Farragut, TN Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
112
Farragut's Overall Cost Of Living
1.1x
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:

99 out of 105
In Tennessee
4,296 out of 6,412
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
For more reading on cost of living around Tennessee, check out:
Farragut Cost of Living Vs. TN

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
Search Homes For Sale In Farragut, TN
$398,900
Median Home Value
$1,390
Median Rent
$119,167
Median Income

Farragut, TN Costs By Category

Detailed Farragut Services Costs Vs. Tennessee

Item Farragut Tennessee
Shampoo $0.84 $1.06
Movie $10.22 $10.68
Bowling $18.67 $14.67
Haircut $14.73 $18.62
Beauty Salon $37.6 $39.05

Detailed Farragut Groceries Costs Vs. Tennessee

Item Farragut Tennessee
Ground Beef $4.41 $4.22
Fried Chicken $0.99 $1.39
Milk $1.85 $2.05
Potatoes $2.88 $3.29
Pizza $9.99 $10.62
Beer $9.75 $9.38
Toothpaste $1.5 $2.34

Detailed Farragut Health Costs Vs. Tennessee

Item Farragut Tennessee
Optometrist $88.0 $108.57
Doctor $105.73 $116.17
Dentist $88.77 $99.13

Detailed Farragut Transportation Costs Vs. Tennessee

Item Farragut Tennessee
Gasoline $2.06 $2.22
Tire Balancing $36.44 $50.07

Detailed Farragut Utilities Costs Vs. Tennessee

Item Farragut Tennessee
All Electricity $149.12 $167.67
Phone $184.96 $175.64

Farragut SnackAbility

7.5
/10
Overall SnackAbility
Jobs
9/10
Housing
9
Affordability
8
Diversity
6
Safety
N/A
Amenities
8.5
Education
9.5
Commute
8.5

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

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