Farragut, Tennessee Demographics & Population 2026
During the 2020–2024 ACS period, Farragut, Tennessee had a total population of 24,634, the 30th largest town in Tennessee, with a median household income of $142,093, which is 104% higher than the state average. The poverty rate is 3.8%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 104% above the state average — one of the wealthiest communities in Tennessee.
- An exceptionally low poverty rate of 3.8% — among the lowest in Tennessee.
- 65.0% of adults hold a bachelor's degree or higher — top 10% in Tennessee.
- Near full employment with an unemployment rate of just 2.3%.
Farragut Quick Facts
How Farragut Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 24,309 | 24,634 | +1.3% |
| Median household income | $142,402 | $142,093 | -0.2% |
| Median home value | $513,100 | $583,400 | +13.7% |
How Farragut Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 46 | National average: 61
Education
Educational Attainment (Adults 25+)
Farragut Rankings in Tennessee
Explore Tennessee Rankings
Other Cities in Knox County
Cities Similar to Farragut
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Shelbyville | 24,661 | $55,073 | $244,000 | 13.1% | 20.7% |
| Arlington | 15,205 | $135,105 | $424,400 | 51.2% | 4.9% |
| East Ridge | 22,070 | $62,247 | $211,100 | 24.2% | 13.1% |
| Germantown | 40,673 | $149,920 | $470,800 | 71.9% | 2.7% |
| Maryville | 32,392 | $81,963 | $358,100 | 38.5% | 6.7% |
Population Overview
Farragut is a small city located in Tennessee, within Knox County. The total population is 24,634. It ranks as the 30th most populous out of 502 Census-designated places in Tennessee.
Age Demographics
The median age in Farragut is 45.6 years. This is 17% higher than the state median of 38.9 years.
Economy, Income & Housing
The median household income in Farragut is $142,093. This is 104% higher than the state median of $69,595. It is also 76% higher than the national median of $80,734. The poverty rate stands at 3.8%. This is 73% lower than the state poverty rate of 13.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.3%. This is 50% lower than the state rate of 4.7%. The median home value is $583,400. Housing costs are 103% higher than the state median of $286,700. The home-value-to-income ratio is 4.1x. 84.8% of occupied housing units are owner-occupied. This homeownership rate is 27% higher than the state average of 66.9%.
Race & Ethnicity
Farragut has a predominantly White (non-Hispanic) population, comprising 88.7% of all residents. Asian residents account for 4.5%. The Black or African American population (1.0%) is well below the state average of 15.4%. The Hispanic or Latino population (2.4%) is well below the state average of 7.4%. The Asian population is significantly higher than the state average (4.5% vs 1.9%).
Education
65.0% of residents aged 25 and older hold a bachelor's degree or higher. This places Farragut in the top 10% of all cities in the state for educational attainment. This is 109% higher than the state rate of 31.1%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.0%. Notably, 28.8% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Farragut, Tennessee is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Tennessee state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 502 Census-designated places in Tennessee. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Farragut, Tennessee?
Farragut, Tennessee has a population of 24,634 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Farragut, TN?
The median household income in Farragut is $142,093, which is 76% higher than the national median of $80,734.
What is the poverty rate in Farragut, TN?
The poverty rate in Farragut is 3.8%. This means approximately 913 residents live below the federal poverty line.
What is the racial makeup of Farragut, Tennessee?
Farragut's population is 88.7% White, 1.0% Black, 2.4% Hispanic/Latino, and 4.5% Asian.
What is the median home value in Farragut, TN?
The median home value in Farragut is $583,400. The home-value-to-income ratio is 4.1x.
How educated is Farragut, Tennessee?
65.0% of adults (25+) in Farragut hold a bachelor's degree or higher, and 28.8% hold a graduate or professional degree.