Stockton, CA may not be the most miserable city anymore, according to Forbes Magazine. Does Sac-Town take the crown this year as the Most Miserable City in America? Here’s a hint: [lastfm link_type="artist_info"]Will Smith[/lastfm] may have to make a NEW song about his fave city now.
Forbes Magazine released their annual list of Most Miserable Cities Friday (Feb. 3) and the NEW #1 City on that list…is Miami, Florida.
Forbes says their equation for making their list includes looking at unemployment and inflation rates, foreclosures, crime statistics, and tax percentages. They also include factors that are not-so quantifiable, like weather, average commute times, and the quality of local sports teams. In naming the new #1, Miami, Fla., Forbes cited the beach city’s growing divide because of still-falling home prices.
Sacramento ranks #5. In addition to ranking high in national lists with a high foreclosure rate, the Forbes article focused on Sacramento spots. “Sacramento’s lone pro sports team is flirting with a move to Anaheim unless the city delivers financing for a new arena. Sac-Town might not miss them. The team has lost 73% of its games since the start of the 2008-09 season,” stated the article.
Stockton fell to #11 this year, beating Sacramento. Other California cities on the list include: #15 Merced, #17 Bakersfield, #18 Vallejo, and #19 Modesto.
Forbes referred to the city’s current housing or unemployment situation.