Franklin, TN vs Memphis, TN
Side-by-side fiscal comparison · U.S. Census Bureau data (2023)
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
A
86/100
Budget Balance89
Debt Burden100
Pension Funding76
Spending Efficiency89
Revenue Diversity100
Trend Direction50
B
65/100
Budget Balance52
Debt Burden100
Pension Funding76
Spending Efficiency79
Revenue Diversity0
Trend Direction50
Key Metrics
Metric
Franklin
Memphis
Total Spending
$1.2B
$13.9B
Spending / Capita
$14,081
$22,111
Total Revenue
$1.4B
$21.5B
Revenue / Capita
$16,873
$34,065
Total Debt
$0
$191.2M
Debt / Capita
$0
$303
Population
83,630
630,027
Gov Employees / 10K
0.0
0.0
Avg Gov Salary
$0
$0
Per Capita Spending by Department
Fire Protection
Franklin$1,221
Memphis$469
Highways & Roads
Franklin$0
Memphis$277
Parks & Recreation
Franklin$755
Memphis$1,397
Health
Franklin$0
Memphis$391
Revenue Breakdown (Per Capita)
FranklinMemphis
| 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)
FranklinMemphis
| 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 |
A
Franklin, TN
Fiscal Health Score: 86/100
Excellent fiscal health
B
Memphis, TN
Fiscal Health Score: 65/100
Good fiscal health