What’s It Like Living in Lakeway TX? 🚣♀️☀️ | Why Moving to Lakeway Is a Good Idea in 2024
Ever wondered what it's like living in Lakeway TX?
Starting with its past, 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.
Thus, Lakeway was born! Named after Gulfmont’s Fairway Motor Hotel in nearby McAllen, Texas, which overlooked a golf course, Lakeway carries a unique blend of resort charm and small-town appeal.
Nowadays, moving to Lakeway Texas is becoming an increasingly popular choice thanks to its numerous amenities, outdoor access, and proximity to Austin and other Texas hot spots. Here’s what you’ll love about this beautiful city!
Is Lakeway TX a Good Place to Live?
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.
Located along Lake Travis, residents enjoy 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 Lakeway Resort and Spa.
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Beyond the natural amenities, Lakeway offers a strong sense of community thanks to great schools, safe neighborhoods, and beautiful parks, all in a short commute to Austin’s vibrant culture, dining, and job opportunities.
With its high quality of life, modern conveniences, and lakeside views, living in Lakeway TX provides both newcomers and longtime Texans with an inviting place to call home.
Where Is Lakeway TX?
You can picture where those living in Austin are located on the map, but where is Lakeway TX, and what county is Lakeway Texas in?
Lakeway is in Travis County in the Lonestar state of Texas, located along the southern shores of Lake Travis, a reservoir of the Colorado River. It’s part of the Texas Hill Country, a region outside Austin known for its wineries and outdoor recreation.
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.
Whether you’re moving to or from Lakeway or any of these other Austin suburbs, our Lakeway movers are here to help. Call Unicorn Moving & Storage, the best Lakeway moving company, at 512-339-9922 to discuss our moving services and receive a free quote!
Is Lakeway a Suburb of Austin?
Lakeway is actually an exurb of Austin, not a suburb, so living in Lakeway TX caters to those in search of a peaceful, tranquil suburban setting.
Is Lakeway Within Austin City Limits?
Lakeway is not technically located within the Austin Proper limits. As a city of its own, Lakeway has separate local government and emergency services from Austin, in addition to a smaller-city feel that's entirely unique to the area.
Is Lakeway North or South of Austin?
Lakeway Texas is located northwest of Austin. And how far is Lakeway Texas from Austin?
Lakeway TX to Austin TX is 22.3 miles (or about 35 minutes by car), while Lakeway TX to Houston TX is a further 182 miles, and Lakeway TX to San Antonio TX is 95.7 miles.
Lakeway is an excellent place to live because it’s a commutable distance to downtown Austin yet offers a quieter vibe and more tightly-knit community than city life would.
What Is the Population of Lakeway TX?
As of the 2020 Census, The population of Lakeway, TX is 19,189, which is a notable 68% increase from the 2010 Census which identified 11,391 residents. This shows that living in Lakeway TX is continuing to become a more and more popular choice!
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.
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.
Is Lakeway Texas Wealthy?
Lakeway’s population is affluent. The median household income in Lakeway is $154,118 in 2022 dollars. This is significantly higher than the national median household income as well as the median household income in Austin, which sits at $86,556.
Is Lakeway Texas Safe?
Lakeway is an extremely safe place to live. It’s safer than 49% of cities in the US and has a crime rate that's almost 100% less than that of the crime rate in Austin.
The total crime rate is 1,137 per 100,000 residents, and the majority of these are property crimes, which are less severe than a violent crime. This makes the total crime rate in Lakeway TX 58.4% less than the state and 51.1% less than the national average, as of the latest FBI statistics.
The city of Lakeway is serviced by the Lakeway Police Department. There are 33 police officers on the team.
Is Lakeway Texas Expensive? | Cost of Living in Lakeway TX
The Lakeway TX cost of living index is 132.8 or 32.8% above the U.S. average. It’s also higher than the Texas cost of living index of 93.9. To give you an idea, the cost of living in Austin is 98.9, so Lakeway is the more expensive locale.
