These are the most financially distressed zip codes in the United States (2023)

FAQs

What are the most economically distressed areas of the US? ›

The 10 most distressed counties can be found in Appalachia and the Deep South. McDowell County, WV, ranks as the most economically distressed county in the country, followed by other small-population counties in chronically struggling parts of Georgia and Louisiana.

A community is categorized as distressed if its score is above 80, whereas if a zip code scores below 20, it is considered prosperous.

The South is home to more than half (51.2 percent) of the country's population in distressed zip codes, even though the region only contains about 38 percent of the total U.S. population. The South also has the lowest percentage of residents who reside in prosperous and comfortable communities.

Accordingly, the Commission designates as “distressed areas,” those census tracts in at-risk and transitional counties that have a median family income no greater than 67 percent of the U.S. average and a poverty rate 150 percent of the U.S. average or greater.

noun. a region so severely damaged by a flood, hurricane, or other natural catastrophe that its inhabitants need food, clothing, shelter, and economic aid from national charities or the federal government.

Distressed counties are the most economically depressed counties. They rank in the worst 10 percent of the nation's counties. At-Risk. At-Risk counties are those at risk of becoming economically distressed. They rank between the worst 10 percent and 25 percent of the nation's counties.

The lowest ZIP Code number is 00501, unique for the Internal Revenue Service in Holtsville, NY.

The Carnegie Endowment for International Peace reports in its International Economics Bulletin that Ukraine, as well as Argentina and Jamaica, are the countries most deeply affected by the crisis.

In what state is the richest zip code? ›

Economic distress means conditions affecting the fiscal and economic viability of a rural community, including such factors as low per capita income, low per capita taxable values, high unemployment, high under- employment, low weekly earned wages compared to the state average, low housing values compared to the state ...

The Distressed Communities Index (DCI) is a tool for measuring the comparative economic well-being of U.S. communities and helps illuminate ground-level disparities across the country.

A distressed property is a home on the brink of foreclosure or already owned by the bank. Investors often seek these properties out because of the opportunity to buy a home at a discount. However, buyers are taking a risk that the property might need significant repairs.

One of the best ways to locate distressed property is to search online. Top websites that specialize in distressed property listings include Auction.com, Foreclosure.com, HomePath by Fannie Mae, HomeSteps by Freddie Mac Homes, HUDForeclosed.com, and RealtyTrac.

Example of Distressed Sale

For instance, a sale of a business that is consistently making losses and almost on the edge of winding up is an example of a distressed sale. Or let us say another example is selling a run-down house for less than its market price, where the owner is ready to bear the loss in the sale.

WalletHub has an answer. Researchers at the personal finance publication ranked the 50 states based on scores in five categories: affordability, economy, education and health, quality of life, and safety. Massachusetts topped 2022's list, touting a score of 62.65 out of 100.

What is the #1 best state to live in? ›

Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).

Counties establish important local laws (ordinances) and enforce laws that protect citizens from harmful behavior. They also encourage citizens and businesses to get involved in their communities.

A county is a territorial division and a unit of local government in some countries. Counties are usually made up of cities, towns, and rural populations. The functions of a county vary from country to country. In the United States, counties are usually government units below the state level.

It doesn't exist. In fact, the highest real zip code is 99950, for Ketchikan, Alaska. Still, if you scour your database, there's a good chance you'll find more than a few 99999 zip codes. Most organizations find that it's been entered as a placeholder in their shipment database.

The four extra numbers are added after a hyphen to complete the ZIP+4. So what do the extra numbers mean? These last 4 digits represent specific delivery routes within delivery areas. This extra detail means an even more precise matching to a more granular level.

First digits

The first digit of the ZIP code is used as follows: 0 = Connecticut (CT), Massachusetts (MA), Maine (ME), New Hampshire (NH), New Jersey (NJ), Puerto Rico (PR), Rhode Island (RI), Vermont (VT), Virgin Islands (VI), APO Europe (AE), FPO Europe (AE) 1 = Delaware (DE), New York (NY), Pennsylvania (PA)

Sri Lanka, Lebanon, Russia, Suriname and Zambia are already in default, Belarus is on the brink and at least another dozen are in the danger zone as rising borrowing costs, inflation and debt all stoke fears of economic collapse.

Which countries are on the brink of economic collapse? ›

Lebanon, Syria, Iraq, Libya and Yemen are teetering on the brink of humanitarian catastrophe, with skyrocketing poverty and an economic implosion that threatens to throw the region into even deeper turmoil.

Loyola, Los Altos, California

Loyola, California, is the richest neighborhood in America. The average household income in Loyola is $326,069, with the median income a little lower at $246,563. The median listing price is $3,899,000. Loyola also borders Los Altos Hills, which is one of the richest towns in America.

The most diverse state in the United States is Hawaii, where Pacific Islanders and various other ethnicities and races live together. California, the second most diverse state, has the nation's largest Hispanic and Latino population. Nevada, the third most diverse state, has an ethnic and racial diversity of 68.8%.

Located in Southern California, Los Angeles is one of the most multicultural cities in the world, with people from approximately 140 different countries, speaking roughly 86 different languages.

Every state was scored in six categories of diversity: socio-economic, cultural, economic, household, religious and political. The highest score went to liberal California, which was followed closely by conservative Texas. The Golden State ranked first in both socio-economic and cultural diversity.

A big reason a recession looks imminent is because of inflation, which is showing few signs of slowing down. Last week's consumer price index (CPI) report revealed year-over-year inflation reaching 9.1%, the highest rate since 1981.

In a recent poll of economists, the World Economic Forum found that nearly two-thirds of the respondents believe there will be a recession in 2023. But here's the good news: Many analysts expect a relatively mild and short recession, or what is sometimes referred to as recession with a small r.

What is causing inflation 2022? ›

Higher energy costs caused the inflation to rise further in 2022, reaching 9.1%, a high not seen since 1981. In July 2022 the Fed increased the interest rate for the third time in the year, yet inflation remained high outpacing the growth in wages and spending.

A zip code, city, or county is considered distressed if its distress score falls in the highest 20 percent of its peer group. Since distress scores are nor- malized to reflect percentiles, scores over 80.0 are considered distressed. “Most distressed,” when used, refers to the highest 10 percent of distress scores.

Financial distress happens when revenues or income no longer meet or pay for the financial obligations of an individual or organization. Financial distress is often a harbinger of bankruptcy and can cause lasting damage to one's creditworthiness.

The eight U.S. economic regions defined by the Department of Commerce Bureau of Economic Analysis: New England, Mideast, Southeast, Great Lakes, Plains, Rocky Mountains, Southwest, and Far West.

Mississippi is the poorest U.S. state, with 18.8% of its residents living in poverty. The state also has the highest child poverty rate, with 27.9% of its under-18 population meeting federal poverty guidelines.

The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector (tertiary).

The four main types of economic systems are a pure market economy, a pure command economy, a mixed economy, and a traditional economy.

Economic systems can be categorized into four main types: traditional economies, command economies, mixed economies, and market economies.

What state has the richest economy? ›

Kerala has the lowest poverty ratio with 0.71%.

Thus, we can say that Kerala in India has the lowest poverty ratio.