2024 Compare Cities Economy:
Lakeway, TX vs Franklin, TN

Change Cities
Highlights
- Household income in Franklin, is 28% less than it is in Lakeway and is 33% above the National Average.
- Lakeway unemployment rate is 5.3%.
- Franklin unemployment rate is 3.1%.
 Lakeway, TXFranklin, TNUnited States
 Unemployment Rate5.3%3.1%6.0%
 Recent Job Growth3.5%2.4%1.6%
 Future Job Growth47.2%53.4%33.5%
 Sales Taxes8.3%9.8%6.2%
 Income Taxes0.0%0.0%4.6%
 Income per Cap.$74,997$51,811$37,638
 Household Income$142,566$102,721$69,021
 Family Median Income$167,578$123,661$85,028
 space
 Est. Households By Income
 Lakeway, TXFranklin, TNUnited States
 Income Less Than 15K3.8%3.5%9.4%
 Income between 15K and 20K0.4%1.9%3.8%
 Income between 20K and 30K2.1%4.8%8.1%
 Income between 30K and 40K1.9%5.3%8.0%
 Income between 40K and 50K5.1%6.5%7.6%
 Income between 50K and 60K3.4%5.8%7.2%
 Income between 60K and 75K6.4%8.3%9.6%
 Income between 75K and 100K11.8%13.0%12.8%
 Income between 100K and 150K17.1%20.4%16.3%
 Income between 150K and 200K16.4%12.0%7.8%
 Income greater than 200K31.6%18.6%9.5%
 space1
 Population By Occupation
 Lakeway, TXFranklin, TNUnited States
 Management, business, finance40.3%26.4%16.4%
 Engineering, computers, science9.1%10.5%6.5%
 Community, social services1.4%1.9%1.8%
 Legal2.5%1.9%1.2%
 Education, library4.4%6.6%6.2%
 Arts, design, media, sports, entertainment2.9%3.6%2.0%
 Healthcare practitioners and technology6.6%6.3%6.2%
 Healthcare support0.5%1.3%3.3%
 Firefighters, law enforcement0.3%0.9%2.1%
 Food preparation, serving2.2%5.3%5.4%
 Building maintenance0.7%1.2%3.6%
 Personal care2.3%2.7%2.6%
 Sales, office, administrative support22.3%23.1%20.9%
 Farming, fishing, forestry0.0%0.1%0.6%
 Construction, extraction, maintenance/repair2.4%3.3%8.1%
 Production, transportation, material moving2.1%4.9%13.1%
Reviews for Lakeway    2 Reviews

Over 13 years ago

We moved to Lakeway TX about 6 years ago from Atlanta GA as part of a corporate relcation. Lakeway is maybe 15 miles west of Austin TX, and has a small town / resort  More

   |    Reply

Over 16 years ago

The quality of homes within the Lakeway area is quiet good both in terms of materials, execution and also design/asthestics. Most have a Tuscan or Mexican style with  More

   |    Reply

Start Your Review of Lakeway

Reviews for Franklin    27 Reviews

After visiting here for a week in the summer, I fell in love with the city! Lots of my friends in Florida already moved here from New Port Richey and Wesley Chapel. I  More

   |    Reply

I've lived in Tennessee all my life. I have lived in west,east and middle Tennessee. By far this is the best place I have lived. We have been in Franklin for 8 years. It  More

   |    Reply

I love that this is a greatly diverse community with a large African American and Hispanic community around West Main St./Nachez (I'm addicted to Pueblo Real Mexican  More

   |    Reply

Start Your Review of Franklin



PREMIUM SUBSCRIPTION

Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.

Try Now


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.