Saturday, January 21, 2012

Miami is at the Bottom of the Barrel in Yet Another Report. By Geniusofdespair

I am sure you already heard but in case you haven't Miami is number one as the worst run city according to 24/7 Wall St:

1. Miami, Fla.
  • Violent crime per 1,000 people: 11.08 (13th highest)
  • Poverty rate: 32.4 percent (5th highest)
  • Adult population graduated from high school: 68.2 percent (4th lowest)
  • Credit rating: A2 (stable outlook)
  • Population: 400,892
According to a 2011 UBS study, Miami is the richest city in the country and the fourth richest city in the world by domestic purchasing power. However, a 2011 study by the Census Bureau found the Miami metropolitan area also had the second-highest income inequality rate in the nation — probably due to the incredibly high percentage of households living below the poverty line. Despite the city’s wealth, Miami’s median household income of $27,291 is the third smallest among the 100 biggest cities. Its poverty rate of 32.4 percent is the fifth highest. The city faces a handful of other problems. Only 68.2 percent of adults have a high school diploma or more — the fourth lowest rate.

A 2011 Brookings Institute report put Miami among the 20 weakest-performing metropolitan statistical areas in the country with regards to recovering from the recession, due in large part to the crash of its housing market.

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