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

4. San Bernardino, Calif

Violent crime per 1,000 people: 8.15 (31st highest)
Poverty rate: 34.6% (2nd highest)
Adult population graduated from high school: 64.1% (2nd lowest)
Credit rating: not rated
Population: 210,670

San Bernardino is the third city from California to make our top worst-run cities list. Its economy has arguably been hit harder by the subprime mortgage crisis than any other major U.S. city. Between 2007 and 2010, median home value dropped 55%, from $327,000 to just $147,200. Along with the massive loss in home values, unemployment rates have skyrocketed to the third-highest in the country among the largest cities. The city also has a poverty rate of nearly 35%. Just 64.1% of adults have a high school diploma.

(iStock Photo)

More From 24/7 Wall St.:
Best-and worst-run states in America
The Worst Product Flops of the Year
Best and worst-run companies in America

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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