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

America’s Poorest Cities

5. Gadsden, Ala.

Median household income: $33,313

Population: 104,303 (29th lowest)

Unemployment rate: 9.1% (144th highest)

Pct. households below poverty line: 21.0% (47th highest)

The median household income in the Gadsden area dropped by about $4,500 between 2007 and 2011. Manufacturing is prominent in the region, with more than 17% of Gadsden residents in the labor force working in the industry. The proportion of people working in manufacturing was down from 22% back in 2007. The median home value in the area rose nearly 13% between 2010 and 2011, the fifth-largest growth percentage across all metro areas.

(AP Photo/Rainier Ehrhardt)

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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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