Las Vegas has become the single most dreadful place to live since the recession has hit the US, according to a new economic study of the 100 largest U.S. cities.
Many homeowners in the city have been ruined by a crash in house prices, which were an astonishing 64.5 percent lower in June 2011 compared to the market peak of late 2007, reports the Daily Mail.
AdvertisementAnd in the same period unemployment is up 7.5 percent, employment down 13.4 percent, and gross metropolitan product down 12.8 percent.conomists from MetroMoniter used these four criteria to rank the worst performing, and therefore the most miserable U.S. cities.
Aside from Las Vegas, every place in the top 10 of the misery list is in California or Florida, proving that sunshine is not everything for its residents.
Riverside, Sacramento, and Stockton, all in California, follow Las Vegas as the most depressing places with Cape Coral in Florida in fifth place.