50. Beverly Hills, Florida
> Population: 9,144
> Poverty rate: 32.9% (top 10%)
> 2017 violent crimes per 100,000 people: N/A
> Median home value: $63,400 (bottom 10%)
Beverly Hills is one of the poorest cities in Florida. The typical household earns just $26,525 a year, less than half the $57,652 the typical American household makes. The low incomes are reflected in the city’s real estate values, as the typical home in Beverly Hills is worth just $63,400.
Low property values are also likely a product of the relatively few entertainment and cultural attractions in the city. The city has a far lower concentration of bars, restaurants, theatres, and museums than is typical nationwide.
49. Bridgeport, Connecticut
> Population: 147,586
> Poverty rate: 20.8% (top 25%)
> 2017 violent crimes per 100,000 people: 900 (top 10%)
> Median home value: $170,300
Bridgeport is the only city in Connecticut — and the broader New England region — to rank among the worst U.S. cities to live in. A relatively poor city, the typical household in Bridgeport earns just $44,841 a year, and more than one in every five city residents live below the poverty line. Those on the low end of the income spectrum in Bridgeport are strained further by the city’s high cost of living. Goods and services in Bridgeport are 30.8% more expensive than the average nationwide.
The area’s low incomes are partially attributable to a weak job market. According to Census estimates, an average of 9.3% of workers have been unemployed over the last five years.
48. Orange Cove, California
> Population: 9,567
> Poverty rate: 45.9% (top 10%)
> 2017 violent crimes per 100,000 people: 600 (top 25%)
> Median home value: $114,300 (bottom 25%)
Orange Cove is one of the poorest cities in the country. Nearly 46% of the population lives below the poverty line, and about half of all households earn less than $26,000 a year. Low incomes and financial hardship are partially the product of a weak job market. The city’s five-year average unemployment rate of 7.8% is well above the comparable national rate of 4.1%.
For residents of Orange Cove with disposable income, local entertainment options are limited. The area’s concentration of places like bars, restaurants, theatres, and museums is far lower than the average nationwide.
47. Arvin, California
> Population: 20,826
> Poverty rate: 27.5% (top 10%)
> 2017 violent crimes per 100,000 people: 1,071 (top 10%)
> Median home value: $132,300
Arvin is one of three California cities in the Bakersfield metro area to rank among the worst places to live. With 1,071 violent crimes for every 100,000 residents, Arvin is the most dangerous city in the broader Bakersfield metro area. Crime is often more common in poorer areas, and more than one in every four Arvin residents live below the poverty line.
Like most other California cities on this list, Arvin does not have much to offer in the way of cultural or entertainment options. There are far fewer restaurants, bars, recreation centers, museums, and theatres per capita in Arvin than is typical nationwide.
46. Asbury Park, New Jersey
> Population: 15,830
> Poverty rate: 30.4% (top 10%)
> 2017 violent crimes per 100,000 people: 1,361 (top 10%)
> Median home value: $335,500 (top 25%)
Asbury Park is a relatively poor city along the New Jersey coast. The typical household in the city earns just $39,324 a year, about $18,000 less than the typical American household. Low income residents are strained further by the area’s high cost of living. Asbury Park is located within the broader New York City metro area, one of the most expensive regions of the country, and goods and services in the city are 22.4% more expensive than average.
The city’s low incomes and a high cost of living likely contribute to widespread food insecurity in Asbury Park. Additionally, more than one in every three city residents have limited access to a grocery story or large supermarket.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.