Lakeway, TX Cost Of Living

The latest cost of living statistics for Lakeway. Includes statistics on rent, mortgages, healthcare, and other costs for Lakeway compared to the state and national averages.

Cost of living in Lakeway, Texas

Cost of living in Lakeway research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lakeway is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

145 Cost of living index 1.4x higher vs US
#404 Cheapest in Texas (of 419)
#5,561 Cheapest in the U.S. (of 6,489)
$741,100 Median home value
$2,981 Median rent
$190,060 Median income
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What is the cost of living in Lakeway, TX?

According to the most recent data on the cost of living, Lakeway has an overall cost of living index of 145, which is 1.4x higher than the national index of 100.

Compared to Texas, Lakeway has a cost of living index that's 1.6x higher than Texas's index of 93.

The standard of living in Lakeway ranks as #404 most affordable out of the 419 places we measured in Texas. By definition, that implies Lakeway ranks as the #15 most expensive place in the Lone Star State.

For more reading on life in Lakeway, check out:

Lakeway Cost Of Living Vs. Texas

Six factors go into calculating the cost of living index in Lakeway. Here is how it fares on each of the criteria:

  • The Services index in Lakeway is 98.

  • The Groceries index in Lakeway is 102.

  • The Health index in Lakeway is 255.

  • The Housing index in Lakeway is 102.

  • The Transportation index in Lakeway is 105.

  • The Utilities index in Lakeway is 98.

Living Expense Lakeway Texas National Average
Overall 145 93 100
Services 98 100 100
Groceries 102 99 100
Health 255 81 100
Housing 102 97 100
Transportation 105 103 100
Utilities 98 100 100

Lakeway Cost Of Living Compared To Texas Averages

Services
Lakeway 98
Texas avg 100
Groceries
Lakeway 102
Texas avg 99
Health
Lakeway 255
Texas avg 81
Housing
Lakeway 102
Texas avg 97
Transportation
Lakeway 105
Texas avg 103
Utilities
Lakeway 98
Texas avg 100

Index where 100 = national average. Source: cost-of-living index 2026.

For more reading on cost of living around Texas, check out:

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Source: Cost-of-living index 2026, normalized to US average = 100

Lakeway, TX Housing Cost Breakdown

$741,100Median Home Value
$2,981Median Rent
$190,060Median Income

Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:

  • The Median Home Value in Lakeway is $741,100.

  • The Median Rent in Lakeway is $2,981.

  • The Median Income in Lakeway is $190,060.

  • The Home Value To Income in Lakeway is 3.9x.

  • The Rent To Monthly Income in Lakeway is 0.19x.

Statistic Lakeway Texas United States
Median Home Value $741,100 $300,957 $332,700
Median Rent $2,981 $1,403 $1,413
Median Income $190,060 $78,476 $80,734
Home Value To Income 3.9x 3.8x 4.1x
Rent To Monthly Income 0.19x 0.21x 0.21x

Lakeway, TX Costs By Category

Detailed Lakeway Services costs vs. Texas
Item Lakeway Texas
Shampoo $1.18 $1.28
Movie $12.25 $12.13
Bowling $16.72 $18
Haircut $23.07 $24.26
Beauty Salon $40.8 $45.56
Detailed Lakeway Groceries costs vs. Texas
Item Lakeway Texas
Ground Beef $5.08 $5.84
Fried Chicken $1.5 $1.57
Milk $4.67 $4.67
Potatoes $4.82 $4.93
Pizza $11.51 $12.09
Beer $10.49 $10.41
Toothpaste $3.51 $3.7
Detailed Lakeway Health costs vs. Texas
Item Lakeway Texas
Optometrist $125.61 $125.68
Doctor $108.32 $135.78
Dentist $126.5 $113.29
Detailed Lakeway Transportation costs vs. Texas
Item Lakeway Texas
Gasoline $3.04 $3.46
Tire Balancing $62.39 $59.92
Detailed Lakeway Utilities costs vs. Texas
Item Lakeway Texas
All Electricity $212.65 $193.99
Phone $201.78 $192.25

Lakeway SnackAbility

9.5Overall SnackAbility
Jobs 9/10
Housing 9.5/10
Affordability 6/10
Diversity 8/10
Safety 8/10
Amenities 8/10
Education 10/10
Commute 4/10

Cost Of Living In Cities Around Lakeway

The cost of living varies in the cities and towns around Lakeway. Here's a quick look at the cost of living in the most populous nearby places:

  • Austin, TX has a cost of living index of 124, 0.9x Lakeway.

  • Cedar Park, TX has a cost of living index of 123, 0.8x Lakeway.

  • Leander, TX has a cost of living index of 116, 0.8x Lakeway.

City Population Cost Of Living Vs. Lakeway
Austin, TX 979,539 124 0.9x
Cedar Park, TX 78,301 123 0.8x
Leander, TX 74,067 116 0.8x
Brushy Creek, TX 19,576 121 0.8x
Wells Branch, TX 13,523 113 0.8x
Bee Cave, TX 8,862 146 1.0x