Tuesday, March 8, 2011

Sacramento makes Forbes most miserable cities in the U.S. list

Five California cities have made Forbes Magazine's top ten list of most miserable cities: Vallejo, Sacramento, Modesto, Merced and Stockton.

via Most miserable city in the U.S.? Stockton resident begs to differ : KALW.

Arnold Schwarzenegger was sworn in as the governor of California at the end of 2003 amid a wave of optimism that his independent thinking and fresh ideas would revive a state stumbling after the recall of Gov. Gray Davis.

The good vibes are a distant memory: The Governator exited office last month with the state facing a crippling checklist of problems including massive budget deficits, high unemployment, plunging home prices, rampant crime and sky-high taxes. Schwarzenegger's approval ratings hit 22% last year, a record low for any sitting California governor.

California's troubles helped it land eight of the 20 spots on our annual list of America's Most Miserable Cities, with Stockton ranking first for the second time in three years.  ...

We ranked each area on 10 factors, including unemployment over three years, tax rates (both sales and income), commute times, violent crime and how its pro sports teams have fared over the past three years. We added two housing metrics this year: the change in median home prices over three years, and foreclosure rates in 2010, as compiled by RealtyTrac. We also considered corruption based on convictions of public officials in each region, as tracked by the Public Integrity Section of the U.S. Department of Justice. Lastly, we factored in an index put together by Portland, Ore., researcher Bert Sperling that rates weather in each metro on factors relating to temperature, precipitation and humidity. ...

No. 5 Sacramento, Calif.

No state taxes $50,000 of income like California, with a rate of 9.55% on incomes above that level for singles. Sacramento is a one-team sports town, and that team has been awful in recent years. The NBA's Kings have won just 26% of their games the past two-plus seasons.

via Forbes

Don't care about the Kings winning or not, but no jobs, high taxes, violent crime and bad weather ... well, it is still a beautiful city, with live music, art and plenty of happy people.

 

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