Millions of Americans find themselves in places that lack jobs, amenities, and security. When it comes to those three things, here are the worst cities to live in.
To determine America’s worst cities to live in, 24/7 Wall St. reviewed data on the 550 U.S. cities with populations of 65,000 or more. The data included a review of several key factors. These include crime rates, employment growth, access to restaurants and attractions, educational attainment, and housing affordability.
Based on that, 24/7 Wall St. identified America’s 50 worst cities to live in.
The Five Worst:
- Fall River, Massachusetts
- Hawthorne, California
- Paterson, New Jersey
- Detroit, Michigan
- Miami, Florida
Residents of the worst cities to live in tend to have lower incomes and higher poverty rates. Of the 50 worst cities, only eight have median incomes higher than the nationwide median households income of $53,657 a year. In 29 of the 50 cities, more than 25% of the population lives in poverty, in contrast with the national poverty rate of 15.5%.
“How far a paycheck can go in a given city is just as important as the size of the paycheck — and some cities are far more expensive than others.
Housing usually dominates household budgets. Nationwide, the typical home costs 3.4 times the annual typical household income.
Housing is less affordable than it is nationally in half of the worst cities to live in. In San Francisco, the typical home costs 10 times the city’s annual median household income.
Unfortunately, broad macroeconomic studies like these never allow you to see exactly how your own personal financial picture would look if you were to determine just how bad these places are compared to somewhere else you could be living. Now you can! Just download the City V$ City cost of living calculator to find out.