Austin vs Lakeway

A side-by-side comparison of Austin and Lakeway: population, income, housing, and more.

Austin and Lakeway are places in Texas. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Austin has the higher population (967,862 vs 19,130 in Lakeway). Lakeway has the higher median household income ($164,978 vs $91,461 in Austin). Lakeway has the higher median home value ($695,400 vs $512,700 in Austin).

Population, income & housing

	Austin	Lakeway
Population	967,862	19,130
Median age	34.5 yrs	50.3 yrs
Median household income	$91,461	$164,978
Median home value	$512,700	$695,400
Median gross rent	$1,655	$3,123
Housing units	466,428	8,875
Homeownership rate	44.4%	85.7%
Bachelor's degree or higher	58.2%	73.7%
Unemployment rate	4.5%	3.3%

Trends (ACS 5-year, 2019–2023)

	Austin	Lakeway
Population	950,807 → 967,862 (+1.8%)	15,138 → 19,130 (+26.4%)
Median household income	$71,576 → $91,461 (+27.8%)	$132,899 → $164,978 (+24.1%)
Median home value	$337,400 → $512,700 (+52.0%)	$472,700 → $695,400 (+47.1%)
Median gross rent	$1,280 → $1,655 (+29.3%)	$1,851 → $3,123 (+68.7%)

Austin

Population

950,807967,862

Median household income

$71,576$91,461

Median home value

$337,400$512,700

Median gross rent

$1,280$1,655

Lakeway

Population

15,13819,130

Median household income

$132,899$164,978

Median home value

$472,700$695,400

Median gross rent

$1,851$3,123

Age & race/ethnicity

Age distribution (share)

	Austin	Lakeway
Under 5	5.4%	4.3%
5 to 17	12.9%	17.9%
18 to 24	10.2%	3.7%
25 to 34	22.4%	4.4%
35 to 44	17.3%	12.1%
45 to 54	12.0%	16.7%
55 to 64	9.6%	16.3%
65 to 74	6.4%	15.7%
75 and over	3.7%	8.6%

Race & ethnicity (share)

	Austin	Lakeway
White (non-Hispanic)	47.6%	79.1%
Black or African American	7.2%	1.1%
American Indian & Alaska Native	0.1%	0.6%
Asian	8.5%	7.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.4%	0.1%
Two or more races	4.0%	3.3%
Hispanic or Latino	32.2%	8.9%

Educational attainment (age 25+)

Share of adults 25+

	Austin	Lakeway
No high school diploma	8.4%	0.9%
High school graduate	13.2%	7.2%
Some college or associate's	20.2%	18.2%
Bachelor's degree	36.2%	47.9%
Graduate or professional degree	22.1%	25.8%

Commute to work

How workers get to work (share)

	Austin	Lakeway
Drove alone	58.8%	50.6%
Carpooled	6.9%	2.4%
Public transit	2.1%	0.0%
Walked	2.4%	1.4%
Bicycle	0.8%	0.0%
Worked from home	27.5%	44.4%
Other means	1.5%	1.2%

Housing

Units in structure (share)

	Austin	Lakeway
1-unit, detached	44.2%	79.8%
1-unit, attached	5.1%	6.6%
2 to 4 units	7.3%	3.1%
5 to 19 units	17.3%	4.2%
20 or more units	24.7%	6.1%
Mobile home & other	1.4%	0.2%

Poverty & households

	Austin	Lakeway
Poverty rate	12.3%	2.9%
Average household size	2.14	2.38
Mean commute (minutes)	24	28
Median year structure built	1993	2004