Apartments for rent in Lakeway, TX

Lakeway is a town in Texas with a population of approximately 13,000. Middle-aged professionals will feel welcome, as they account for an above-average percentage of the community, while young adults are less well-represented. At an average age of just under 44, the city's population skews older than most cities in Texas. Just 17% of residents rent in Lakeway, as most own their homes. The average rent for Lakeway is $628 per month more than the state average.

Nine percent of the population in Lakeway works in scientific, making it the most common industry. Meanwhile, in terms of job function, many of the city's workers are in management, making it the top career path in the city. Lakeway workers take home an average annual income of around $127,000, about $54,000 more than the average Texas resident. The city's average income also compares favorably to the national average of $73,345. Compared to the national average (7%), Lakeway has a high percentage of residents over the age of 25 with advanced degrees, as 14% have earned a Master's degree or a Doctoral degree. Additionally, 31% possess a Bachelor's degree, which also outpaces the national average.

Averaging about 33 minutes, the commute time for Lakeway residents is longer than the state average of about 27 minutes. Many residents (37%) drive to work, while public transit is not widely used. Not many residents commute to work on foot.