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

8. Fresno, Calif.

Violent crime per 1,000 people: 6.26 (48th highest)
Poverty rate: 30.2% (9th highest)
Adult population graduated from high school: 74.6% (11th lowest)
Credit rating: A3 (negative outlook)
Population: 496,147

Fresno, which was incorporated in 1885, is California’s largest inland city. Like much of the state, the city’s home values declined by more than 30% between 2007 and 2010. However, the vacancy rate in the city, at 9.8%, is better than average. Fresno’s 12-month average unemployment rate was the fifth-highest among the largest cities in the U.S. Also, more than 30% of the population lives below the poverty line. In October, Moody’s downgraded the city’s long-term debt rating to A2, citing an increasing budget gap and weak financial reserves.

(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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