By Nora Tooher
Cleveland is the seventh worst-run city in the country, according to a ranking by the website 24/7 Wall St.
Hurt by the decline in the manufacturing industry and continuing population losses, Cleveland’s poverty rates are more than double the national rate.
A typical household in Cleveland made $24,257 last year, less than half the national median income. Its poverty rate, meanwhile, was 36.1 percent – more than double the national rate and worse than every large U.S. city except for Detroit.
And with 1,374 violent crimes per 100,000 people in 2012, Cleveland’s crime rate is the eighth highest in the nation. Among large U.S. cities, Cleveland had the second-highest rate of vacant homes in 2012, trailing only Detroit.
To determine the performance of the nation’s largest cities, 24/7 Wall St. considered a variety of factors, including the area’s economy, job market, crime level and welfare of the population.
The best-run city in 2014, the website states, is Irvine, Calif., which has a well-educated population and is home to the University of California, Irvine, the city’s top local employer.
Irvine has one of the highest median household incomes – $96,000 – in the country and one of the lowest crime rates. The typical Irvine home cost about $630,400 last year, more than any other large U.S. city except San Francisco.
Fremont, Calif., was the second-best run city, followed by Plano, Texas; Lincoln, Neb.; Virginia Beach, Va.; Scottsdale, Ariz.; Seattle; Austin, Texas; Chesapeake, Va.; and Raleigh, N.C.
San Bernardino, Calif., which filed for bankruptcy in 2012 in the face of a $46 million deficit, topped the list of worst-run U.S. cities. The city was faulted for “falling tax revenues, poor financial planning, including inaccurate reporting from city officials and a housing market in crisis.” Last year, home values were about half what they were in 2008.
Detroit was the second worst-run city, followed by Newark, N.J.; Miami; Stockton, Calif. and Fresno, Calif.
North Las Vegas, Nev., followed Cleveland, with Hialeah, Fla., and Milwaukee, Wis., rounding out the list of the 10 worst-run cities in the country.