Retirement Communities in Franklin, Indiana

CaringScore for Franklin, IN

CaringScore was designed to help millions of Americans find the best places to retire, age in place, or receive eldercare. The CaringScore for retirement communities in Franklin was based on more than 50 factors in three key categories: health, cost, and livability. By compiling and analyzing this data, Caring.com is able to rate the quality of life you or a loved one might expect should you choose retirement communities in Franklin.

A CaringScore can range from 1 (worst) to 10 (best), and provides a quick way to compare cities, counties, and even specific zip codes. With a CaringScore of 5.5, Franklin is on par with the national average for those seeking retirement communities.

The charts below highlight a few of the factors we used to calculate the CaringScore for Franklin. Choose a category score to learn more.

Physicians Per Capita

Cost of Healthcare Index

Sunny Days Per Year

HealthScore for Franklin, IN

HealthScore, a component of the overall CaringScore for retirement communities in Franklin, rates a region on a scale of 1 (less healthful) to 10 (more healthful). It's specifically tailored to anyone looking for retirement communities. The HealthScore for Franklin is based on the availability of healthcare resources, air and water quality, the overall health of the local population, and other key factors. With a HealthScore of 5.7, Franklin rates above average for those seeking retirement communities.

Easy access to physicians -- especially geriatricians and other key specialists -- is important to older adults. At just 171.3 physicians per capita, Franklin trails the national average by 22.3 percent. Franklin trails the national average in geriatricians per capita by 100.0 percent, with 0, and scores 21.0 percent below the national average in specialists per capita, with 15.4. These medical specialists include cardiologists, oncologists, and orthopedists. The average life expectancy from birth in Franklin is 78.2 years -- on par with the rest of the country. Air quality in Franklin -- one factor in gauging the healthfulness of a region -- is 13.3 percent below average, and water quality -- another key measure of Franklin's environmental health -- trails the national average by 50.9 percent.

Doctors Per Capita	Franklin, IN	Nat'l Avg
Physicians	171.3	220.5
Geriatricians	0	1.3
Cardiologists	3.5	7.7
Oncologists	1.4	3.5
Orthopedists	10.5	7

Average Life Expectancy

CostScore for Franklin, IN

CostScore, part of the overall CaringScore for retirement communities in Franklin, rates the cost of living for older adults on a scale of 1 (more expensive) to 10 (less expensive). It's specifically tailored to people looking for retirement communities. The CostScore for Franklin is based on data such as the average monthly cost of retirement communities in the region, cost of living indices such as housing and healthcare, regional tax rates, and other key factors. With a CostScore of 6.6, the costs associated with retirement communities in Franklin are generally less expensive than the national average.

Because of the broad range of housing, service, and healthcare options available at retirement communities, no average monthly cost data is available for Franklin. The entry fee or purchase price for an independent living community can range from $50,000 to $500,000 or more, and typically requires an additional monthly service fee of $1,000 to $3,000 on average. The cost of living indices below provide the best proxy for comparing costs of retirement communities in Franklin to the rest of the country. Overall, the cost of living for Franklin indexes at 10.0 percent lower than the national average. Average healthcare costs are 3.0 percent cheaper than the national average, and the cost of housing is 29.0 percent less expensive than average.

Cost of Living	Franklin, IN
Aggregate Index	90
Healthcare Index	97
Housing Index	71
Food Index	94
Utilities Index	111
Transportation Index	97

Cost of Healthcare Index

LivabilityScore for Franklin, IN

LivabilityScore makes up part of the overall CaringScore for retirement communities in Franklin. On a scale of 1 (less livable) to 10 (more livable), it's a rating of the quality of life in a region, specifically tailored to those looking for retirement communities. The LivabilityScore for Franklin is based on weather, crime rates, economic factors, average age of the population, and other key demographics. With a LivabilityScore of 3.8, Franklin rates below average for retirement communities.

Weather is an important factor in choosing the best place for retirement communities. The sun shines an average of 189 days each year in Franklin, 7.8 percent fewer sunny days than the rest of the U.S. sees. With an average temperature of 16°F in January, winters tend to be colder in Franklin than in other parts of the country, and summers are often more temperate than other places, averaging 85°F in July.

Local crime rates are another important indicator. The violent crime rate in Franklin is 25.0 percent higher than the national average, and the property crime rate is 75.0 percent higher than average. At $54,263 per year, the population of Franklin earns a median household income on par with the national average. Franklin has an unemployment rate of 7.40 percent, roughly 18.7 percent lower than the national average. And about 14.60 percent of the population in Franklin is of retirement age -- 65 or older -- which exceeds the national average by 10.9 percent.

Sunny Days Per Year

Avg Temperature (°F)

Property Crime Index

Amenities Per Capita	Franklin	Nat'l Avg
Parks	0.2	136.1
Libraries	5.7	18.8
Places of Worship	82.5	220.5
Public Transit	56.3	110.4
Grocery Stores	53.2	97.7
Pharmacies	16.4	13.8

Percent of Population Over Age 65