Memphis, TN vs Indianapolis city (balance), IN
Side-by-side fiscal comparison · U.S. Census Bureau data (2023)
Indianapolis city (balance), IN outspends Memphis, TN by a wide margin per resident — $46,045 versus $22,111, a 108% difference. A gap this size usually reflects a structurally different service mix or accounting scope rather than a single line item.
Indianapolis city (balance), IN holds the stronger Fiscal Health Score, 74/100 (grade B) against 65/100 (grade B) for Memphis, TN — a 9-point spread that puts the two in different grade territory.
On debt, Memphis, TN carries the lighter load at $303 per resident versus $577 for Indianapolis city (balance), IN. Their budgets diverge on where the largest per-resident dollars go: Memphis, TN leads with parks and recreation at $1,397 per resident, while Indianapolis city (balance), IN leads with police at $2,032.
They also fund themselves differently: intergovernmental transfers is the largest single revenue source in Memphis, TN at 100% of total revenue, whereas Indianapolis city (balance), IN relies most on other revenue at 6%.
Summary
Indianapolis city (balance) spends 52.0% more per capita than Memphis ($23,934/person difference). Indianapolis city (balance), IN has the stronger Fiscal Health Score (B, 74/100).
Fiscal Health Score
Key Metrics
Per Capita Spending by Department
Revenue Breakdown (Per Capita)
| Property Tax | $10 | $20 |
| Sales Tax | $496 | $178 |
| Income Tax | $1,218 | $136 |
| Intergovernmental | $34,065 | $1,312 |
| Charges & Fees | $2,077 | $2,813 |
| Other | $3,994 | $4,675 |
Spending Breakdown (Per Capita)
| Police | $0 | $2,032 |
| Fire Protection | $469 | $397 |
| Highways & Roads | $277 | $0 |
| Public Welfare | $630 | $1,469 |
| Health | $391 | $0 |
| Hospitals | $1,677 | $2,453 |
| Parks & Recreation | $1,397 | $798 |
| Housing | $4,683 | $2,664 |
| Sewerage | $0 | $248 |
| Utilities | $2,578 | $2,227 |
| Interest on Debt | $1,158 | $1,381 |
| General Admin | $0 | $23,227 |
| Other | $8,850 | $9,149 |
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Source: Census Annual Survey of State and Local Government Finances, 2026.