10 Reasons to Retire in Franklin TN: A Comprehensive Guide

Franklin, Tennessee, is a charming city located just south of Nashville. It is known for its rich history, beautiful architecture, and thriving downtown area. But what makes Franklin a great place to retire? Here are ten reasons why Franklin, TN, might just be the perfect place to spend your golden years.

First, Franklin has a low cost of living compared to other major cities in the United States. This means that your retirement savings will go further, and you can enjoy a high quality of life without breaking the bank. Second, the city has a strong economy, with a low unemployment rate and a diverse range of job opportunities.

This means that if you want to continue working part-time or start a small business in retirement, Franklin is a great place to do so.

Third, Franklin is a health-conscious city, with plenty of opportunities for outdoor activities and access to quality healthcare.

The city has numerous parks and green spaces, including the beautiful Harlinsdale Farm, which offers hiking trails, horseback riding, and other outdoor activities. Additionally, Franklin is home to several top-rated hospitals and medical centers, ensuring that retirees have access to quality healthcare when they need it.

Affordable Cost of Living

Retiring in Franklin, TN is an attractive option for those looking for an affordable cost of living. The city offers a range of benefits, including tax benefits, real estate value, and low utility costs.

Tax Benefits

One of the most significant advantages of retiring in Franklin, TN is the tax benefits. The state of Tennessee does not have a state income tax, which means retirees can keep more of their money. Additionally, the state sales tax rate is relatively low at 7%, and there are exemptions for groceries, prescription drugs, and some clothing items. Property taxes are also lower than the national average, making it an affordable place to own a home.

Real Estate Value

Franklin, TN is an affordable place to live, with a median home value of $399,900, which is lower than the national average. Retirees can find a variety of housing options, including apartments, condos, and single-family homes.

The city is known for its historic homes, which offer a unique living experience. The cost of living is also lower than the national average, making it an affordable place to retire.

Low Utility Costs

Utility costs in Franklin, TN are lower than the national average. The city has a moderate climate, which means heating and cooling costs are lower than in other parts of the country. Additionally, the city has a range of energy-efficient programs, which help residents save money on their utility bills. The city also has a range of public transportation options, which can help retirees save money on gas and car maintenance.

Overall, Franklin, TN is an affordable place to retire, with a range of benefits, including tax benefits, real estate value, and low utility costs. Retirees can enjoy a comfortable lifestyle without breaking the bank.

Pleasant Climate

Franklin, TN has a pleasant climate throughout the year, making it an ideal place for retirees. The city enjoys mild winters and warm summers, and residents never have to worry about being drenched or freezing.

Mild Winters

Franklin has an average annual precipitation of 53 inches and an average annual snowfall of 4 inches, making the winters mild and comfortable. The coldest month is January, with an average temperature of 36°F. The city rarely experiences extreme cold weather, and residents can enjoy outdoor activities throughout the year.

Warm Summers

The summers in Franklin are warm and enjoyable, with an average temperature of 79°F. The hottest month is July, with an average temperature of 89°F. However, the humidity levels are relatively low compared to other parts of the country, making the weather more bearable.

Overall, the pleasant climate in Franklin, TN is a significant draw for retirees looking for a comfortable place to settle down. The mild winters and warm summers allow residents to enjoy a variety of outdoor activities throughout the year.

Healthcare Facilities

Franklin, TN has a robust healthcare system with many top-rated hospitals and medical facilities to choose from. The city boasts a number of healthcare facilities, including hospitals, clinics, and assisted living facilities.

Top-Rated Hospitals

Franklin is home to several top-rated hospitals, including Williamson Medical Center and Vanderbilt University Medical Center. Williamson Medical Center is a full-service hospital that provides a wide range of medical services, including emergency care, cancer care, and women's health services. The hospital is known for its high-quality care and has been recognized by several organizations for its excellence in patient care.

Vanderbilt University Medical Center is another top-rated hospital located in Franklin. The hospital is recognized as one of the best hospitals in the country and is known for its cutting-edge medical research and innovative treatments. Vanderbilt University Medical Center is also home to several specialty clinics, including the Vanderbilt Heart and Vascular Institute and the Vanderbilt Ingram Cancer Center.

Accessibility of Medical Services

In addition to top-rated hospitals, Franklin also has a number of medical clinics and assisted living facilities that provide a wide range of medical services. The city has several clinics that specialize in various medical fields, including cardiology, dermatology, and pediatrics. These clinics provide high-quality medical care and are easily accessible for residents of Franklin.

For seniors, Franklin offers a variety of assisted living facilities that provide medical care and support services. These facilities offer a range of services, including medication management, meal preparation, and assistance with daily activities. Many of these facilities are located in close proximity to medical clinics and hospitals, making it easy for seniors to access the medical care they need.

