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24/7 Wall St: Worst-Run Cities in America

2. Detroit, Mich.

Violent crime per 1,000 people: 18.87 (the highest)
Poverty rate: 37.6% (the highest)
Adult population graduated from high school: 77.4% (18th lowest)
Credit rating: Ba3 (on review)
Population: 711,910

Despite being more notorious for its troubles than any other major U.S. city, Detroit managed to avoid the title of worst-run city in the country. The city has been in a tough spot for decades, but continued problems with corruption and poor management have not helped matters. Detroit already sports the worst credit rating awarded by Moody’s and is the only one of the 100 largest cities in the U.S. to have a rating below investment grade. Worse still, the rating agency is currently reviewing the Ba3 rating — which already had a negative outlook — after the state of Michigan announced it was evaluating whether the city’s troubles constituted an economic crisis. Of the 100 largest cities, Detroit has the highest home vacancy rate, the highest unemployment rate, the highest poverty rate, the worst violent crime rate and the lowest median household income.

(iStock Photo)

More From 24/7 Wall St.:
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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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