Metro

Forbes: Providence a tough place to live

By
Metro Editor
Thursday, April 23, 2009

If you can make it here, you can make it anywhere — at least according to Forbes.

The magazine recently named Providence the U.S. city “where it’s hardest to get by.” Rounding out the rest of the top five, in order, were Los Angeles; Riverside, Calif.; Tampa, Fla. and Buffalo, N.Y.

The rankings were based on unemployment, cost of living and median income. Rhode Island’s unemployment rate recently rose to 10.5 percent, but according to the April 14 article, Providence residents are even worse off, facing an 11.6 unemployment rate.

And though the city has a median income above the national average, it ranks 22 points higher on the cost-of-living index than the national average of 100, according to the article.
The Forbes ranking covered metropolitan statistical areas used by the federal government.