Farragut, TN Cost Of Living
Cost Of Living In Farragut, TN Summary
Cost of living in Farragut research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Farragut is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Tennessee, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Farragut is 112, with 100 being the average.
The cost of living index in Farragut is 1.1x higher than the national average.
Farragut ranks as the #99 cheapest in Tennessee out of 105.
Farragut ranks as the #4,296 cheapest out of 6,412 in the US.
The median home value in Farragut is $398,900.
The median income in Farragut is $119,167.
Table Of Contents
Farragut's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Farragut, TN?
According to the most recent data on the cost of living, Farragut has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Tennessee, Farragut has a cost of living index that's 1.2x higher than Tennessee's index of 90.
The standard of living in Farragut ranks as #99 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Farragut ranks as the #6 most expensive place in the Volunteer State.
For more reading on life in Farragut, check out:
- Living In Farragut
- Search Homes For Sale In Farragut, TN
In Tennessee
In America
Farragut Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Farragut. Here is how it fairs on each of the criteria:
The Services index in Farragut is 89.
The Groceries index in Farragut is 85.
The Health index in Farragut is 91.
The Housing index in Farragut is 163.
The Transportation index in Farragut is 88.
The Utilities index in Farragut is 93.
| Living Expense | Farragut | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 112 | 90 | 100 | |
| Services | 89 | 93 | 100 | |
| Groceries | 85 | 96 | 100 | |
| Health | 91 | 88 | 100 | |
| Housing | 163 | 82 | 100 | |
| Transportation | 88 | 90 | 100 | |
| Utilities | 93 | 93 | 100 | |
Farragut, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Farragut is $398,900.
The Median Rent in Farragut is $1,390.
The Median Income in Farragut is $119,167.
The Home Value To Income in Farragut is 3.3x.
The Rent To Monthly Income in Farragut is 0.14x.
| Statistic | Farragut | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $398,900 | $193,700 | $244,900 |
| Median Rent | $1,390 | $951 | $1,163 |
| Median Income | $119,167 | $58,516 | $69,021 |
| Home Value To Income | 3.3x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Farragut, TN Costs By Category
Detailed Farragut Services Costs Vs. Tennessee
Detailed Farragut Groceries Costs Vs. Tennessee
Detailed Farragut Health Costs Vs. Tennessee
Detailed Farragut Transportation Costs Vs. Tennessee
Detailed Farragut Utilities Costs Vs. Tennessee
Farragut SnackAbility
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Cost Of Living In Cities Around Farragut
The cost of living varies in the cities and towns around Farragut. Here's a quick look at the cost of living in the most populous nearby places:
Knoxville, TN has a cost of living index of 81, 0.7x Farragut.
Maryville, TN has a cost of living index of 92, 0.8x Farragut.
Oak Ridge, TN has a cost of living index of 88, 0.8x Farragut.
| City | Population | Cost Of Living | Vs. Farragut |
|---|---|---|---|
| Knoxville, TN | 189,339 | 81 | 0.7x |
| Maryville, TN | 31,281 | 92 | 0.8x |
| Oak Ridge, TN | 31,087 | 88 | 0.8x |
| Alcoa, TN | 10,777 | 85 | 0.8x |
| Clinton, TN | 9,982 | 84 | 0.8x |
| Kingston, TN | 5,942 | 86 | 0.8x |
