Loading Content...
Demographic Analysis of Zip Code 78734: Low Diversity and Racial Composition in Lakeway, Texas
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
The zip code 78734 in Lakeway, Texas, is categorized as a "Low Diversity" community as of 2022. The white population comprises 76% of the total, which is just above the threshold for this classification. The area has a high median income of $118,125 in 2022 and a population of 21,420.
Over the past decade, Lakeway has maintained its status as a "Low Diversity" community. The white population has remained dominant, ranging between 75-78% throughout this period. The Hispanic population has slightly decreased from 20% in 2013 to 15% in 2022. There have been minor increases in the percentages of Black, Asian, and Two or More Races categories, indicating a slow trend towards increased diversity. However, these changes have not been significant enough to alter the overall categorization.
The median income in Lakeway has shown significant growth over the past decade, increasing from $101,773 in 2013 to $118,125 in 2022, representing a 16% increase. The highest median income was recorded in 2018 at $124,196. There have been some fluctuations in median income since 2018, including a dip in 2020 and a subsequent recovery. The population has grown steadily from 15,869 in 2010 to 21,420 in 2022, a 35% increase.
The stability in racial composition alongside rising incomes suggests that the economic growth in Lakeway has not significantly altered its demographic makeup. This could indicate that the area is attracting new residents of similar racial backgrounds, maintaining the low diversity profile. Additionally, the rising median income might create economic barriers for more diverse populations to move into the area.
Lakeway's demographic composition contrasts with many rapidly diversifying suburbs across the United States. The high and rising median income in Lakeway places it well above the national median, indicating it is an affluent suburb that may not be representative of broader national demographic shifts.
Lakeway presents a picture of a stable, affluent, predominantly white community that has seen significant economic growth over the past decade. While there are minor trends towards increased diversity, these changes are slow and have not yet significantly altered the community's overall demographic profile. The area's ability to maintain its racial composition while experiencing strong economic growth and population increase suggests a unique local dynamic that may be influenced by factors such as housing policies, local culture, or regional economic patterns.
