Gadsden, Ala. among top 10 poorest cities in the U.S. - WAFF-TV: News, Weather and Sports for Huntsville, AL

Gadsden, Ala. among top 10 poorest cities in the U.S.

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Gadsden, Ala. ranks 5th in a list of the top 10 poorest U.S. cities, according to TheRichest.org. (Source: Wikimedia Commons/Ronhjones) Gadsden, Ala. ranks 5th in a list of the top 10 poorest U.S. cities, according to TheRichest.org. (Source: Wikimedia Commons/Ronhjones)
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GADSDEN, AL (WBRC) -

Gadsden, Alabama ranks among the 10 poorest cities in the U.S., according to the website www.therichest.org.

Gadsden is number five on the list with a median income of $33,313. The website says more than a fifth of Gadsden's population lives below the poverty line and 9.1 percent of people of working age are currently unemployed. TheRichest.org also says the average household income dropped $4,500 in a five-year period beginning in 2007.

As an upside for Gadsden, the site says the value of homes has increased by nearly 13 percent, the fifth largest growth rate for metropolitan areas.

Almost all ten of the poorest cities are located in the South or Southwest, with the only exception being Cumberland, Maryland.

Click here to view a slideshow of the top 10 poorest U.S. cities.

Copyright 2013 WBRC. All rights reserved. 

 

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