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24/7 Wall St.: America's Richest and Poorest Cities

America’s Poorest Cities

1. McAllen-Edinburg-Mission, Tex.

Median household income: $31,077

Population: 797,810 (68th highest)

Unemployment rate: 12% (34th highest)

Pct. households below poverty line: 37.7% (the highest)

While median income fell by $642 across the U.S. between 2010 and 2011, median income in the McAllen area fell by a whopping $3,653 over the same period. More than 37% of the population did not have health insurance, which was the highest percentage of all metro areas in the U.S. The median home value of $77,600, while up more than 11% since 2007, was still the second-lowest among all metro areas in the country. Nearly 29% of all homes were worth less than $50,000, the highest-rate of all metro areas.

(iStock Photo)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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