Farragut, TN vs Lakeland, TN

Lakeland is moderately more affordable than Farragut, with a 12.5% lower cost of living index. Farragut scores 126 compared to 112 for Lakeland, where the US average is 100. This difference means residents of Farragut can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Farragut is $1,691/month compared to $1,611/month in Lakeland — a 5% difference. Home values follow the same pattern: Lakeland is more affordable at $373,800 median vs $513,100.

Median household income in Farragut is $142,402 compared to $113,843 in Lakeland (+25.1%). 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 Farragut spend roughly 14.2% of their income on rent, less than the 17% in Lakeland.