Franklin, TN vs Memphis, TN
Side-by-side fiscal comparison · U.S. Census Bureau data (2023)
Memphis, TN spends 57% more per resident than Franklin, TN: $22,111 against $14,081. That gap is large enough to show up across most functional budget categories below.
Franklin, TN holds the stronger Fiscal Health Score, 86/100 (grade A) against 65/100 (grade B) for Memphis, TN — a 21-point spread that puts the two in different grade territory.
Franklin, TN reports no outstanding debt per resident in its Census filing, while Memphis, TN carries $303 per resident. Their budgets diverge on where the largest per-resident dollars go: Franklin, TN leads with fire protection at $1,221 per resident, while Memphis, TN leads with parks and recreation at $1,397.
They also fund themselves differently: other revenue is the largest single revenue source in Franklin, TN at 19% of total revenue, whereas Memphis, TN relies most on intergovernmental transfers at 100%.
Summary
Memphis spends 36.3% more per capita than Franklin ($8,030/person difference). Franklin, TN has the stronger Fiscal Health Score (A, 86/100).
Fiscal Health Score
Key Metrics
Per Capita Spending by Department
Revenue Breakdown (Per Capita)
| Property Tax | $0 | $10 |
| Sales Tax | $18 | $496 |
| Income Tax | $1,305 | $1,218 |
| Intergovernmental | $870 | $34,065 |
| Charges & Fees | $1,759 | $2,077 |
| Other | $3,204 | $3,994 |
Spending Breakdown (Per Capita)
| Fire Protection | $1,221 | $469 |
| Highways & Roads | $0 | $277 |
| Public Welfare | $1,715 | $630 |
| Health | $0 | $391 |
| Hospitals | $1,026 | $1,677 |
| Parks & Recreation | $755 | $1,397 |
| Housing | $2,660 | $4,683 |
| Utilities | $2,599 | $2,578 |
| Interest on Debt | $412 | $1,158 |
| Other | $3,693 | $8,850 |
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Source: Census Annual Survey of State and Local Government Finances, 2026.