Farragut, TN
Population 24,309 · Tennessee
About Farragut, TN
Farragut is a mid-sized city in Tennessee with a population of 24,309 residents. The median household income is $142,402 per year, which is above the national average. The median age in Farragut is 45.7 years.
Housing in Farragut has a median home value of $513,100 and median monthly rent of $1,691. Of the 9,104 total housing units, the majority are owner-occupied, with 7,662 owner-occupied and 1,325 renter-occupied units.
The unemployment rate in Farragut is 2.5% and the poverty rate is 2.9%. 65.1% of residents hold a bachelor's degree or higher. The average commute time is 21.8 minutes.
How Farragut Ranks in Tennessee
Cost of Living in Farragut, TN
Compared to national averages, Farragut has a median household income of $142,402 (89% above the national median of $75,149). Home values average $513,100, which is 110% above the national median. Monthly rent at $1,691 is 45% above the US average of $1,163. Within Tennessee, Farragut's income is 127% above the state average of $62,849, and home values are 139% above the state median of $214,371.
Why Live in Farragut, TN?
Farragut offers a strong local economy with a median household income of $142,402, well above the national average, and a strong job market with an unemployment rate of just 2.5%, and a well-educated community where 65.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.9%, better than the national average, and short commute times averaging just 21.8 minutes.
Potential considerations include a competitive housing market where the typical home costs $513,100. However, Farragut’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Farragut has a population of 24,309 with a median age of 45.7 years. Compare Farragut with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Farragut
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Shelbyville | 24,125 | $52,290 | $224,700 | Compare |
| East Ridge | 22,034 | $55,988 | $182,500 | Compare |
| Bristol | 27,490 | $55,007 | $182,500 | Compare |
| Tullahoma | 20,672 | $60,855 | $228,800 | Compare |
| Springfield | 18,985 | $58,741 | $235,200 | Compare |
| Sevierville | 18,105 | $55,106 | $264,000 | Compare |
| Morristown | 30,983 | $44,811 | $155,700 | Compare |
| Goodlettsville | 17,598 | $65,898 | $355,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Farragut
What is the population of Farragut, TN?
The population of Farragut, TN is 24,309 according to the latest Census data.
What is the median household income in Farragut?
The median household income in Farragut, TN is $142,402 per year.
What is the median home value in Farragut?
The median home value in Farragut, TN is $513,100.
What is the average rent in Farragut?
The median monthly rent in Farragut, TN is $1,691.
What is the unemployment rate in Farragut?
The unemployment rate in Farragut, TN is 2.5%.