Fact text

  • Franklin's population has grown more than fivefold since 1980, making it one of the fastest-growing suburbs in the entire country.
  • An old factory in Franklin started as Dortch Stove Works in 1928, became a Magic Chef appliance plant, and is now a trendy mix of offices, restaurants, and event spaces.
  • Franklin is named after Benjamin Franklin, one of America's most famous founding fathers.
Your
Franklin
Retirement Outlook — in 90 seconds
Hosted by Michael McMillan, President of Annuities.net
Every figure mentioned is drawn from the same sourced public data shown below — and the video updates as the data does.
Stat icon
80675
+
Total Population
Stat icon
$
100169
Median Income
Stat icon
$
438800
Median Home
Stat icon
13
%
Age 65+
Retirement Suitability
How
Franklin
ranks for retirees?
69
/ 100

A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.

Tax
79
Affordability
36
Healthcare
99
Climate
41

Results

Franklin

Suitability Breakdown

Retirement tax planning
01 - Taxes

Retirement Tax Treatment

Tax
79

Tennessee levies no state income tax, meaning Social Security, pension payments, and retirement account withdrawals are fully state-tax-free.

State sales tax here runs about

7

%.

Source · Tax Foundation
79
7
Retirement tax planning
02 - Income

Annuity Rates Available Here

Affordability
36

Fixed annuity rates reach up to

7

% on 5-year terms, with most landing between

5

% and

5

%.

Source · Cannex
36
Retirement tax planning
03 - Healthcare

Hospital Access & Quality

Healthcare
99

The area has

1

Medicare-certified hospitals, averaging a

5

/5 CMS quality rating.

Source · CMS Hospital Compare
5
Retirement tax planning
04 - Climate

Weather & Comfort

Climate
41

A

Temperate

climate — summers peak near

89

°F, winters dip to about

29

°F, with roughly

2

″ of snow a year.

Source · NOAA Climate Normals
Temperate
Retirement tax planning
05 - Risk

Natural Disaster Risk

Risk
Relatively Moderate

FEMA's overall natural-disaster risk rating for this county on the National Risk Index.

Source · FEMA National Risk Index
Relatively Moderate

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