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Franklin, Tennessee Retirement Guide
tax-friendly for retireesestablished retirement community
50
Retirement Score
Franklin, Tennessee at a Glance
- Median Home Price
- $696,000
- State Income Tax
- No state income tax; Social Security and pension income fully exempt.
- Avg January Low
- 24.1°F
- Cost of Living Index
- 91.8 (US avg = 100)
- Best For
- tax-friendly for retirees, established retirement community
- RetireCityIQ Score
- 50 / 100
Things to Consider
- limited healthcare options
Retirement Data
Affordability
Cost of Living Index
91.8 (U.S. avg = 100)Medium confidence
BEA Regional Price Parities · Updated March 2026
Median Home Price
$696,000High confidence
U.S. Census ACS 1-Year · Updated April 2026
Median Monthly Rent
$1,921High confidence
U.S. Census ACS 1-Year · Updated April 2026
Taxes
Retirement Tax Score
100 / 100Medium confidence
Tax Foundation · Updated March 2026
Tax Details
No state income tax; Social Security and pension income fully exempt.Medium confidence
Tax Foundation · Updated March 2026
Retiree Readiness (Sprint 2)
Care Access Score (proxy)
28.1 / 100High confidence
RetireCityIQ proxy model · Updated April 2026
Aging-in-Place Score (proxy)
43.4 / 100High confidence
RetireCityIQ proxy model · Updated April 2026
Healthcare
Healthcare Access Score
28.1 / 100Medium confidence
CMS Hospital General Information · Updated March 2026
Climate
Avg July High
84.7°FMedium confidence
Open-Meteo Historical Weather (ERA5) · Updated March 2026
Avg January Low
24.1°FMedium confidence
Open-Meteo Historical Weather (ERA5) · Updated March 2026
Annual Precipitation
43.5"Medium confidence
Open-Meteo Historical Weather (ERA5) · Updated March 2026
Sunny Days / Year
273 daysMedium confidence
Open-Meteo Historical Weather (ERA5) · Updated March 2026
Safety
Safety Score
100 / 100Medium confidence
FBI Crime Data Explorer · Updated March 2026
Walkability
Walk Score (proxy)
7.3 / 100Medium confidence
U.S. Census ACS 5-Year (B08301) · Updated March 2026
Transit Score (proxy)
0.8 / 100Medium confidence
U.S. Census ACS 5-Year (B08301) · Updated March 2026
Demographics
Population
83,630High confidence
U.S. Census ACS 5-Year · Updated April 2026
Median Age
37.8High confidence
U.S. Census ACS 5-Year · Updated April 2026
Age 65+
13.9%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Median Household Income
$106,592High confidence
U.S. Census ACS 5-Year · Updated April 2026
Community Profile
Owner-Occupied Housing
63.8%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Veterans
5.4%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Bachelor's Degree+
63.4%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Poverty Rate
5.1%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Diversity
White
77.8%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Black
6.3%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Hispanic/Latino
5.8%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Asian
8.8%High confidence
U.S. Census ACS 5-Year · Updated April 2026
10-Year Housing Stress Test (Estimate)
Estimate monthly homeowner carrying cost in Franklin using median home price and adjustable assumptions. Stress case applies +10% property tax, +20% insurance, +10% maintenance.
Estimated monthly carrying cost
$1,508
Stress-case monthly carrying cost
$1,694
Median home price used: $696,000
Median rent reference: $1,921 / month
Estimate includes property tax, insurance, maintenance reserve, and HOA. It excludes mortgage, utilities, and one-time transaction costs.