2025 Compare Cities Economy:
Franklin, NC vs Memphis, TN

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Highlights
- Household income in Memphis, is 22% more than it is in Franklin and is 57% below the National Average.
- Franklin unemployment rate is 4.2%.
- Memphis unemployment rate is 8.0%.
 Franklin, NCMemphis, TNUnited States
 Unemployment Rate  Unlock8.0%6.0%
 Recent Job Growth  Unlock2.1%1.6%
 Future Job Growth30.4%  Unlock33.5%
 Sales Taxes6.8%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$24,593  Unlock$37,638
 Household Income  Unlock$43,981$69,021
 Family Median Income$55,647  Unlock$85,028
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 Est. Households By Income
 Franklin, NCMemphis, TNUnited States
 Income Less Than 15K  Unlock17.7%9.4%
 Income between 15K and 20K8.6%  Unlock3.8%
 Income between 20K and 30K  Unlock12.0%8.1%
 Income between 30K and 40K17.0%  Unlock8.0%
 Income between 40K and 50K  Unlock9.2%7.6%
 Income between 50K and 60K4.5%  Unlock7.2%
 Income between 60K and 75K  Unlock9.2%9.6%
 Income between 75K and 100K10.5%  Unlock12.8%
 Income between 100K and 150K  Unlock9.6%16.3%
 Income between 150K and 200K1.8%  Unlock7.8%
 Income greater than 200K  Unlock4.7%9.5%
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 Population By Occupation
 Franklin, NCMemphis, TNUnited States
 Management, business, finance13.0%  Unlock16.4%
 Engineering, computers, science  Unlock3.7%6.5%
 Community, social services1.8%  Unlock1.8%
 Legal  Unlock0.9%1.2%
 Education, library3.1%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.5%2.0%
 Healthcare practitioners and technology3.0%  Unlock6.2%
 Healthcare support  Unlock3.4%3.3%
 Firefighters, law enforcement0.9%  Unlock2.1%
 Food preparation, serving  Unlock6.1%5.4%
 Building maintenance11.1%  Unlock3.6%
 Personal care  Unlock2.4%2.6%
 Sales, office, administrative support17.9%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.2%0.6%
 Construction, extraction, maintenance/repair12.5%  Unlock8.1%
 Production, transportation, material moving  Unlock20.7%13.1%
Reviews for Franklin    4 Reviews

Great mountain town. Friendly people and lots to do.  More

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Over 10 years ago

I agree with some of the posts on here saying that Franklin is more than willing to take your money, but it's difficult to fit in if you 'aren't from around here, are  More

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Franklin will welcome you if you are a vacationer but move here and it is a whole different story. We are one of those families that would vacation here every year and  More

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Reviews for Memphis    148 Reviews

I was mugged my very first night in Memphis. They tried to take my iPhone. I was walking only a block from my house in a "safe" area, too.  More

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Memphis is a city with a history of civil rights, slavery , blues and rockn'roll music. It's a great place for a weekend getaway. This city has lots of great things to  More

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Over 5 years ago

Do you like being panhandled every 30 seconds? Love that cool ambiance of gangs? Are drugs your thing? Then you will love Memphis. Had good times here in the 90’s, the  More

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