Lakeway, TX Cost Of Living
Cost Of Living In Lakeway, TX Summary
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:
The cost of living index in Lakeway is 125, with 100 being the average.
The cost of living index in Lakeway is 1.2x higher than the national average.
Lakeway ranks as the #389 cheapest in Texas out of 405.
Lakeway ranks as the #5,043 cheapest out of 6,412 in the US.
The median home value in Lakeway is $524,800.
The median income in Lakeway is $142,566.
Table Of Contents
Lakeway's Overall Cost Of Living
Higher Than The National Average
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 125, which is 1.2x higher than the national index of 100.
Compared to Texas, Lakeway has a cost of living index that's 1.4x higher than Texas's index of 92.
The standard of living in Lakeway ranks as #389 most affordable out of the 405 places we measured in Texas. By definition, that implies Lakeway ranks as the #16 most expensive place in the Lone Star State.
For more reading on life in Lakeway, check out:
- Living In Lakeway
- Lakeway Crime Report
- Search Homes For Sale In Lakeway, TX
In Texas
In America
Lakeway Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Lakeway. Here is how it fairs on each of the criteria:
The Services index in Lakeway is 95.
The Groceries index in Lakeway is 81.
The Health index in Lakeway is 94.
The Housing index in Lakeway is 201.
The Transportation index in Lakeway is 84.
The Utilities index in Lakeway is 106.
| Living Expense | Lakeway | Texas | National Average | |
|---|---|---|---|---|
| Overall | 125 | 92 | 100 | |
| Services | 95 | 96 | 100 | |
| Groceries | 81 | 93 | 100 | |
| Health | 94 | 93 | 100 | |
| Housing | 201 | 84 | 100 | |
| Transportation | 84 | 92 | 100 | |
| Utilities | 106 | 104 | 100 | |
Lakeway, TX Housing Cost Breakdown
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 2017-2021. The key points are:
The Median Home Value in Lakeway is $524,800.
The Median Rent in Lakeway is $2,330.
The Median Income in Lakeway is $142,566.
The Home Value To Income in Lakeway is 3.7x.
The Rent To Monthly Income in Lakeway is 0.2x.
| Statistic | Lakeway | Texas | United States |
|---|---|---|---|
| Median Home Value | $524,800 | $202,600 | $244,900 |
| Median Rent | $2,330 | $1,146 | $1,163 |
| Median Income | $142,566 | $67,321 | $69,021 |
| Home Value To Income | 3.7x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Lakeway, TX Costs By Category
Detailed Lakeway Services Costs Vs. Texas
Detailed Lakeway Groceries Costs Vs. Texas
Detailed Lakeway Health Costs Vs. Texas
Detailed Lakeway Transportation Costs Vs. Texas
Detailed Lakeway Utilities Costs Vs. Texas
Lakeway SnackAbility
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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 107, 0.9x Lakeway.
Cedar Park, TX has a cost of living index of 101, 0.8x Lakeway.
Leander, TX has a cost of living index of 99, 0.8x Lakeway.
| City | Population | Cost Of Living | Vs. Lakeway |
|---|---|---|---|
| Austin, TX | 944,658 | 107 | 0.9x |
| Cedar Park, TX | 74,741 | 101 | 0.8x |
| Leander, TX | 57,696 | 99 | 0.8x |
| Brushy Creek, TX | 22,972 | 103 | 0.8x |
| Wells Branch, TX | 13,837 | 94 | 0.8x |
| Bee Cave, TX | 8,538 | 140 | 1.1x |
