12. Detroit, MI
Major Industries: Automobile manufacturing and financial services
Annual Growth Rate: -0.25%*
Detroit’s downfall has transformed it into a compelling case study for failed cities across the country. Once the proud hub of automotive giants like Ford and General Motors, it witnessed its vast riches vanish amidst decades of mistakes, culminating in a declaration of bankruptcy in 2013. From shuttered factories to race riots fueled by years of discriminatory policies and corrupt politics, Detroit has weathered it all, with droves of Detroiters fleeing in its wake. Following bankruptcy, Detroit emerged as a haunting spectacle, its crumbling factories serving as a somber reminder to other cities teetering on the precipice. The city continues to grapple with the lingering aftermath of its boom-and-bust car industry, grappling with pollution and soaring unemployment rates. While law enforcement may argue that Detroit’s demise can be attributed to rampant crime, the reality is far more complex. It’s a delicate interplay of cause and effect, as poverty surged in tandem with alarming rates of violent crime. Despite the declaration of a financial emergency in 2013, progress has been slow to manifest. Detroit’s tale is more than just a cautionary tale; it’s a testament to resilience, community spirit, and the unyielding will of its inhabitants.
12. Detroit, MI
13. Denver, CO
Major Industries: Telecommunications and Energy
Annual Growth Rate: 1.22%*
If you’re a skier or simply crave that mountain getaway, chances are you’ve ventured into the vibrant city of Denver, Colorado. Known as the “Mile High City,” it’s renowned for its craft breweries, thrilling outdoor adventures, and its proximity to the majestic Rocky Mountains. However, in recent years, Denver has experienced a surprising shift as some of its residents migrate to neighboring cities like Boulder. While Denver has embraced the growth fueled by industries like Arrow Electronics and the legalization of recreational cannabis, this boom has inadvertently pushed property prices to new heights, forcing long-time locals to seek refuge elsewhere. To complicate matters, the issue of homelessness has increasingly plagued the city. Colorado Sun has even coined Denver’s homeless camps as “out of control,” with the number of people facing homelessness skyrocketing even before the pandemic. Astonishingly, there are currently 4,171 individuals without homes in Denver, and unfortunately, this figure continues to rise. It’s another pressing issue that contributes to the exodus of residents from the city. As Denver grapples with these challenges, it seeks to maintain its allure and address these concerns to retain its vibrant spirit and magnetic appeal.
13. Denver, CO
