Where does this demographic data come from?

All demographic data comes from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates, which samples about 3.5 million households annually. The 5-year estimates provide the most reliable data for small geographies like municipalities.

What is the difference between Census data and ACS data?

The decennial Census (conducted every 10 years) is a full population count focusing on basic demographics. The ACS is an ongoing survey that collects detailed data on income, education, housing, commute patterns, and more. ACS data is updated annually but represents averages over a 5-year period.

How accurate is this data for small towns?

For smaller municipalities, ACS estimates have wider margins of error because fewer residents are sampled. The 5-year estimates reduce this uncertainty by averaging over a longer period. For towns under 5,000 people, treat specific numbers as approximations rather than precise counts.

Lakeway, TX Population, Income & Demographics 2026

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Demographics — 2024 ACS 5-Year Estimatesi

Census

Populationi

19,307

Median Agei

49.8

Race & Ethnicityi

White

77.1%14,884

Hispanic/Latino

10.8%2,080

Asian

6.1%1,172

Two or More

4.1%787

Black

1.5%283

American Indian/Alaska Native

0.4%86

Other

0.1%15

Educational Attainment (Age 25+)i

GED/Alternative

0.4%60

High School Diploma

6.5%909

Some College (<1 yr)

3.8%527

Some College (1+ yr)

11.4%1,587

Associate's Degree

2.8%392

Bachelor's Degree

48.9%6,798

Master's Degree

18.5%2,574

Professional Degree

4%553

Doctorate

2.6%361

HS or Higher

99%

BA or Higher

74%

Graduate+

25.1%

Housingi

Median Home Valuei

$841,300

Median Renti

$2,981

Tenure

Owner-Occupied

86.3%6,758

Renter-Occupied

13.7%1,073

Total Units

8,561

Homeownership

86.3%

Vacancy Rate

8.5%

Rent Distribution

$750–$1,000

$1,250–$1,500

114

$1,500–$2,000

109

$2,000+

777

Year Built

2020 or later

5.4%462

2010–2019

30.5%2,607

2000–2009

23.5%2,012

1990–1999

11.9%1,021

1980–1989

15.1%1,295

1970–1979

10.2%870

1960–1969

1.2%102

1950–1959

0.8%68

1940–1949

0.5%43

1939 or earlier

0.9%81

Heating Fuel

Electricity

60.1%4,710

Utility Gas

24.7%1,935

Bottled/LP Gas

14.6%1,144

Other

0.3%27

No Fuel

0.2%15

Economyi

Median Household Incomei

$190,060

Mean Household Incomei

$262,445

Per Capita Incomei

$106,890

Poverty Ratei

2.5%

Unemploymenti

3.5%

Labor Forcei

8,748

Ancestry & Heritage

Self-reported ancestry groups. Residents may report multiple ancestries, so totals may exceed 100%.

Foreign-Born Populationi

Foreign-Borni

1,8329.5%

By Region

Top Countries

Canada

224

India

206

United Kingdom

120

China

101

Mexico

Philippines

Germany

Korea

Workforce

Total Employed

8,423

Occupations

Industries

Social Characteristicsi

Veteransi

1,116(7.5% of civilian adults)

Health Insurancei

97.3%Insured

2.7%Uninsured