There are 18 retirement homes near Franklin, Tennessee. Retirement home living costs in Tennessee range from about $24 up to $103 per day, with an average expenditure running about $64. The per month expense averages around $1,905 and ranges between $715 and $3,080. Annually, the mean cost is about $22,869, which is below the US average of $23,100.
Retirement home living costs in Franklin typically range from about $330 per month to $2,835 per month, with an average cost of around $1,829 per month. This equates to a yearly cost of $21,945.
Franklin is a medium-sized city in Williamson County, Tennessee. It is part of the Nashville-Davidson-Murfreesboro-Franklin metro statistical area. With 90,669 inhabitants living inside the city limits and 1,261,426 in the surrounding metro area, it is the eighth biggest city in Tennessee. The senior community composes around 23% of the overall population.
Franklin has an above average SeniorScore™ of 79. The city's average household income is $86,000 ($41,000 on a per capita basis), in comparison to an average of $39,000 for the state of Tennessee. The average housing price in Franklin is $309,000, which is significantly more than the state average of $163,500. The city also has a moderate unemployment rate of about 5.5%.
Franklin has mild average temperatures, with comfortable winters and warm summers. The area receives very large amounts of rain each year. Franklin has a low rate of crime and good air quality in relation to other cities in the United States.