Spicewood, TX

Spicewood is a small town located in the Austin metropolitan area. The population of Spicewood was 9,848 as of the 2010 census. Spicewood is known for its luxury homes and golf courses. The town has a strong economy based on high-tech companies and medical research facilities.

Real estate in Spicewood is highly sought after due to its close proximity to major cities such as Austin, San Antonio, and Houston. Many people who live in Spicewood commute to work in those cities. There are also many jobs available in the medical research industry, which is a big part of the economy in Spicewood.

The average home price in Spicewood was $1,095,000 as of May 2016. This is much higher than the average home price across Texas, which was $187,500 that same month. The median household income in Spicewood was $157,000 as of 2016. This is much higher than the median household income across Texas, which was $61,250 that same year.

Many people who live in Spicewood commute to work in Austin or San Antonio because those are two of the largest cities nearby. There are also many jobs available in the medical research industry here which contributes to high incomes for residents.