1) High Crime 2) No Jobs and 3) Expensive. These are the 7 WORST CITIES in America.
Many Americans are looking to move new a city (moving to California anyone?). Many others are looking to buy real estate investment properties. It's important that you BE CAREFUL and do your research before doing so.
The Worst Cities in America are ones that have dangerous crime, struggling economies, and very high home prices and rents. These are places where it is very difficult for home buyers to afford a home. It also difficult for many people to keep a job. Or to stay safe from crime.
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7) New York, NY
Are you moving to New York? Then you better hope you have a job already lined up. The unemployment rate across the metro is nearly 8.0%, while NYC has lost its most jobs since the Great Depression. At the same time - more than 70% of pre-pandemic office workers are still working remotely. For this struggling economy you get the benefit of paying nearly 10x your income for a house.
6) Anchorage, AK
The most dangerous city in America in 2019. Not only is Anchorage dangerous, it is dark. In the winter this city only gets 5-6 hours of sun per day. Meanwhile, home prices in Anchorage are actually 10% above the US average, meaning you need to pay a premium for the high crime and lack of sunlight.
5) Albuquerque, NM
Another high crime city, ranking 3rd in violent crime. Thankfully the weather here is better than Alaska. But the local economy is just as mediocre, and real estate isn't that cheap. Turns out the portrayal of Albuquerque in Breaking Bad was accurate.
4) San Francisco, CA
Moving to California? Avoid the most expensive metro in America. The typical price of a home in San Francisco is $1.3 million, more than 17x what the average worker makes. At the same time San Francisco is Top 5 in the US for Property Crime. And it's economy is struggling. Who would want to in the Bay Area?
3) Las Vegas, NV
The Las Vegas strip is normally a fun place. But not over the last 18 months. Heavy lay offs during the pandemic mean that the city is down 8% on its job count while wages have only grown a meager 20% the last five years. Compare that to a 67% increase in home prices, with the typical home now selling for almost $400k.
2) Los Angeles, CA
Anyone moving to California? Los Angeles, the 3rd most expensive large metro in the US has the worst unemployment rate at an eye-watering 9.1%. Meanwhile, the average wage in Los Angeles is a meager $35/Hour, not even close enough to match the insane home prices and rents across the Los Angeles Housing Market.
1) Central Valley, CA (Stockton, Fresno, Bakersfield)
And drumroll...7-8 different metros in California's Central Valley take the #1 spot. These areas are truly unique in 1) how destitute their local economies are, 2) how much crime there is, and 3) somehow they're still expensive. Especially a place like Stockton, where home prices are more than 11x higher than average worker earnings.
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Image(s) and/or Footage used under license from Shutterstock.com.
Home Values: https://www.zillow.com/research/data/
Unemployment %: https://www.bls.gov/web/metro.supp.toc.htm
Crime Data: https://ucr.fbi.gov/crime-in-the-u.s/2019/crime-in-the-u.s.-2019/topic-pages/tables/table-6
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0:00 7 WORST CITIES
0:47 The Two Key Questions
1:45 The UGLY TRIFECTA
3:26 New York: The Rotten Apple
5:06 Anchorage: Dark & Dangerous
6:17 Albuquerque: Breaking Bad On Point
8:02 San Francisco: $1.3 Million to be Unemployed
10:39 Las Vegas: The City of Sin
12:00 Los Angeles: 9.1% Unemployment Rate!
13:38 The Haves and the Have Nots
14:53 #1 Worst City in America
17:34 List Rundown for the Road
18:28 DATA AVAILABLE! Join Channel Now!
#WorstCities #MovingOut #MovingtoCalifornia
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