Lakeway, TX vs Mexia, TX

The cost of living difference between Lakeway, TX and Mexia, TX is dramatic. Mexia is 188% cheaper than Lakeway, a gap that translates to thousands of dollars per year in household expenses. Lakeway has a cost index of 186 while Mexia sits at 65, 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 Lakeway is $3,123/month compared to $786/month in Mexia — a 297% difference. Home values follow the same pattern: Mexia is more affordable at $92,900 median vs $695,400.

Median household income in Lakeway is $164,978 compared to $36,589 in Mexia (+350.9%). While Lakeway is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lakeway spend roughly 22.7% of their income on rent, less than the 25.8% in Mexia.

Climate-wise, Lakeway is notably warmer with an average of 70°F compared to 67°F in Mexia. Mexia receives more rainfall at 39.3" per year compared to 36.3" in Lakeway.