Amsterdam, a city in upstate New York, has been named as the state’s worst city to live in, according to financial experts at 24/7 Wall Street. This evaluation was part of a broader study that assessed various cities across the United States based on several parameters. These criteria included economic factors, community aspects, and overall quality of life.
The decision to designate Amsterdam as the least desirable city in New York was grounded in a range of statistical data. Notably, the poverty rate in Amsterdam stands at 23.8%, significantly higher than the state average of 13.5%. This is a critical indicator of the economic challenges faced by residents.
Additionally, the median home values in Amsterdam, at $92,900, are considerably lower than the New York state average of $340,600. This disparity in home values can reflect broader issues related to the local economy and living standards. Furthermore, the average household income in Amsterdam is reported to be $43,164, which is below the state average of $75,157. This lower income level contributes to a broader picture of economic struggles within the city.
It’s important to note that such rankings and studies, while based on quantitative data, do not necessarily capture the full spectrum of life in a city. They often rely heavily on statistical analysis and can overlook the qualitative aspects of a community, such as the strength of local relationships, cultural richness, and the resilience of its residents.