Overall, Franklin, TN is an excellent place to retire for those who value high-quality medical care and accessibility to medical services. The city's top-rated hospitals, medical clinics, and assisted living facilities provide residents with the peace of mind that comes with knowing they have access to the best possible medical care.

Community and Culture

Retiring in Franklin, TN means becoming a part of a welcoming community with a rich culture. Here are some of the reasons why Franklin is a great place to retire:

Friendly Neighborhoods

Franklin is known for its friendly neighborhoods where residents look out for each other. The city has a small-town feel with a strong sense of community. Retirees can easily make friends with their neighbors and participate in community events. The neighborhoods are safe and well-maintained, making it a great place to walk, bike, or take a stroll.

Local Events and Festivals

Franklin is home to many local events and festivals that celebrate the city's culture and history. The Main Street Festival is one of the most popular events, featuring live music, food, and arts and crafts. The Pilgrimage Music and Cultural Festival is another popular event that attracts music lovers from all over the country. The Franklin Farmers Market is a weekly event that offers fresh produce, baked goods, and other local products.

Overall, Franklin's community and culture make it an excellent place to retire. The friendly neighborhoods and local events make it easy to feel at home and stay engaged with the community.

Outdoor Recreation

When it comes to outdoor recreation, Franklin, TN has plenty to offer. From parks and green spaces to nature trails, retirees can enjoy the great outdoors all year round.

Parks and Green Spaces

Franklin has a variety of parks and green spaces to choose from. One of the most popular parks in the area is Pinkerton Park, which features a playground, pavilion, and walking trails. Another great option is the Winstead Hill Park, which offers stunning views of the surrounding landscape.

For those who enjoy fishing, the Westhaven Lake is a great spot to cast a line. This 15-acre lake is stocked with a variety of fish, including bass, bluegill, and catfish.

Proximity to Nature Trails

Franklin is also home to a number of nature trails, making it easy for retirees to stay active and enjoy the natural beauty of the area. One popular option is the Natchez Trace Parkway, which runs through Franklin and offers stunning views of the surrounding countryside.

For those who prefer a more challenging hike, the Timberland Park is a great option. This park features a variety of trails, ranging from easy to difficult, and offers stunning views of the area's natural beauty.

Overall, Franklin, TN is a great place for retirees who enjoy spending time outdoors. With its many parks, green spaces, and nature trails, there's always something new to explore.

Safety and Security

Retiring in a safe and secure location is a top priority for many retirees. Fortunately, Franklin, TN, has a low crime rate, making it one of the safest cities in Tennessee.

Low Crime Rates

According to Home & Money, Franklin's crime rate is 64% lower than the state average and 51% lower than the national average, making it the fourth safest city in Tennessee. The Franklin Police Department has 132 officers on duty who are committed to providing safety and security to the city's residents.

This low crime rate is reassuring for retirees who want to enjoy their golden years without worrying about their safety. Retirees can feel secure in their homes and neighborhoods, knowing that they are protected by a dedicated police force.

In summary, Franklin, TN, is a safe and secure place to retire, with a low crime rate and a committed police force. Retirees can enjoy their retirement years with peace of mind, knowing that they are living in a secure location.

Convenient Location

Franklin, TN is a great place to retire due to its convenient location.

Ease of Travel

One of the reasons for this is the ease of travel. Franklin is located just 20 miles south of Nashville, which is a major transportation hub. The Nashville International Airport is located in Nashville, which is just a short drive from Franklin. This makes it easy for retirees to travel to and from Franklin.

Nearby Amenities

Another reason for the convenient location is the nearby amenities. Franklin is located near major shopping centers, hospitals, and other amenities. The Cool Springs Galleria, which is a large shopping center, is located just a few miles from Franklin. This makes it easy for retirees to access all the amenities they need without having to travel far.

Moreover, Franklin is located near several major hospitals, such as the Vanderbilt University Medical Center and the Saint Thomas Hospital. This means that retirees have access to top-notch medical care without having to travel far from home.

Overall, the convenient location of Franklin, TN makes it an ideal place for retirees who want to enjoy all the amenities of a major city while still enjoying the peace and quiet of a small town.

Retirement Communities

Franklin, TN is known for its excellent retirement communities. Retirees can choose from a variety of senior living options to suit their needs and preferences.

Senior Living Options

There are several senior living communities in Franklin, TN that offer independent living, assisted living, and memory care services. Some of the top-rated retirement communities in Franklin include:

• Southern Care Assisted Living
• Charter Senior Living of Franklin
• Morning Pointe of Franklin
• The Manor at Steeplechase
• Belvedere Commons of Franklin

These communities offer a range of amenities and services, including 24-hour care, housekeeping, transportation, social activities, fitness programs, and more.

Retirees can also choose from a variety of housing options, including apartments, villas, and cottages. Many communities offer customizable floor plans and modern appliances to ensure a comfortable and convenient living experience.

