2. Miami, Fla. Population
: 408,760 Credit rating
: A2, negative outlook Violent crime per 1,000 people
: 11.98 (12th highest) Unemployment rate
: 12.4% (17th highest)
Between 2007 and 2011, the median home value in Miami fell by 43.5%. Additionally, the city had one of the nation’s lowest median household incomes, at under $29,000, while 31% of residents lived below the poverty line — nearly twice the U.S. rate of 15.9%. Despite the difficult economic conditions Miamians faced, the city joined with Miami-Dade County to pay for almost 80% of the more-than $600 million cost of building a new baseball stadium for the Miami Marlins. The deal has caused significant uproar. While taxpayers pay extremely high costs to service the stadium debt, the team has traded many of its top players. In 2011, the SEC launched an investigation into the agreement.
(iStock) More From 24/7 Wall St.
: America's Best- and Worst-Run States America's Most Hated Companies Nine Beers Americans No Longer Drink The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.