The Midnight Rambler // Alfred Spellman

The 3 worst-run cities in the US:

1. Miami, Fla.
Violent crime per 1,000 people: 11.08 (13th-highest)
Poverty rate: 32.4% (5th-highest)
Adult population graduated from high school: 68.2% (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 in poverty. 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% is the fifth-highest. The city faces a handful of other problems. Only 68.2% of adults have a high school diploma or more — the fourth-lowest rate. Also, 22.5% of housing units are vacant, which is the fifth-highest percentage. 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.