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.
Lakeway, Texas is a mid-sized city with a population of 15,605 residents. According to the most recent Census, 88% of Lakeway residents are White, 3% Black and 3% 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. If you are looking for a family friendly city, Lakeway might be a good fit as 73% of the population over 15 years old are married, and 39% have kids who are 18 years old or younger. When traveling to work, spending unnecessary time in your vehicle is not ideal and downright frustrating. Across all of America, the average one way commute time is 26 minutes, unfortunately, living in Lakeway offers up a higher than average one way commute time of 31 minutes.
If you’re considering relocating to any new city, it could be a very discouraging task. However, it could also be a fulfilling experience if you are willing to get to know the area 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. To help you find the best places to live in and around Lakeway, AreaVibes has created a livability score using key metrics like crime, education, employment, housing and more.
Lakeway, TX receives 74/100 for its livability score; this results in a ranking of #126 in Texas and #3,463 in the USA. If we dig a little deeper into each category within the livability score, we see that Lakeway has higher than average grades for the following: crime (A+), education (A+) and housing (A+). There is at least one category that does not have great scores in Lakeway. The following was graded with a discouraging score: amenities (F) and cost of living (F).
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and can help foster positive community dynamics and social cohesion. Lakeway has a violent crime rate of 57 crimes per 100,000 residents which is far lower than the national average.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Lakeway, the unemployment rate stands at 1.56%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Lakeway excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Assuming that Lakeway meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Lakeway. Everything else becomes a lot less important if it turns out that home prices in Lakeway are simply unattainable. The median home price for Lakeway homes is $481,900, which is 237.7% higher than the Texas average. If we take a closer look at the affordability of homes in Lakeway, we’ll see that the home price to income ratio is 3.6, which is 38.5% 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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