Investing

Cities With The Most Post Offices On The Chopping Block

 10. Houston
> Number Of Post Offices That May Close: 9
> Population Change (1960-2010): +123.8%
> Population Density: 3,501.4 (121st greatest)
> Unemployment: 8.2%
> Home Vacancy Rate: 11.08%

Houston was easily the fastest-growing large city in the country in the past half-century. Its population has more than doubled since 1960. Compared to most other major American cities, Houston’s economy is performing quite well: it’s vacancy rate is average, and it’s unemployment rate is slightly below average. For a city of its size, Houston has an incredibly geographically spread-out population, making traveling to post offices by foot often impractical. As a result of this decreased demand, nine offices are at risk of closure in the coming months. According to Houston Postal Service representative Dione Montegue, “The foot traffic is low.”

9. Baltimore – Tie For 8
> Number Of Post Offices That May Close: 10
> Population Change (1960-2010): -33.9%
> Population Density: 7,675.7 (30th greatest)
> Unemployment: 7.3%
> Home Vacancy Rate: 17.77%

Baltimore’s status as one of the biggest ports in the world has dissipated, and so has more than 33% of its population since 1960. Unemployment is relatively low in the city, but the vacancy rate of 17.77% is one of the highest in the country for a major city. As a result, the USPS may close as many as 10 branches in the city the coming months. Regarding the potential shuttering, “This is just a study. It may not happen,” Baltimore’s USPS representative Aneda Sauter said. “We’ll have to see what the outcome is.” She added that “service will not be impacted. You’re still going to get the same carrier delivering your mail.”

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8. Pittsburgh – Tie For 8
> Number Of Post Offices That May Close: 10
> Population Change (1960-2010): -49.4%
> Population Density: 5,518 (57th greatest)
> Unemployment: 6.9%
> Home Vacancy Rate: 14.09%

In 1960, Pittsburgh was the steel capital of the world and had the 8th largest population in the country. Since 1960, the steel industry has gone, and the population has decreased by nearly 50%. Pittsburgh is beginning to recover with heavy service-based economy. Unemployment is only 6.9%. However, the city still has long to go to hit its prior population density relative to its city infrastructure, as evidenced by a vacancy rate of more than 14%. The postal service may close as many as ten separate post offices in the city.

7. Los Angeles
> Number Of Post Offices That May Close: 12
> Population Change (1960-2010): +53.0%
> Population Density: 8,091.8 (27th greatest)
> Unemployment: 11.1%
> Home Vacancy Rate: 5.13%

Like Houston, Los Angeles is one of the few cities on this list with a growing population and a relatively low vacancy rate. Only 5.13% the city’s housing units are vacant. Los Angeles has a very high unemployment rate, however. And the population density is 27th, despite being the second largest city in the country.

6. Detroit
> Number Of Post Offices That May Close: 13
> Population Change (1960-2010): -57.3%
> Population Density: 5,142.5 (63rd greatest)
> Unemployment: 11.6%
> Home Vacancy Rate: 18.33%

There arguably isn’t a city in the U.S. that has had a greater fall from grace. Once a booming manufacturing city, particularly in the auto industry, Detroit has lost nearly 60% of its population in the last 50 years. It is the 18th largest city in the U.S., but it has the 63rd greatest population density. The city has an 11.6% unemployment rate and a staggering vacancy rate of more than 18%. As the population continues to falter and the economy worsens in the state, the postal service is looking to shutter branches. A total of 62 post offices could close in the state of Michigan, and 13 of them are within the Detroit city limits.