24/7 Wall St Ranks Fall River, MA the 5th Worst City in America
GoLocalProv Business Team
24/7 Wall St Ranks Fall River, MA the 5th Worst City in America
The worst city in America is Miami -- a great place to visit, but a terrible place to live.
"No city in the United States is worse to live in than Miami. The city’s median home value of $245,000 is well above the national median of $181,200. However, with a median household income of only $31,917 a year, well below the national median of $53,657, most of these homes are either out of reach or a financial burden on most Miami residents," according to the rankings.
Here is what 24/7 Wall St said about Fall River:
> Population: 88,705
> Median home value: $230,600
> Poverty rate: 22.8%
> Pct. with at least a bachelor’s degree: 13.1%
The median household income in fall river is only $35,037, just roughly half the income a typical Massachusetts household earns and about $18,500 less than the income the typical American household earns. Placing further pressure on residents wallets, a single dollar also has less purchasing power in the city as goods and services are roughly 19% more expensive in the city than they are across the country as a whole. In Fall River, 22.8% of people live below the poverty line, a considerably larger share than the 15.5% of impoverished Americans.
Read more: 50 Worst Cities to Live In - 24/7 Wall St.