Housing costs in Farragut?
A typical home costs
$559,200, which is 65.4% more expensive than the national average of
$338,100 and 101.6% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Farragut costs
$1,750 per month, which is 22.4% more than the national average of
$1,430 and 38.9% more than the state average of
$1,070.
Can I afford Farragut?
To live comfortably in Farragut, Tennessee, a minimum annual income of
$107,280 for a family, and
$57,600 for a single person is recommended.
What does A.I. say about Farragut?
Farragut, TN is a relatively affordable place to live. The cost of living is lower than the national average, with housing costs being especially attractive. The median home value in Farragut is $325,000, which is significantly lower than the national median of $215,600. The cost of utilities and groceries also tend to be lower than in other parts of the country. In addition, since Farragut has no state income tax and low sales taxes compared to other states, overall expenses for residents are kept to a minimum. All these factors combine to make Farragut an attractive and affordable option for those looking for a place to call home.