There are 20 retirement homes near Franklin, Ohio. Retirement home care costs in Ohio range from about $25 to $179 per day, with an average expense running about $73. The per month expense averages roughly $2,184 and ranges between $761 and $5,379. Yearly, the median cost is about $26,205, which is greater than the national average of $23,100.
Retirement home living costs in Franklin typically range from $482 per month to $5,569 per month, with a median cost of around $2,261 per month. This equates to a yearly cost of around $27,126.
Located within Warren County, Franklin is a small city in the State of Ohio. It is part of the Cincinnati-Middletown metropolitan statistical area. Though the city has 29,963 people, the surrounding metro area includes a population of 1,314,305. The 55+ community currently represents about 27% of the overall population.
Franklin has an above average SeniorScore™ of 77. The city has an average per capita income of $24,000. The mean household income is $54,000 compared to the average of $49,000 for the entire state of Ohio. The current unemployment rate is roughly 9.31% and the mean home price is $195,000, which is relatively higher than the state average of $177,000.
Franklin has moderate average temperatures, with moderate winters and mildly warm summers. The city gets average amounts of precipitation each year. Compared to similarly-sized cities, Franklin has below average air quality ratings and excellent water quality.