Living in Farragut, Tennessee
Cost of living, income, home prices, rent and demographics of Farragut · Census data 2020–2024
Farragut has 24,634 residents with a median age of 45.6. The median household income is $142,093 (104% higher than the Tennessee median), the median home value is $583,400, the median rent is $1,966/month.
Farragut at a glance
- Population
- 24,634
- Median age
- 45.6State: 38.9
- Median household income
- $142,093State: $69,595
- Median home value
- $583,400State: $286,700
- Median rent
- $1,966/moState: $1,189
- Homeowners
- 84.7%
- Bachelor's degree or higher
- 65%
- Average commute
- 22 min
Is Farragut a good place to live?
Pros: Median household income 104% higher than the Tennessee median; an average commute of 22 minutes; unemployment of 2.3%; a poverty rate of 3.8%.
Cons: Home values 103% higher than the state median.
The weather is best in April–May and September–October.
Cost of living in Farragut
Housing is the biggest part of the cost of living. In Farragut the median home value is $583,400, 75% higher than the U.S. median. Renters pay a median of $1,966 per month, which is 27.2% of household income. Homeowners with a mortgage pay $2,296 a month in housing costs.
Farragut median household income
The median household income in Farragut is $142,093 and the income per person is $68,702. 3.8% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Farragut: homes for sale and rent
- Housing units
- 9,261
- Owner-occupied
- 84.7%
- Renter-occupied
- 15.3%
- Vacant
- 1.2%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 2.66
Farragut demographics
- Population
- 24,634
- Median age
- 45.6
- Under 18
- 22.4%
- 65 and older
- 22.4%
- Households
- 9,154
- Foreign-born
- 7.1%
- Veterans
- 7.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Farragut ›
Education in Farragut
65% of adults 25 and older in Farragut have a bachelor's degree or higher (Tennessee: 31.1%), and 28.8% have a graduate or professional degree.
Jobs and commute in Farragut
- Unemployment rate
- 2.3%State: 4.7%
- Average commute
- 22 minState: 26 min
- Work from home
- 25.3%
- Drive alone
- 70.2%
- Public transit
- 0%
- Walk to work
- 0.6%
- Homes with broadband
- 96.7%
Farragut vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Farragut | 24,634 | $142,093 | $583,400 | $1,966 |
| Lenoir City | 11,110 | $67,259 | $252,400 | $932 |
| Louisville | 4,383 | $89,744 | $379,900 | $950 |
| Karns | 4,115 | $100,043 | $328,600 | $1,765 |
| Friendsville | 980 | $69,063 | $217,800 | $1,357 |
| Oak Ridge | 32,693 | $72,311 | $270,200 | $1,131 |
| Alcoa | 12,222 | $65,714 | $277,100 | $1,282 |
| Tellico Village | 7,414 | $106,875 | $517,200 | $2,038 |
| Powell | 13,739 | $82,434 | $299,400 | $1,276 |
More for people moving to Farragut
Farragut ZIP code ›Weather and climate ›Living in Farragut: FAQ
What is the median household income in Farragut, TN?
The median household income in Farragut is $142,093, 104% higher than the Tennessee median of $69,595 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Farragut?
The median home value in Farragut is $583,400, compared with $286,700 in Tennessee.
How much is rent in Farragut?
The median gross rent in Farragut is $1,966 per month, about 27.2% of household income.
Is Farragut, TN a good place to live?
Pluses: median household income 104% higher than the Tennessee median; an average commute of 22 minutes; unemployment of 2.3%; a poverty rate of 3.8%. Minuses: home values 103% higher than the state median.
What is the median age in Farragut?
The median age in Farragut is 45.6 years (Tennessee: 38.9).
How long is the commute in Farragut?
The average commute to work in Farragut is 22 minutes; 25.3% of workers work from home.
What is the unemployment rate in Farragut?
The unemployment rate in Farragut is 2.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Farragut?
65% of adults in Farragut have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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