Burnet, TX vs Lakeway, TX

The cost of living difference between Burnet, TX and Lakeway, TX is dramatic. Burnet is 54.9% cheaper than Lakeway, a gap that translates to thousands of dollars per year in household expenses. Burnet has a cost index of 84 while Lakeway sits at 186, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Burnet is $1,012/month compared to $3,123/month in Lakeway — a 68% difference. Home values follow the same pattern: Burnet is more affordable at $245,900 median vs $695,400.

Median household income in Burnet is $88,000 compared to $164,978 in Lakeway (-46.7%). The higher salaries in Lakeway partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Burnet spend roughly 13.8% of their income on rent, less than the 22.7% in Lakeway.