Cost of Living in Farragut, TN
Population 24,309 · Tennessee · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Farragut a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $513,000. The labor market has been unusually tight, with unemployment around 2.5% — below most comparable cities in the state.
Geographically, Farragut sits roughly 14 miles west of Knoxville. Median home values run roughly 140% higher than Knoxville's $214,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Farragut
The median home value in Farragut is $513,100 — 68% above the national median of $305,000. Median rent runs $1,691/month, 29% higher than the national median of $1,314/month. The median household income of $142,402/year is 91% higher than the US median of $74,580. The local unemployment rate is 2.5%, below the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 68.7°F and lows of 48.4°F, with about 4.4" of annual snowfall. Overall, Farragut has a cost of living index of 152 versus the US average of 100, meaning it is 52% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 47 | 51 | 61 | 70 | 78 | 84 | 87 | 87 | 81 | 71 | 59 | 49 |
| Low °F | 29 | 32 | 39 | 47 | 56 | 64 | 68 | 67 | 61 | 48 | 37 | 32 |
| Precip" | 5.50 | 5.93 | 5.55 | 5.58 | 4.50 | 4.76 | 5.90 | 3.72 | 4.13 | 3.29 | 5.00 | 5.84 |
| Snow" | 1.8 | 1.4 | 0.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.6 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Farragut, TN?
Farragut has a cost index of 152 (100 = national average). It is 52% above the national average.
What is average rent in Farragut, TN?
The median gross rent in Farragut is $1,691 per month based on 2023 Census data.
What is the average home price in Farragut?
The median home value in Farragut is $513,100 according to Zillow and Census data.
What is the median income in Farragut?
The median household income in Farragut is $142,402 per year (2023 ACS 5-year estimates).
What is the sales tax in Farragut, TN?
The combined state and local sales tax rate in Farragut is 9.6%. Tennessee has no state income tax.
Is Farragut, TN affordable?
Farragut is above average in cost of living, with an index of 152 — about 52% higher than the national average.
What is the weather like in Farragut?
Farragut has average high temperatures of 68.7°F and average lows of 48.4°F. Annual precipitation is 59.7". Average annual snowfall is 4.4". Data from NOAA 1991–2020 Climate Normals.
Farragut at a Glance
- Population
- 24,309
- Median Income
- $142,402
- Home Value
- $513,100
- Median Rent
- $1,691/mo
- Unemployment
- 2.5%
- Avg High Temp
- 68.7°F
- Sales Tax
- 9.6%
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Tennessee Rankings
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