Overall, Franklin, TN is an excellent place to retire, thanks to its welcoming community, beautiful scenery, and excellent senior living options.

Investment Opportunities

Franklin, TN, is a thriving city with a booming economy. This makes it a great place for retirees who are looking to invest their money. There are many investment opportunities available in Franklin, TN, that retirees can take advantage of.

Real estate is one of the most popular investment opportunities in Franklin, TN. The city has a strong housing market, and property values have been steadily increasing over the years. Retirees can invest in rental properties, which can provide a steady stream of income. They can also purchase a home in Franklin, TN, and enjoy the benefits of homeownership.

Another investment opportunity in Franklin, TN, is the stock market. The city is home to many successful companies, and retirees can invest in these companies through the stock market. There are also many financial advisors in Franklin, TN, who can help retirees make informed investment decisions.

Retirees can also invest in small businesses in Franklin, TN. The city has a thriving entrepreneurial community, and there are many small businesses that are looking for investors. Retirees can invest in these businesses and help them grow while earning a return on their investment.

Overall, Franklin, TN, offers many investment opportunities for retirees. Whether they want to invest in real estate, the stock market, or small businesses, there are many options available to them. Retirees should consult with a financial advisor to determine the best investment strategy for their needs.

Local Cuisine and Dining

Franklin, TN, is a foodie's paradise with a diverse range of cuisine options. From Southern comfort food to international flavors, there is something for everyone.

One of the most popular dining destinations in Franklin is Puckett's Grocery & Restaurant. This establishment is known for its Southern-style cuisine, live music, and laid-back atmosphere. Visitors can enjoy classic dishes such as fried chicken, meatloaf, and mac and cheese, as well as more unique items like the "Redneck Burrito" and "Pork Belly BLT."

For those looking for a fine dining experience, Cork & Cow is a must-visit. This upscale steakhouse offers a wide variety of high-quality meats and seafood, as well as an extensive wine list. The restaurant's elegant decor and attentive service make it the perfect spot for a special occasion.

Another popular dining spot is Gray's on Main, which is housed in a historic building in downtown Franklin. The restaurant's menu features a mix of Southern and international cuisine, with dishes such as shrimp and grits, fish and chips, and Korean BBQ.

In addition to these restaurants, Franklin is also home to numerous cafes, bakeries, and bars. For a quick bite, visitors can stop by Merridee's Breadbasket, a local bakery that has been serving up fresh bread and pastries since 1984. For a refreshing drink, they can head to Franklin Juice Company, which offers a variety of cold-pressed juices and smoothies.

Overall, Franklin's dining scene is a testament to the city's vibrant culture and diverse community. With so many options to choose from, visitors are sure to find something that satisfies their taste buds.

Frequently Asked Questions

What are the top amenities that attract retirees to Franklin, TN?

Franklin, TN has a lot to offer retirees in terms of amenities. With its charming downtown area, retirees can enjoy a variety of boutique shops, restaurants, and cafes. The city also boasts a number of parks and recreational facilities, including the Franklin Recreation Complex and the Williamson County Indoor Sports Complex. Additionally, the city is home to several golf courses and country clubs, which are popular among retirees.

How does the cost of living in Franklin, TN compare to the national average for retirees?

While the cost of living in Franklin, TN is higher than the national average, it is still considered affordable for retirees. According to Unbiased.com, the cost of living in Franklin is 4% higher than the national average. However, the city's low property taxes and lack of state income tax help to offset some of these costs.

What types of recreational activities are available for seniors in Franklin, TN?

Franklin, TN offers a variety of recreational activities for seniors. The city has a number of parks and trails, including the Natchez Trace Parkway, which is a popular spot for hiking and biking. Additionally, the Franklin Recreation Complex offers a variety of fitness classes and sports leagues for seniors. The Williamson County Parks and Recreation Department also offers a number of programs and activities specifically for seniors.

Can you describe the healthcare facilities and services in Franklin for retired individuals?

Franklin, TN is home to several healthcare facilities that cater to retired individuals. The city has several hospitals, including Williamson Medical Center, which is a 185-bed hospital that offers a variety of medical services. Additionally, the city has several assisted living and retirement communities, including Morning Pointe of Franklin and The Hearth at Franklin.

What are the property tax rates like for retirees living in Franklin, TN?

Property tax rates in Franklin, TN are relatively low, making it an attractive place for retirees to live. According to Unbiased.com, the average property tax rate in Franklin is 0.62%, which is lower than the national average of 1.07%. Additionally, Tennessee does not have a state income tax, which can help offset some of the costs associated with property taxes.

How does the climate in Franklin, TN appeal to those looking to retire?

The climate in Franklin, TN is mild and pleasant, making it an attractive place for retirees to live. The city experiences all four seasons, with mild winters and warm summers. According to Home & Money, the average temperature in Franklin is around 60 degrees Fahrenheit, making it a comfortable place to live year-round.