Crime
This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.
Employment
This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Earning a high health and safety score depends on factors such as good air quality and the availability of essential health facilities like hospitals, clinics, doctors, and fire stations.
Ratings
Local residents have positive feedback regarding the convenience of amenities, parks, public transit, the friendliness of neighbors, the strong sense of community, and the overall safety of the area.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Cost Of Living
Residents of this area contend with a high cost of living, resulting in increased expenditures for everyday goods and services, housing, utilities and health care.
Located in the state of Texas, Lakeway is a mid-sized city with a population of 16,074 inhabitants. If we look at the most recent Census, Lakeway is known to have a predominantly White population. The next two most common races are Black and Asian. Based on an average age of 50, Lakeway appears to be well-suited for seniors or retirees as the average age is well above the national average. Lakeway has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 73% of the population is classified as married and 39% have kids. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Lakeway entails a longer-than-average one-way commute time, averaging 31 minutes.
If you’re considering relocating to any new city, it could be a very daunting task. However, it could also be a positive experience if you are willing to get to know the town before actually living in Lakeway, Texas. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. With useful information like amenities, commute, health & safety, employment and other key data points, finding the best places to live in Lakeway and in the areas around Lakeway is a much easier task.
Lakeway has a livability score of 73/100 and is ranked #190 in Texas and #4,708 in the USA. If we take a closer look at each of the categories on their own, we see that Lakeway ranks well for crime (A+), education (B-) and housing (A+). There is at least one category that you should be aware of in Lakeway. The following was graded with a less than perfect score: amenities (F) and cost of living (F).
Ensuring a sense of security is paramount for the majority of residents in any area. Low crime rates exert a positive influence on various aspects, including home prices, rates of home appreciation and the cultivation of positive community dynamics and social cohesion. In the case of Lakeway, it boasts a notably low violent crime rate of 78 crimes per 100,000 residents, which significantly outperforms the national average.
The Lakeway unemployment rate of 1.6% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
Finding affordable real estate and housing in Lakeway can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Lakeway is real estate affordability. Median real estate prices in Lakeway come in at $867,291, which is 237.8% higher than the Texas average. The home price to income ratio compares the median home prices to the median household income. In Lakeway, the home price to income ratio is 4.4, which is 37.5% higher than the Texas average.
| Statistic | Lakeway | Texas | National |
| Average one way commute | 31min | 26min | 26min |
| Workers who drive to work | 64.7% | 80.3% | 76.4% |
| Workers who carpool | 4.6% | 10.6% | 9.3% |
| Workers who take public transit | 0.2% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 0.2% | 1.6% | 2.8% |
| Working from home | 28.8% | 4.3% | 4.6% |
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