There are 20 assisted living facilities near Franklin, Minnesota. Assisted living costs in Minnesota range from around $29 up to $240 daily, with an average expenditure running around $113. The per month cost averages around $3,403 and ranges between $867 and $7,200. On an annual basis, the average cost is around $40,830, which is below the nationwide average of $42,000.
SeniorScore™ for Franklin, Minnesota
The SeniorScore™ is calculated based on over 100 variables, some of which are shown below. The final score is curved based on a linear curving method. For More info visit senioradvice.com/seniorscore.
- Franklin scores lower than the Minnesota average of 70.
- Franklin scores lower than the national average of 72.
- There is a low number of Medicare registered physicians within the city limits.
- There are no hospitals within close range of the city.
- There are 9 senior living facilities in close proximity to the city, including Golden LivingCenter - Franklin, Countryview Estates, and Fairfax Community Home.
- There is a low number of home healthcare providers operating in the city.
- There is a very low number of fire stations serving the city.
- The average life expectancy is 81.1, compared to the national average of 78.6.
- There are 5 pharmacies within close range of the city.
- The city has a high percentage of seniors in the population (34% of residents).
- There are 12 golf courses in or around the city, including Fort Ridgely State Park Golf Course, Mayflower Country Club, and Dacotah Ridge Golf Club.
- There are 4 parks near the city center, including Cedar Mountain Scientific and Natural Area (SNA), Valley View Campgrounds, and Fort Ridgely Golf Course.
- There are no churches in or near the city.
- There are no malls / shopping centers within close range of the city.
- There are 4 grocery stores within the city.
- There are no movie theatres in or near the city.
- There is 1 gym or health club in or near the city.
- The property taxes average 1.82% of total income, which is significantly lower than the national average of 2.79%.
- The property taxes average 1.00% of property value, which is significantly lower than the national average of 1.09%.
- The city sales taxes averages 7.38%, which is higher than the national average of 6.97%.
- Minnesota has an average state income tax of 4.79%, compared to the national average of 3.38%.
- The city's mean household income is $54,056, which is significantly lower than the national average of $64,580.
- The city's median household income is $40,536, which is significantly lower than the national median of $51,560.
- The city's per capita income is $20,999, which is significantly lower than the national average of $25,611.
- Assisted living costs average $36,336 per year, which are low compared to national figures.
- Nursing home costs average $90,710 per year, which are average compared to national costs.
- Adult daycare costs average $19,097 per year, which are high compared to national numbers.
- Home healthcare costs average $46,904 annually, which are average compared to national costs.
- The unemployment rate is about 7.58%, which is average compared to national averages.
- The overall cost of living is low compared to national averages.
- 1% of the senior population are financially responsible for at least one grandchild.
- Franklin receives ideal levels of rainfall each year.
- Franklin has very harsh mean temperatures, with very cold winters and pleasant summers.
- This city has above average air quality.
- Franklin has a very sparse population density of 12.1 people per square mile.
- Residents of Franklin have a short daily commute time.
- Franklin has a very high public school quality ranking.
- The city has a high public school safety rating.
- This city has an average graduation rate of 84.66%.
Franklin is a small municipality in Minnesota. It is located in Renville County. It has a total population of just 856, with 1,077,918 people in the surrounding area. Around 34% of the local residents are 55 and over.
The SeniorScore™ for Franklin is 66. The city has a median per capita income of $21,000. The median household income is $41,000 versus an average of $53,000 for the state of Minnesota. The current unemployment rate is approximately 7.58% and the median housing price is $103,500, which is much lower than the Minnesota average of $211,500.
Franklin has harsh average temperatures, with very cold winters and calm summers. The city gets optimal amounts of precipitation annually. Franklin has good air quality ratings in relation to similarly-sized cities.