To meet the demands of living in Lakeway TX, you would need to make about $108,585 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.
Housing costs are the biggest driver of the higher-than-average cost of living in Lakeway TX. The median price of homes for sale in Lakeway TX is $503,430, or $242 per square foot, a number that's down almost 15% since last year. Lakeway homes typically sell within 95 days of being listed.
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Have plans on living in Lakeway TX, and looking for apartments? The average monthly cost for apartments in Lakeway TX is $1,888, according to RentCafe.
Lakeway Typical Monthly Living Expenses:
- Lakeway monthly cost of utilities: $173.15
- Fitness club: $52.11
- Gallon of gasoline: $3.04
- Water (1 liter bottle) : $2.03
- Apples (1 pound): $2.30
- Eggs (1 dozen): $3.32
Source: Numbeo (sourced from Austin TX, the closest measured location).
What Are the Best Neighborhoods in Lakeway TX?
Ahead of moving to Lakeway, you’ll definitely want to explore its lovely communities to find a neighborhood within your budget with the amenities you’re looking for. Here are some of the best neighborhoods in Lakeway TX:
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.
What Is the Lakeway TX Weather & Climate Like?
Lakeway is in the southern United States, and the climate reflects that of the climate in Austin TX.
On average, it gets 34 inches of rain per year, which is under the US average of 28 inches. 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, which has an average high of 95.5 degrees. The coldest is January, with an average temp of 59.2.
Overall, the weather in Lakeway Texas is warm but enjoyable, offering countless sunny days to get outside and explore the many joys of living in Lakeway TX!
What Are the Best 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 TX. 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. Those living in Lakeway TX enjoy access to four golf courses in total, so check out the other's if this doesn't suit your fancy!
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510 Lakeway Drive, Lakeway, TX 78734 512-261-7200
Lakeway Marina
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.
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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
What Are the Top Lakeway Texas Restaurants?
In addition to a variety of activities, living in Lakeway TX means enjoying a variety of delicious restaurants. 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, the restaurants in Lakeway TX are sure to satisfy.
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
Sundancer Grill
Want to enjoy a meal with a gorgeous view of Lake Travis? Look no further than this bar and grill. Sundancer’s offers patio seating, locally sourced seafood, burgers, and cocktails.
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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
What's the Economy in Lakeway Like? | Jobs in Lakeway TX
Because Lakeway is very close to Austin, many people who reside here commute into the larger city for their job, as the average commute time of those living in Lakeway TX is just over 27 minutes. The commute is rather brief, and suburban life is appealing to those who want to raise children in a tight-knit community.
However, you don’t need to commute to Austin for work if you don’t want to, as the city's economic development ensures plentiful opportunities.
If you're looking for Lakeway TX jobs, Indeed Jobs is an excellent resource where 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, a higher than-typical number and another allure of living in Lakeway TX.
What School District is Lakeway TX? | Lakeway TX Schools
For those moving to Lakeway with school-aged children, it’s helpful to learn more about the schools in Lakeway TX.
Children in Lakeway attend the Lake Travis Independent School District, which is one of the best school districts in Austin. Over 10,000 students are enrolled here.
The student-to-teacher ratio is 16:1, which is higher than the state average. Many elementary students attend Lakeway Elementary school, while middle school students go to Lake Travis Middle School, and high school students are served by Lake Travis High School.
Lakeway TX Statistics & Information
- Lakeway county: Travis
- Lakeway TX Area: 13.39 mi²
- Lakeway TX zip codes: 78734 and 78738
- Lakeway TX Area code: 512
- Lakeway TXElevation: 823′
- Lakeway TX Time zone: Central Time Zone (UTC -5 and -6)
- 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 by exploring this Lakeway TX map!
Moving to Lakeway TX? We Can Help.
Because of Lakeway’s myriad of things to do and its close proximity to downtown Austin, it is one of the most desirable zip codes in the country.
If living in Lakeway TX is in your future, or if you have plans to leave the area, call our Lakeway movers at 512-339-9922 for a free quote.