Top 10 most distressed communities (Photo: New York Times via The Economic Innovation Group)
(Photo: New York Times via The Economic Innovation Group)
CINCINNATI, OH (FOX19) -
Three cities in Ohio - including Cincinnati - are among the county's most distressed communities, according to a report by an advocacy group.
The Economic Innovation Group's Distressed Communities Index finds, as the New York Times puts it, “the gap between the richest and poorest American communities has widened since the Great Recession ended, and distressed areas are faring worse just as the recovery is gaining traction across much of the country.”
Among large cities, Cincinnati ranked the tenth most-distressed city in the country, with a score of 93.6 out of 100.
To come up with the rankings in the DCI, EIG analysts focused on seven factors: Adults without a high school degree, number of adults not working, percentage of people living below the poverty line, home vacancy rates, median income as a percentage of the state average, change in employment and change in the number of businesses.
According to the factors, Cincinnati has 15 percent of adults without a high school degree, 31 percent of people living in poverty, 44 percent of adults not working, the housing vacancy rate is 19 percent, the change of employment between 2010 and 2013 was up 3.8 percent, while the change in the number of businesses between 2010 and 2013 fell 2.9 percent.
Cleveland ranked as the most-distressed city, with a score of 99.9, followed by Detroit (98.9), Newark (96.7) and Toledo (96.4).
Thursday, January 18 2018 6:58 PM EST2018-01-18 23:58:18 GMT
Friday, January 19 2018 10:47 AM EST2018-01-19 15:47:03 GMT
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