There are 20 retirement homes serving Franklin, Indiana. This includes 2 in Franklin and 18 nearby. The daily costs of retirment home living in Indiana range from $20 up to $151, with a mean cost running about $68. The monthly cost averages about $2,048 and ranges between $602 and $4,521. On an annual basis, the mean cost is around $24,576, which is greater than the US average of $23,100.
The cost of retirement home living in Franklin typically ranges from as little as $1,458 per month all the way up to $3,424 per month. The median cost is approximately $2,159 per month, or around $25,905 annually.
Located within Johnson County, Franklin is a small city in the State of Indiana. It is part of the Indianapolis-Carmel metro area. Though the city is home to 31,036 inhabitants, the encompassing metropolitan area contains a populace of 1,443,509. The 55+ community comprises 25% of the overall population.
The SeniorScore™ for Franklin is 71. The city has a mean per capita income of $24,000 and a mean household income is $53,000 (the Indiana state average is $49,000). The current unemployment rate is about 7.07% and the mean home price is $186,000, which is somewhat higher than the state average of $163,500.
Franklin has moderate mean temperatures, with moderate winters and calm summers. The area receives average levels of precipitation each year. Franklin has an average rate of crime, moderate air quality, and very poor water quality in comparison to other cities in the United States.