Covington, TN vs Farragut, TN

The cost of living difference between Covington, TN and Farragut, TN is dramatic. Covington is 41.7% cheaper than Farragut, a gap that translates to thousands of dollars per year in household expenses. Covington has a cost index of 73 while Farragut sits at 126, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Covington is $910/month compared to $1,691/month in Farragut — a 46% difference. Home values follow the same pattern: Covington is more affordable at $163,900 median vs $513,100.

Median household income in Covington is $43,512 compared to $142,402 in Farragut (-69.4%). While Farragut is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Covington spend roughly 25.1% of their income on rent, more than the 14.2% in Farragut.