salaryRent is higher than in 70% of U.S. cities. Household incomes are higher than in 97% of U.S. cities. A typical house costs about 4.1 years of household income. Most homes (86.3%) are owned, so rentals can be hard to find. It is a highly educated city: 74% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $81,200 a year. That is $39 an hour at a full-time job.
Is rent cheaper than other Texas cities?
No. Rent here is more expensive than in most of Texas. It is number 347 of 426 cities from cheapest to most expensive.
How much do households earn in Lakeway?
Share of households by yearly income. 66.5% of households earn $100,000 or more.
Rent by apartment size in Lakeway
| Size | Lakeway | U.S. average |
|---|---|---|
| 1 bedroom | $1,628 | $1,324 |
| 2 bedrooms | $2,521 | $1,509 |
| 3 bedrooms | $3,479 | $1,698 |
| 4 bedrooms | $3,388 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lakeway overall?
Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lakeway, so the Texas figure is shown.
Taxes and bills in Lakeway
Life in Lakeway
Is it cheaper to rent or buy in Lakeway?
Renting is cheaper right now: about $3,807 a month less.
Owning assumes a typical $841,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $84,130 for the down payment.
Frequently asked questions
What is the average rent in Lakeway, TX?
Renting in Lakeway costs a median of about $2,030 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Lakeway?
To keep rent under 30% of income, you need about $81,200 a year, or $39 an hour at a full-time job.
Is Lakeway cheap or expensive?
Lakeway is rated Cheap: rent takes 11.9% of the typical household income of $204,980. It ranks 347th cheapest of 426 Texas cities we track.
How much are property taxes in Lakeway?
The median homeowner in Lakeway pays $10,000+ a year in property taxes, about 1.19% of the median home value.
Is Lakeway more expensive than the national average?
Overall prices in Texas are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Lakeway?
The median home value in Lakeway is $841,300, about 4.1 times the typical yearly household income.
19,307 people live in Lakeway. Numbers are typical (middle) values.