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

7. St. Louis, Mo.

Violent crime per 1,000 people: 17.47 (2nd highest)
Poverty rate: 27.8% (13th highest)
Adult population graduated from high school: 81.5% (36th lowest)
Credit rating: Aa3 (stable outlook)
Population: 319,156

St. Louis has had a hard time controlling violent crime. With 17.47 incidents per 1,000 residents in 2010, the city has the second highest rate of violent crime in the country. This is due in part to the city’s high poverty rate of 27.8% and its median income of $32,688, which is the 10th lowest out of the 100 largest cities. Additionally, nearly 20% of housing units in the city are vacant. All of these measures influence government revenues. Despite this, St. Louis has managed its finances fairly well. While Moody’s credit score is Aa3, the credit agency also reports that the city faces a continued weakening of resident income levels, high unemployment rates and a decreasing population.

(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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