austin City Council made changes to arts and library funding among other decisions Dec. 2. (Maggie Quinlan/Community Impact Newspaper)
Austin City Hall notebook: Arts community, homeless health care program get funding, plus other actions

City Council approved more than 50 items Dec. 2, changing the Office of Civil Rights, doling out funding and more.

Council Member Greg Casar speaks at a press conference outside City Hall ahead of a vote to approve an ordinance granting the Austin Office of Civil Rights enforcement power. (Maggie Quinlan/Community Impact Newspaper)
Austin Office of Civil Rights granted new powers

An ordinance passed by Austin City Council on Dec. 2 creates additional civil and criminal penalties for discrimination.

The school board will consider whether to call a special election to fill the vacancy or make an appointment. (Zara Flores/Community Impact Newspaper)
CI TEXAS ROUNDUP: Hays CISD to hold special meeting on resignation of board member; Montgomery approves plan for downtown and more top news

Take a look at the top five trending stories across Community Impact Newspaper’s coverage areas in Texas as of Dec. 2.