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

6. Stockton, Calif.

Violent crime per 1,000 people: 13.81 (6th highest)
Poverty rate: 23.0% (27th highest)
Adult population graduated from high school: 75% (12th lowest)
Credit rating: Baa1 (negative outlook)
Population: 292,747

Stockton is part of the inland area that also contains Fresno. Stockton was one of the hardest-hit by the burst housing bubble. In 2007, median home value in the city was $364,700. By 2010, that number declined more than 50% to $171,500. This massive drop — the second-largest decline among all major cities — has led to large-scale foreclosures and an increasingly dire economic situation. Stockton has the sixth-highest violent crime rate in the country among major U.S. cities, as well as the second-highest average unemployment rate, at more than 20%. The city currently has a large debt and a weak economy.

(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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