Lakeway, TX vs Savannah, TX

The cost of living difference between Lakeway, TX and Savannah, TX is dramatic. Savannah is 51.4% cheaper than Lakeway, a gap that translates to thousands of dollars per year in household expenses. Lakeway has a cost index of 186 while Savannah sits at 123, 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 $1,875/month in Savannah — a 67% difference. Home values follow the same pattern: Savannah is more affordable at $368,200 median vs $695,400.

Median household income in Lakeway is $164,978 compared to $131,397 in Savannah (+25.6%). Lakeway does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Lakeway spend roughly 22.7% of their income on rent, more than the 17.1% in Savannah.

Climate-wise, Lakeway is notably warmer with an average of 70°F compared to 64.5°F in Savannah. Lakeway receives more rainfall at 36.3" per year compared to 35.6" in Savannah.