Memphis, TN vs Franklin, 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: Memphis, TN leads with parks and recreation at $1,397 per resident, while Franklin, TN leads with fire protection at $1,221.
They also fund themselves differently: intergovernmental transfers is the largest single revenue source in Memphis, TN at 100% of total revenue, whereas Franklin, TN relies most on other revenue at 19%.
Summary
Memphis spends 57.0% 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 | $10 | $0 |
| Sales Tax | $496 | $18 |
| Income Tax | $1,218 | $1,305 |
| Intergovernmental | $34,065 | $870 |
| Charges & Fees | $2,077 | $1,759 |
| Other | $3,994 | $3,204 |
Spending Breakdown (Per Capita)
| Fire Protection | $469 | $1,221 |
| Highways & Roads | $277 | $0 |
| Public Welfare | $630 | $1,715 |
| Health | $391 | $0 |
| Hospitals | $1,677 | $1,026 |
| Parks & Recreation | $1,397 | $755 |
| Housing | $4,683 | $2,660 |
| Utilities | $2,578 | $2,599 |
| Interest on Debt | $1,158 | $412 |
| Other | $8,850 | $3,693 |
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Source: Census Annual Survey of State and Local Government Finances, 2026.