Loading Content...
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Farragut, Tennessee, a town of approximately 32,382 residents as of 2022, presents a demographic profile categorized as "Low Diversity" based on established criteria. The white population consistently remains above 85% throughout the past decade, exemplifying a community with minimal racial diversity. Economically, the town reports a high median income of $106,792 in 2022, significantly above the national average, indicating a relatively affluent community.
Over the past decade, Farragut has maintained its status as a "Low Diversity" community. The white population has remained dominant, fluctuating minimally between 86% and 89%. However, there are subtle signs of increasing diversity. The Asian population has shown a slight increase from 5% in 2013 to 6% in 2020, before declining to 4% in 2022. The Hispanic population has grown from 2% in 2013 to 4% in 2022. The percentage of residents identifying as two or more races has increased from less than 1% to 3% over the decade. Despite these changes, Farragut has not transitioned to a new category of diversity as defined in the established criteria. The community remains in the "Low Diversity" category, with the white population consistently above 75%.
Farragut's median income has shown an overall upward trend, rising from $101,652 in 2013 to $106,792 in 2022. This represents a 5% increase over the decade, outpacing inflation and suggesting a growing affluence in the community. The town experienced a notable peak in median income in 2021 at $120,292, followed by a significant decrease in 2022. The population has steadily increased from 28,360 in 2013 to 32,382 in 2022, a growth of about 14%. This population growth, combined with the rising median income, suggests that Farragut has remained an attractive destination for affluent residents, potentially reinforcing its demographic homogeneity.
Farragut's demographic profile likely contrasts with national trends towards increasing diversity. The town's high median income and low diversity suggest it may be an enclave of affluence, possibly attracting a specific demographic of high-income earners who are predominantly white.
Based on the observed trends, Farragut is likely to maintain its "Low Diversity" status in the near future. However, the subtle increases in Asian, Hispanic, and multiracial populations suggest a slow trend towards greater diversity. If these trends continue or accelerate, Farragut might eventually transition into a "Moderate Diversity" category, but this would likely take several more decades at the current rate of change. Economically, the town is likely to maintain its high median income, barring any significant economic disruptions. The slight dip in median income from 2021 to 2022 might be an anomaly or could signal a stabilization of economic growth.
In conclusion, while Farragut shows signs of very gradual diversification, it remains a predominantly white, affluent community. The town's economic prosperity appears to be a defining characteristic, potentially influencing its demographic composition by attracting a specific socio-economic group. Future policies and economic developments will play a crucial role in determining whether Farragut becomes more diverse or maintains its current demographic profile.