The city of Lakeway, Texas is a good place to live thanks to its proximity to Lake Travis and the larger city of Austin. It is actually considered an exurb to Greater Austin. Residents enjoy its proximity to the water which offers an excellent escape from the Texas heat. Lakeway, TX is known as a resort community with greenbelts, trails, marinas, golf courses, a large lake, and a popular hotel and spa.
The city of Lakeway, TX was founded on the site of a ranch that was owned by a Houston oil man and rancher: Jack Josey. In 1962, businessmen from Houston obtained an option to purchase the plot of land. They intended to create a hotel and resort community. Simultaneously the Lakeway Land Company was created, and the development of real estate began. Over a decade later, most of the area’s resident and non-resident property owners voted and Lakeway was incorporated in 1974 – they wanted to incorporate with the consent of Austin. Lakeway was born. Lakeway was named after Gulfmont’s Fairway Motor Hotel in nearby McAllen, Texas. It was named this as it overlooked a golf course fairway.
Thinking about moving to Lakeway? Here’s what you’ll love about this beautiful city!
Where is Lakeway, TX?
Lakeway is in Travis County in the state of Texas. It’s part of the Texas Hill Country, a region outside Austin known for its wineries and outdoor recreation. Lakeway to Austin is 22.3 miles (or about 35 minutes by car). Lakeway is an excellent place to live because it’s a commutable distance to Austin yet offers a quieter vibe and more tightly-knit community than city life would.
Lakeway borders Point Venture and The Colorado River to the north, The Hills to the south, Tres Vitas to the west, and Round Mountain to the east.
Lakeway, TX Population & Demographics
The population of Lakeway, TX is 19,189, which is an increase from the 2010 census which identified 11,391 residents. Lakeway has an annual growth rate of 3.91 and the population density in the city is 1,379.4 people per square mile.
The majority of the Lakeway population is between the ages of 18 and 65. The second largest group of people are 65 years and older (22.8%) followed by people aged 18 and younger (21.6%). 3.1% of Lakeway Texas is under the age of 5.
Most residents of Lakeway identify as female (51.6%) but it’s a pretty equal gender breakdown.
Lakeway’s population is affluent. The median household income in Lakeway was $134,461 in $2020. This is significantly higher than the national median household income the same year which was $67,521.
88.37% of the population in Lakeway is caucasian; 3.96% identify as two or more races, 2.99% are Asian, 2.66% are African American or Black, .24% are Native American, and 1.78% identify as a race not listed.
Lakeway is a safe place to live. It’s safer than 49% of cities in the US. The total crime rate is 12.25 per 1,000 residents, and the majority of these are property crimes (11.46) which is less severe than a violent crime.
The city of Lakeway is serviced by the Lakeway Police Department. There are 35 police officers on the team.
Cost of Living in Lakeway
The Lakeway TX cost of living index is 132.8 or almost 33% above the U.S. average. It’s also higher than the Texas cost of living index of 93.9.
To live comfortably in Lakeway, TX, you would need to make about $77,005 per year to support a family of two children and two adults, according to the Economic Policy Institute. Monthly costs include $956 for housing, $983 for childcare, $1303 for transportation, $1306 for health care, $750 for food.
The median home price in Lakeway is $932,500. The average monthly rent cost in Lakeway is $2,098 according to RentCafe.
Lakeway Typical Monthly Living Expenses
- Lakeway monthly cost of utilities: $155.83
- Fitness club: $45.74
- Gallon of gasoline: $4.21
- Water: $2.26
- Apples (1 lb): $2.07
- Eggs: $3.38
Best Neighborhoods in Lakeway TX
Ahead of moving to Lakeway, you’ll definitely want to explore the best communities to find a neighborhood within your budget with the amenities you’re looking for.
Flintrock Falls – Golf Course Community in Lakeway
Flintrock Falls is one of the most prestigious and desirable Lakeway communities. Homes in the upscale golf course community surround the Flintrock Falls Country Club with homes priced between $700,000 and more than $3 million. Residents enjoy lakefront living in this luxury gated community which was developed in 2002.
The Hills of Lakeway – Central Neighborhood Popular with Families
Enjoy your own secluded retreat just off the shores of Lake Travis at The Hills of Lakeway, also known as Village of the Hills. This established gated community features large homes, mostly built in the 1990s, surrounding the Hills of Lakeway Country Club. Residents enjoy a central location with panoramic views, a neighborhood bike trail, and the best amenities of the city just minutes away.
