Cost of Living in Lakeway, TX
Population 19,130 · Texas · Data vintage 2023
(100 = US avg)
Housing in Lakeway sits 128% above the national median — $695,000 for the typical home — but median household incomes near $164,978 (121% above the US figure) soften the blow that similar pricing creates in lower-wage metros.
Geographically, Lakeway sits roughly 14 miles west of Austin. Median home values run roughly 36% higher than Austin's $513,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lakeway
The median home value in Lakeway is $695,400 — 128% above the national median of $305,000. Median rent runs $3,123/month, 138% higher than the national median of $1,314/month. The median household income of $164,978/year is 121% higher than the US median of $74,580. The local unemployment rate is 3.3%, below the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 80.5°F and lows of 59.4°F. Overall, Lakeway has a cost of living index of 232 versus the US average of 100, meaning it is 132% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 63 | 67 | 73 | 80 | 87 | 93 | 97 | 98 | 91 | 83 | 72 | 64 |
| Low °F | 42 | 46 | 52 | 59 | 67 | 73 | 75 | 75 | 70 | 61 | 51 | 43 |
| Precip" | 2.64 | 1.89 | 2.88 | 2.42 | 5.04 | 3.68 | 1.96 | 2.74 | 3.45 | 3.91 | 2.92 | 2.72 |
| Snow" | 0.0 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Lakeway, TX?
Lakeway has a cost index of 232 (100 = national average). It is 132% above the national average.
What is average rent in Lakeway, TX?
The median gross rent in Lakeway is $3,123 per month based on 2023 Census data.
What is the average home price in Lakeway?
The median home value in Lakeway is $695,400 according to Zillow and Census data.
What is the median income in Lakeway?
The median household income in Lakeway is $164,978 per year (2023 ACS 5-year estimates).
What is the sales tax in Lakeway, TX?
The combined state and local sales tax rate in Lakeway is 8.2%. Texas has no state income tax.
Is Lakeway, TX affordable?
Lakeway is above average in cost of living, with an index of 232 — about 132% higher than the national average.
What is the weather like in Lakeway?
Lakeway has average high temperatures of 80.5°F and average lows of 59.4°F. Annual precipitation is 36.2". Average annual snowfall is 0.2". Data from NOAA 1991–2020 Climate Normals.
Lakeway at a Glance
- Population
- 19,130
- Median Income
- $164,978
- Home Value
- $695,400
- Median Rent
- $3,123/mo
- Unemployment
- 3.3%
- Avg High Temp
- 80.5°F
- Sales Tax
- 8.2%
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Texas Rankings
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