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The total population of Farragut is estimated to be 23,795 with 11,435 males (48.06%) and 12,360 females (51.94%). There are 925 more females than males in Farragut.
The median household income in Farragut was $128,809 in 2021, which marked an an increase of 5,120(4.14%) from $123,689 in 2020. This income is 172.65% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Farragut sees its highest median household income among householders in the age group of 45 to 64 years old, at $155,761. Overall, the median household income for the town of Farragut stands at $128,809.
In Farragut, the median income for all workers aged 15 years and older, regardless of work hours, was $91,082 for males and $40,052 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $113,977 for males and $67,360 for females.
In Farragut, there are just two different racial groups among households. Among these, Asian households report a median household income of $145,303, while White households have a median household income of $128,280.
In 2022, the population of Farragut was 24,817, a 1.70% increase year-by-year from 2021. Previously, in 2021, Farragut's population was 24,401, an increase of 3.49% compared to a population of 23,579 in 2020.
The median age in Farragut, TN is 47.8, as per 2021 ACS 5-Year Estimates. Of the total population, 16.10% were under the age of 15, 15.12% aged 15 to 29, 46.55% aged 30 to 64, 19.31% aged 65 to 84, and 2.92% were 85 years of age and older.
Racial distribution of Farragut population: 90.73% are White, 0.87% are Black or African American, 0.06% are American Indian and Alaska Native, 5.24% are Asian, 0.41% are Native Hawaiian and other Pacific Islander, 0.09% are some other race and 2.59% are multiracial.