Bella Montagna – Gated Community with Large Estates Overlooking Lake Travis
Bella Montagna is a desirable private community in Lakeway, TX known for its stunning views of Lake Travis from the hills. You’ll find some moderately priced homes in the community starting in the $500s as well as large estates. The neighborhood was home to the 2005 Parade of Homes but it feels like a much more mature community thanks to its established landscaping and large trees.
Lakeway Weather & Climate
Lakeway is in the southern United States. On average, it gets 34 inches of rain per year, which is under the US average. Generally speaking, it does not snow in Lakeway, TX. The city averages zero inches of snow per year.
Summers in Lakeway, TX are muggy and hot. Winters are windy, chilly, and brief. You can expect it to be partly cloudy year round. The hottest month is August with an average high of 95.5 degrees. The coldest is January with an average temp of 59.2.
Things to Do in Lakeway, TX
Whether you love spending time outdoors or prefer a day of shopping, you will be happy to learn that there are a variety of things to do in Lakeway. Don’t forget to drop by Randalls to grab food; it is a popular grocery store in Lakeway. And, of course, if you’d like to do some shopping, you should stop by The Oaks at Lakeway.
Here’s what to do in Lakeway Texas for families, couples, and retirees.
Live Oak Golf Course
If you’re a golfer, you’ll enjoy spending the day at Live Oak Golf Course, one of the Austin area’s finest places to play a round. This golf course boasts well-kept greens and fairways, plus something for players of every skill level.
510 Lakeway Drive, Lakeway, TX 78734 512-261-7200
A major reason people decide to set down roots in Lakeway is to be close to Lake Travis. If you want to experience everything the lake has to offer firsthand, rent a boat at Lakeway Marina and spend the day enjoying the water.
103 A Lakeway Dr, Lakeway, TX 78734 512-261-7511
High 5 Entertainment
High 5 offers the best of both worlds: a great place to take your kids and a spot to have a night out with your friends, thanks to their Up Top Bar & Lounge located on the second level. Enjoy bowling, arcade and video games, virtual reality, laser tag, and more.
1502 Ranch Rd 620 S, Lakeway, TX 78734 512-710-2695
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In addition to a variety of activities, Lakeway offers a variety of delicious restaurants that are sure to satisfy. Whether you are seeking a romantic night out or a place to grab dinner with your family or are looking for a night out with your significant other, Lakeway’s restaurants are sure to satisfy.
- Sundancer Grill: Want to enjoy a meal with a gorgeous view of Lake Travis? Look no further than this bar and grill. Sundance’s offers patio seating, locally sourced seafood, burgers, and cocktails. 16410 Stewart Rd, Lakeway, TX 78734 512-266-2268
- Thai Spice: Craving Thai food? Thai Spice, conveniently located in The Oaks at Lakeway, offers some of the best in the area. The restaurant features exposed brick and patio seating if you’d like to be outside. 2009 Main St Building A Suite 100, Lakeway, TX 78734
- Mangieri’s Pizza Café: Sometimes you just need some delicious pizza to enjoy. If this is what you’re looking for, try Magieri’s Pizza Cafe for pizza and other delicious Italian food. 2133 Lohmans Crossing Rd, Lakeway, TX 78734 512-263-0188
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Jobs in Lakeway, TX
Because Lakeway is very close to Austin, many people who reside there commute into the larger city for their job. The commute is rather brief and suburban life is appealing for those who want to raise children in a tight-knit community.
However, you don’t need to commute into Austin for work if you don’t want to. Here is a job board so you can learn more about employment opportunities in or around Lakeway itself. You can also find Lakeway, TX jobs with the city.
The average hourly wage in Lakeway is $28.37.
Lakeway TX Schools
For those moving to Lakeway with school-aged children, it’s helpful to learn more about the school system. Children in Lakeway attend the Lake Travis Independent School District. Over 10,000 students are enrolled. The student to teacher ratio is 16:1, which is higher than the state average.
Lakeway Statistics & Information
- Lakeway county: Travis
- Area: 13.39 mi²
- Lakeway zip codes: 78734 and 78738
- Area code: 512
- Elevation: 823′
- Time zone: CDT
- Closest airport to Lakeway, TX: Austin-Bergstrom International Airport (AUS), 26.5 miles
Map of Lakeway, Texas
Enjoy everything that life on the lake has to offer while staying close to a major metropolitan area.
Moving to Lakeway? We can help.
Because of Lakeway’s myriad of things to do and close proximity to Austin, it is one of the most desirable zip codes in the country. If you’re ready to make your move, call our Lakeway movers at 512-339-9922 for a free quote.