Do you fancy the unique charm of a small town, away from the hustle and bustle of the big city? If so, Franklin may be just the kind of place that would appeal to you when the time comes for you to start thinking about where you want to retire.
Franklin, in the state of Tennessee, has a population of less than 48,000. 7.4% of these residents are over the age of 65. The average price of a 3-bedroom house for a single family here is around $ 270,000. You’ll find houses that stand alone as well as town houses in Franklin. The average price of the latter is roughly $ 120,000. People in Franklin are generally friendly and tend to mix easily.
With Nashville about 18 miles to the north, Franklin has a Victorian downtown quarter that has found mention in the National Register of Historic Places. So if you’re fond of Victorian architecture, you’ll find plenty of it in Franklin and can have your fill of it. Although Franklin has a fair number of senior citizens, the town also has a wide range of attractions for people of all ages.
It’s a popular perception that Franklin tends to draw younger people who are attracted by the stability of the economy and the availability of jobs. Once they find their feet, their parents pay them a visit and are completely won over by the mild climate. Add the rolling hills and the unhurried pace of life for good measure….. and it won’t take long to figure out that the older generation is sold on Franklin as a wonderful place to settle down. So that ultimately is how they came to arrive in Franklin! Quite unusual. to say the least.
One elderly couple settled in Oklahoma, but their daughter and son in law settled in Franklin. In time, after several visits to Franklin, the couple shifted their base from Oklahoma and moved to Franklin themselves. Old Jake was a retired army man who now found that he was able to keep up with the latest news on military matters. He did this by joining the Middle Tennessee Retired Officers’ Association. You never can tell how events will pan out, can you?
His wife was elected to the board of the homeowners’ association. So eventually they both found interesting ways in which to occupy themselves. And they are in no way unique. There are several similar stories of people who moved to Franklin without actually having planned to, and were able to settle in happily.
Franklin has a number of shops and restaurants that should keep you suitably occupied. Apart from this, golf is also a major attraction and you’ll find an abundance of golf courses – four public courses to be precise – and five private golfing clubs in the town. If you are a football or hockey enthusiast, or a music lover for that matter, there’s plenty for you in Franklin.
If you’re looking at finances, Franklin has a number of surprises for you. For starters, there’s no income tax in Tennessee, apart from tax charged on investment income. Then again, property taxes in Franklin have not changed for 13 years, and the situation is likely to remain static for at least some time to come.
Now that’s a juicy tidbit that should start you thinking in earnest about retiring in Franklin. There’s nothing quite like going easy on the pocket to cheer you up as you get older.
Now that you have all this information about Franklin, it wouldn’t be very surprising if you are actually trying to visualize yourself living there. So if Franklin has captured your interest, maybe you will find yourself living there eventually!